Home

Main Menu

  • Alumni Association
    • TFAA Election
    • Newest Members
    • Alumni Handbook
    • Board of Directors
      • Criteria for Board Membership
      • Meeting Dates
      • Nominate New Members
    • Alumni Projects
    • Member Benefits
    • Alumni Award Recipients
      • Alumna of the year
      • Alumnus of the year
      • Eagle O’ Fame Awards
      • Alumni Service Award
      • Rising Alumni Award
      • TFAA Criteria for Awards Selection
      • TFAA Special Recognition and Awards
    • History of TFAA
      • Alma Mater
      • Communications
      • Governance
      • Homecoming
      • Leadership and Government
      • Program Development
  • Alumni Dinners
    • Photos
    • Schedule
  • Alumni News
    • eNewsletter
    • Weddings
    • Births
    • Memorials
    • Alumni Spotlight
    • eDirectory
    • TFC Connections
    • School Newsletters
    • Share Your News
    • Photo Gallery
  • Giving
    • IGTAY
    • Ways to Give
      • Year End Giving
    • Donor Recognition Levels
    • Alumni Giving in Action
    • Online Giving
  • Hall of Fame
    • Armed Forces
    • Missionaries
  • Homecoming
    • Brochure
    • Homecoming Choir
    • Hotel Information
    • Schedule
    • Senior Class Reception
    • Share your Memories
  • Reports
Home Ways to Give
  • Contact
  • Comments
  • Contest
  • Staff

Giving

  • Alumni Giving in Action
    • Campus Work Day
    • Cora Houston Terrace Dorm
    • Louise Bell Houston Terrace Dorm
    • Special Projects
  • Ways to Give
    • Year End Giving
    • Matching Gifts
    • Online Giving
    • IGTAY
  • Donor Recognition
    • Alumni Giving Participation
  • Financial Stewardship


Stay Connected! Sign up for the Alumni eNewsletter



Year End Giving

Year End Gifts Brochure

The House passed the Emergency Economic Stabilization Act of 2008. That legislation included a tax extension for those who wish to make a charitable contribution. This becomes a win-win situation for you and for the non-profit organization of your choice, like Toccoa Falls College.

There were four principal areas that were included in this legislation which prompted President Bush to sign this.

1. Economic Bailout of Bad Debt. The Treasury Department was given the authority to spend up to $100 billion initially with the option of increasing that to $700 billion. The intent is to purchase debt securities and struggling major financial institutions at a discount. The second part of that is the increase FDIC insurance on all bank deposits from $100,000 to $250,000.

2. Tax Extenders. This section should be of particular importance to you. This allows IRA owners age 70-1/2 the option of rolling over up to $100,000 per year to public charities, such as Toccoa Falls College, tax free. This was extended through December 2008 and December 2009. This is especially useful for those who do not itemize. Because about 71% of taxpayers age 71 and over use the standard deduction, they can save taxes by making 2008 gifts from their IRAs and then taking a lower taxable required minimum distribution (RMD) from their IRA.

3. Energy Incentives. This act adds incentives for solar, wind, and other renewable energy methods.

4. Mental Health. This bill expands coverage of mental health conditions by placing them on the same level as other types of illnesses.

Please contact Sharon Sanderson, Director for Alumni and College Relations, at 706-886-6831, ext. 5210, if you would like more information concerning these and other gift planning ideas.



Download the End of Year Gifts Brochure

»
  • Add this
Toccoa Falls College Web Site


TFC History
Stay Connected! Sign up for the Alumni eNewsletter

TFAA is now on FacebookTFAA is now on Twitter
Home | Alumni Association | Alumni Dinners | Alumni eDirectory | Alumni Projects | Giving | Calendar of Events | Comments | Connections | Contact Us | E-mail Address Policy | eNewsletter | Hall of Fame | Homecoming | Nominate a New Board Member | Reports | Staff | Suggest a Special Alumni Project | TFC Online Bookstore | TFC History


Toccoa Falls Alumni Association, Alumni Office
P.O. Box 800809, Toccoa Falls, GA 30598
706-886-6831, Ext. 5222

© 2009 Toccoa Falls Alumni Association. All Rights Reserved.