TECH Foundation

Funding the Future

The mission of the TECH Foundation is to grow and oversee an endowment to support the work of TECH, Inc.

Join the TECH Legacy Society!

Members of the TECH Legacy Society are committed to moving our mission forward for years to come. Members are inducted once they reach $5,000 in giving to the TECH Foundation over a lifetime. Benefits include:

  • Honorary piece of art created by a TECH artist, complete with name plaque and induction year
  • Name displayed on the TECH Foundation Legacy Society wall, located at the TECH offices*
  • Name listed in the TECH Annual report as a member of the TECH Foundation Legacy Society*
  • Invitation to annual Pillar and Legacy Society recognition night

*Legacy Society members can choose to remain anonymous if they choose

Giving Options

You have the power to strengthen and protect the future of TECH, Inc. today, tomorrow and beyond by making a planned gift. Planned giving doesn’t have to be complicated or frightening.
There are several simple types of gifts that can leave a legacy.

  • Retirement Plans and IRA's

    If you are 70 1/2 or older, you may be interested in a way to lower the income and taxes from your required IRA distribution.

    Benefits:

    • You may be able to avoid taxes on distributions of up to $100,000 from your IRA with transfers to our organization and satisfy your required minimum distribution (RMD) for the year. This type of gift also reduces your taxable income even if you do not itemize deductions. This type of gift is not subject to the 50% deduction limits on charitable gifts. Please see your tax advisor for more information.

  • Life Insurance

    Benefits:

    • Your life insurance policy can be an effective way of leveraging the support you provide a charity. There are a few ways this can be done. Please see your tax advisor for more information.

  • Annuities

    You may be at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life. See your tax advisor for more information.

    Benefits:

    • Receive fixed payments to you or another annuitant designate for life and receive charitable income tax deduction for the charitable gift portion of the annuity. You can
      also benefit from payments that may be partially tax-free.

  • Wills and Bequests

    Benefits:

    • You may be able to leave a lasting legacy to be remembered and can lessen the burden of taxes on your family. You may receive estate tax savings.

  • Appreciated Assets

    You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. This type of giving could be a solution.

    Benefits:

    • Avoid capital gains on the sale of your appreciated assets. Receive an immediate charitable income tax deduction for the charitable portion of the trust.

Forms

See below for several useful resources as you are planning your long-term gifts.

FAQ's

  • How is giving to the TECH Foundation different than giving to TECH, Inc.?

    The TECH Foundation provides long-term support for TECH, Inc. The endowment is built through charitable gifts, such as gifts of cash and stock, as well as funds from bequests, trusts and annuities. Some of these planned giving instruments even offer lifetime income payments back to the donor. But all of these gifts are invested, and the investment earnings provide annual support for TECH, Inc. for many years into the future.

    But which should I give to?

    Think of it like this; TECH, Inc. is a checking account and the TECH Foundation is a savings account. As a donor, you can decide where you want your money to work – immediately to take care of immediate needs or future gifts that are invested and protect TECH, Inc. legacy. Either way, your gift makes an impact and a difference in the lives of those we serve.

  • I want to make a cash donation to the TECH Foundation. Where do I send the check?

    Thank you! You can send your cash donation to the following address:

     

    TECH, Inc.

    PO Box 399

    Hutchinson, KS 67504

  • Are my gifts tax-deductible?

    Yes! See your tax advisor for more information.

  • Who manages the endowment funds?

    The TECH Foundation endowment funds are managed by the Hutchinson Community Foundation in Hutchinson, KS.

  • Can I designate my gift?

    Yes!