Guide to Giving

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Year after year, Coker is recognized as one of the best colleges in the nation by popular ranking systems like U.S. News & World Report and The Princeton Review. Private support allows the College to recruit the best and brightest students, attract top-ranked faculty and enhance academic and athletic programs. As we move toward the future, support from private resources will be more important than ever. Gifts from alumni, friends, corporations and foundations ensure Coker is prepared with the necessary resources to move through one of the most ambitious periods of growth in the College’s history.

This publication outlines the numerous ways you can make a gift to Coker and how the College recognizes the generosity of its supporters. We truly appreciate your loyal support, and we invite you to discover how you can be a part of Coker’s exciting future and support our efforts in ways that fit your interests and commitment.

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Outright gifts generate the most return from your partnership with the College. These gifts can provide direct support, establish an endowed scholarship or support a capital project within the College. Outright gifts also qualify for the greatest tax benefit and savings.

Cash Gifts

Cash Gifts are the easiest gifts to value for tax purposes. There are many ways to make your gift, so you can choose the method that’s easiest for you. Whether you decide to write a check, give online or set up a hassle-free monthly draft from your account, you’ll provide immediate support to Coker.

Securities

SECURITIES IN A BROKERAGE ACCOUNT — Securities held in a brokerage account may easily be electronically transferred to Coker College.

The Development Office must be notified when a transaction is underway and must also receive the donor’s name, the name of the stock(s) being transferred and the date the transfer is to take place. Stock may be transferred directly to the College’s brokerage account at Stifel Nicolaus in Hartsville. The College’s DTC transfer number is 0793, and Coker’s account number is 71555528. The account name is “Coker College Endowment Fund Clearing A,” and the College’s Tax ID is 57-0324916.

SECURITIES IN CERTIFICATE FORM — If the stock certificate is held in the name of the donor and not endorsed on the back of the certificate, the donor must execute a stock power and have the signature Medallion guaranteed by an authorized officer of a brokerage firm or a bank that is registered by the SEC. When using the stock power, only the signature and date are needed.

Matching Gifts

Matching Gifts can be generated by gifts of either cash or securities. More than 1,000 companies nationwide participate in a matching gift program, which gives you the opportunity to significantly increase the impact of gifts you make to Coker. Be sure to check with your company to see if it has a program in place. If your company is a participant, please submit its matching gift form along with your gift. You’ll receive credit for the total contribution.

Personal Property

Personal Property gifts such as art, jewelry, books or collections can be deducted at market value provided the property can be used by the College. Although Coker may keep these objects for its own use, they may also be sold to help further its mission, unless otherwise stated.

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Bequests

Bequests are made through a legal document such as a will specifying how an individual’s property will be distributed after death. The donor may give a specific dollar amount or asset or a percentage of their net estate. Bequests can be restricted for a particular area or can be used for general purposes, which gives the institution more flexibility.

Charitable Lead Trusts

Charitable Lead Trusts provide Coker with the payouts first, then return the remaining assets to the donor or others the donor designates. This provides immediate tax savings for the donor and is attractive to donors with appreciating assets. A lead trust can run for a specific term of years or for the donor’s lifetime.

Charitable Remainder Trusts

Charitable Remainder Trusts are established by transferring cash, securities or real estate to a trust. The funds are invested to pay income to the donor or others for their lifetimes, or for a term of up to 20 years. When the trust ends, the assets remaining transfer to Coker to be used as the donor designates. The charitable remainder must equal at least 10% of the value contributed or the trust will not qualify for tax benefits.

Life Insurance

Life Insurance can be used to make a gift to support Coker by assigning ownership to the College. The charitable deduction will depend on whether the policy is paid up, new or has remaining premiums to be paid. When the policy is not pre-paid, your annual premiums are tax-deductible contributions. If you own the policy on your own life, you can reduce the value of the policy from your taxable estate. Upon the donor’s death, the proceeds are used as the donor directs. This is a way to make a sizable gift to Coker for a small cost.

Gifts of Retirement Plan Assets

Gifts of Retirement Plan Assets can be used to provide more favorably taxed property to family while giving Coker the heavily taxed retirement assets. This allows for more money to heirs based on the fact that retirement asset taxation can consume up to 60% of the value of the distribution from a retirement plan. However, a distribution to a charity is tax-free.

We will work with you and your legal, tax, retirement and other advisors to determine the best strategies for your planned gift.