These benefits allow donors to make a greater impact without spending more money. Cash Gifts Cash contributions to Ivy Tech Foundation are fully deductible to the extent allowed by federal law. Comparable benefits are available for regular corporations. Gifts qualify for deductions and credits in the calendar year they are given. Corporate Matches Of Individual Gifts Scores of Indiana companies provide matching gifts for higher education.
Companies match the gifts of employees, and often that of spouses, retirees and board members.
In some instances, the match is greater than the original gift. Please check with the human resources department of the company you or your spouse work for or are retired from to see if such a benefit is available. Corporate matches are credited to the same account as the individual's original donation and leverage the impact your gift can have. If stocks held for more than one year and appreciated in value are contributed to Ivy Tech Foundation, the donor may receive a federal income tax deduction for the fair market value of the security on the date it is transferred to Ivy Tech Foundation. The IRS calculates fair market value as the average of the high and low price for the security on its primary market on the date the asset is transferred.