Types of Giving
Cash Gifts
The simplest way to give. You can deduct a cash gift for income tax purposes only in the year in which you contribute it. Cash gifts can be made in the form of checks or pledge.
Gifts-In-Kind
NICC welcomes donations and services that, in turn, will benefit the school. The donor, through an appraisal, record of purchase, or billing statement determines the gift value. Gifts should follow the gift acceptance policy and guidelines.
Matching Gifts
Many corporations have matching gift programs for contributions made by employees or retirees. Please ask your Human Resources Department if your company matches gifts.
Memorials
Gifts may be made to memorialize and honor a family member or the school's family.
Securities
Stocks, bonds and mutual funds are excellent ways to give, particularly if they have appreciated in value. Stock given to NICC, held by the donor for more than 12 months, can be sold on the donor's behalf, with no capital gains tax. The full amount can be deducted as if the gift had been cash.
Bequests
A provision is made in a donor's will, through which NICC receives cash and/or other assets at the time of the donor's death. Distributions can be made either as a specific dollar amount or as a percentage of the estate.
Life Insurance
Ownership of an existing policy transferred to the college is designated as the beneficiary and/or owner of a policy.
Contact your financial advisor for advise on the transfer of your gift.
Cash Gifts
The simplest way to give. You can deduct a cash gift for income tax purposes only in the year in which you contribute it. Cash gifts can be made in the form of checks or pledge.
Gifts-In-Kind
NICC welcomes donations and services that, in turn, will benefit the school. The donor, through an appraisal, record of purchase, or billing statement determines the gift value. Gifts should follow the gift acceptance policy and guidelines.
Matching Gifts
Many corporations have matching gift programs for contributions made by employees or retirees. Please ask your Human Resources Department if your company matches gifts.
Memorials
Gifts may be made to memorialize and honor a family member or the school's family.
Securities
Stocks, bonds and mutual funds are excellent ways to give, particularly if they have appreciated in value. Stock given to NICC, held by the donor for more than 12 months, can be sold on the donor's behalf, with no capital gains tax. The full amount can be deducted as if the gift had been cash.
Bequests
A provision is made in a donor's will, through which NICC receives cash and/or other assets at the time of the donor's death. Distributions can be made either as a specific dollar amount or as a percentage of the estate.
Life Insurance
Ownership of an existing policy transferred to the college is designated as the beneficiary and/or owner of a policy.
Contact your financial advisor for advise on the transfer of your gift.