Your continued support is a big part
of the success of Florida Institute of
Technology. As we near our 50th anniversary
in 2008, Florida Tech continues to provide
undergraduate students with small class
sizes, attentive faculty and the amazing
opportunity to conduct funded research
in the field, on the river, in the sky,
under the ocean and deep into outer space.
There are many ways to make a difference.
Some of the most popular ways include …
Contributions by check, money order
or credit card can be made to both
restricted
and unrestricted accounts. Your gift
may be doubled or even tripled through
matching gift plans with employers.
Please contact your human resources
officer
for information on this possible benefit.
This is an excellent and easy way to
make a difference. You may contribute
gifts of appreciated stocks, bonds
or other property to the university.
For
further details, contact your broker
and a member of our staff.
Florida Institute of Technology accepts
gifts of jewelry, art, rare books,
antiques and similar properties.
Should you choose
to give in this way, you will need
to secure an independent appraisal
of the
value of your gift for tax purposes.
The most common form of planned
giving is a bequest. With a bequest,
you
make a provision for Florida
Institute of
Technology in your will, designating
either a percentage of your estate
or a dollar amount to the university.
Bequests
should be drawn and executed
with your attorney’s advice.
Gifts of real estate provide
a great way to support the
university. You
may contribute real estate
outright or as
a deferred gift.Life Insurance
You may assign Florida Institute
of Technology as a beneficiary
or co-beneficiary
of
your life insurance policy.
When the university is named
as the
owner of
the policy or the irrevocable
beneficiary, the cash value
of the policy may
be deducted
on your tax return. In addition,
premiums paid thereafter are
also income tax
deductible.
This gift is a unique way
to provide for both your
survivors
and the
university. Your gift to
the university will
provide a lifetime income
stream for a spouse
or children you leave behind.
This trust provides an immediate
income
tax deduction
for the value of the remainder
interest in the trust based
on IRS life expectancy
rates, your age and rate
of return at that time.
This is another option
that may be set up to provide
life income
to
a survivor,
with the principal going
to Florida Institute of
Technology
upon
the survivor’s
death.
You can remember loved
ones by establishing
scholarships in
their honor or memory
by donating to the Florida
Institute of Technology
endowed
alumni
scholarship fund. Gifts
of $25,000 or more
are required for a named
scholarship endowment.
To learn more about each of
these ways to give, contact
Tama Johnson in the
development office
at (321)
674-6143. |
Florida Tech’s Ralph S. Evinrude
Marine Operations Center, severely damaged
from the 2004 hurricanes, is back in
operation with space for donations
to university
marine programs.
Capt. Clay Hall, administrator
of the center, located in Melbourne Harbor,
said, “We
have repaired the crew house roof, 180
feet of dock and two small piers, but
we have lost our sailing storage shed
and
our boathouse is still the worse for
wear.”
However, there is now plenty
of space to house donated boats. The
university
uses
these boats for marine research, sports
and recreation, or resale for additional
university funding.
“We hope to find a replacement
for the 60-foot R/V Delphinus, Florida
Tech’s primary
research vessel, which has seen many
good years of service,” said Hall. “We
will accept and sell fiberglass boats
of all sizes, however. Even with the
new tax
laws, donors can still receive a
tax credit.”
For details, contact
Hall at (321) 431-1602.
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