The Foundation offers a variety of ways to give intended to provide you with greater flexibility to make your gift in the manner that best meets your needs. However, you choose to give, 100% of your investment benefits students, faculty, and staff at A-B Tech Community College!
Cash Gifts
Cash is the simplest way to give.
- Online: To securely make a donation with your credit card visit Donate Online to the A-B Tech Foundation.
- Check: To make a donation by check, please make your check to the A-B Tech Community College Foundation and send it to A-B Tech Community College Foundation, 340 Victoria Rd, Asheville, NC 28801
- Multi-Payment Pledges: The A-B Tech Foundation also accepts single and multi-payment pledges. Please contact the Foundation for more information. Pledges are not deductible until paid.
Gifts-In-Kind
A-B Tech welcomes in-kind donations, which help the college keep pace with changing technology and equipment needs and meet the demands of increased enrollment.
Gifts In-kind: Must fulfill a stated need of one or more college departments, and be approved by Facilities or IT personnel to ensure compliance with existing infrastructure. If directly related to A-B Tech’s mission, a gift-in-kind may be tax deductible at the current market value. If unrelated, the deduction is usually limited to what was paid for the item(s). Appraisals may be required, and if a required appraisal is not submitted, the value of the gift will be recorded as $0. A-B Tech does not appraise gifts; donors are responsible for substantiating the value of donated items with the IRS and should contact their financial advisors or tax attorneys for assistance.
Individuals: If your gift has an apparent value of less than $5,000, an appraisal is encouraged but not required. If your gift has an apparent value of $5,000 or more, the IRS requires an appraisal and IRS Form 8283.
Exceptions include:
- Closely-held stock, which must be appraised only if the apparent value is $10,000 or more
- Gifts of service
- Gifts of out-of-pocket expenses
- Limited use of private property
Corporations/Foundations: If your gift has an apparent value of $5,000 or more, an appraisal is encouraged but not required; however, a completed IRS Form 8283 is required if you plan to seek a tax deduction.
If you would like to make a gift-in-kind donation, please contact the appropriate College department for your gift. Following the department's acceptance of the gift, gifts-in-kind will be acknowledged with an official letter from the Foundation. Additional acknowledgments (signage, logo placement, press releases) may also be considered.
Planned Giving
Planned gifts or deferred gifts are ways to provide ongoing support to A-B Tech students and programs. Donors may choose to make a bequest, establish charitable remainder trusts, create a gift annuity, or donate stocks and bonds. Donors should seek counsel from their financial advisor, attorney, and/or tax professional. For more information please contact Amanda Bryan, Annual & Legacy Gifts Coordinator at (828) 398-7567 or by email at amandakbryan@abtech.edu.
Stocks and Bonds
The A-B Tech Foundation welcomes gifts of stocks and bonds; our policies state that such gifts must be sold as soon as possible after we receive them. Donations of appreciated stocks or bonds can benefit donors (individuals and corporations), as they may deduct the full market value of appreciated stocks without paying capital gains taxes on the appreciated value.
Matching Gifts
Many companies match the charitable contributions their employees make – doubling the value of each gift! Check with your company’s HR department to find out if they offer a matching gifts program OR contact the Foundation.
Real Estate
Gifts of real estate can be an excellent way to make a large gift to the college while enjoying significant tax benefits. Gifts of real estate are typically made as outright gifts or part gift/part sale (also known as a bargain sale) but can also be made as the resource for a charitable remainder trust or retained life estates. A-B Tech Foundation accepts donations of these properties, among others: residences, vacation homes, farms, commercial buildings, and undeveloped land.
Create a Scholarship
Establish a named or annual scholarship at A-B Tech with a minimum contribution of $1,000 or an endowed scholarship fund with a minimum donation of $25,000. The gift of $25,000 for establishing the endowment is payable over five years. Scholarship sponsors, in collaboration with the Foundation staff, give input on all of the criteria for the scholarship. The sponsor also chooses the name of the scholarship. Generally, donors may expect that a scholarship award will be made the following academic year after the gift is received. For more information, please contact advancement@abtech.edu.
A current listing of scholarships can be found on our website.
For More Information
- Phone: (828) 398-7177
- Email: advancement@abtech.edu
The A-B Tech Foundation, housed within the Office of College Advancement, is a 501(c)(3) organization.
All donations to the Foundation are tax-deductible as allowed by law. The Foundation has assets totaling over $7.5 million.