Cash, usually in the form of a check, is the most common type of gift to the Tech Foundation. Cash contributions are generally tax deductible when you itemize deductions on your return. Checks must be payable to Louisiana Tech University Foundation (the word "Foundation" must be included). Indicate the purpose of your gift on the check or in a cover letter if you do not have a response card.
Gifts to the Tech Foundation can also be made with a credit card. Online gifts can now be made through the University Fund.
Gifts of securities such as stocks and bonds afford a means to make meaningful gifts that can result in extra tax savings. If you have owned the securities for more than one year, you can receive a charitable deduction equal to the full, fair market value of the asset. You pay no capital gains tax on the gift and neither does the Foundation.
For individuals who make annual cash gifts to the Foundation, there may be advantages to making future gifts with appreciated securities. Individuals can make their gift by transferring stock, then use the cash (that they would have used to make the gift) to repurchase shares in the same company. They will then own the same stock with a new, higher cost basis.
Stock Transfer Information
Gifts of stock may be transferred as follows:
Financial Advisor: Wells Fargo - Phone 318-255-1958
Account Name: Louisiana Tech University Foundation, Inc.
Account Number: 4152-6549
DTC # 0141
IMPORTANT NOTE: Because your personal information will not be submitted to the Foundation with your stock transfer information, please contact Jennifer Riley at email@example.com
or Corre Stegall at firstname.lastname@example.org
to let them know that you have made a gift by stock transfer, the date of the transfer, and the specific purpose for your gift. This will allow the Foundation to credit you for the gift and provide you with the appropriate gift tax receipts.
(make an online donation
Cash, Securities and Stock Transfers
Endowed Professorships and Chairs
Corporate Matching Funds
State Matching Funds