Donate

The most direct way of giving is a gift of cash. Gifts of cash may also be pledged up to a five-year period.

Many companies encourage employees to be charitable by matching their gifts dollar-for-dollar, and sometimes as much as two or three dollars for every dollar given. Maximize your contribution by applying for a corporate match. Information on your companies matching gift program is usually available through your company’s human resource department.

A gift of appreciated assets such as stocks may have significant tax benefits for a donor. Donors may wish to consider donating securities outright or an IRA or a 401K to the Ocean County Foundation for Vocational Technical Education as part of their estate planning as well. Call us for simple instructions on how to transfer stock or for information on giving other appreciated assets.

Gifts through one’s will qualify for a charitable deduction, which can reduces one’s estate taxes and preserves more of the donor’s assets for family and other intended beneficiaries. If you have already planned a bequest to benefit OCVTS students, please let us know or you need further information on how you can make a gift through a bequest. We would like to thank you for your thoughtful planning by recognizing you as member of the Foundation’s Legacy Society.

Gifting life insurance is a popular option for donors who own policies that are no longer needed. If you purchased a policy to pay for a child’s education or to meet a financial responsibility which has since been satisfied, gifting life insurance may be a means to provide support for Middlesex students and to realize an immediate tax deduction.

By designating a gift of cash or securities as a charitable gift annuity, donors and/or designated annuitants will receive a guaranteed fixed sum for life from the Foundation as well as receive a tax deduction. At the death of the last annuitant, the remaining principle is placed into the Foundation’s endowment.

A charitable remainder trust allows a donor to make an irrevocable contribution of cash or property to the Ocean County Foundation for Vocational Technical Education . The donor’s chosen trustee pays income from the trust to designated beneficiaries for life or a set term of years. At the death of the last beneficiary, the principal is distributed to the Foundation. An estate-planning attorney should be contacted to create such a trust.

A charitable lead trust allows a donor to make a substantial gift by funding a trust and designating the Ocean County Foundation for Vocational Technical Education as the income beneficiary for a set time period. At the conclusion of that time, the principal of the trust and all capital appreciation is returned either to the donor or a designated beneficiary. An estate-planning attorney should be contacted to create such a trust.

Donors may donate a personal residence or vacation home while continuing to reside there. In these “retained life estate” situations, the property is deeded to the Ocean County Foundation for Vocational Technical Education, but the donor retains lifetime use of the property. The donor must also continue to maintain and insure the property and pay property taxes. The current deduction is equal to the market value of the property, reduced by your life income interest.