Cash, checks, and credit cards are the most common ways of contributing and are always acceptable. All checks should be made payable to the UC Foundation with the memo line reading UTC Mocs Club. Gifts made to the UC Foundation are tax deductible as a charitable contribution. In most cases, the IRS has determined that gifts made to the UTC Mocs Club are 80% tax deductible if the donor receives some benefit in exchange from the gift. You may however, request or decline any or all benefits associated with UTC Mocs Club membership and therefore your gift would be 100% tax deductible. The UTC Mocs Club also accepts gifts via Visa and MasterCard or an automatic deduction plan.
Many companies and organizations provide matching gift programs for employee benefits. Ask your human resource office about your employees matching gift program and watch as your gift grows to the UTC Mocs Club! Enclose the matching gift form from your Human Resources Office along with your current Mocs Club gift to increase your contribution and benefits level.
Important Note: If you plan on using your companies matching gift program toward your minimum required gift, the matching gift must be received in full by December 31 of each year. Please be aware that matching gift programs require a considerable amount of time for processing and verification.
GIFTS IN KIND
A gift of goods replacing cash gifts can also be made to the Mocs Club. In most cases, the UTC Mocs Club donor benefits at the corresponding giving levels are extended in exchange for the gifts-in-kind or pledge.
Important Note: All gifts-in-kind must be approved by the UTC Athletics Development office before UTC Mocs Club benefits can be awarded. These goods must be meaningful and provide budget relief to the UTC Department of Athletics
Gifts of appreciated securities (stocks, bonds, mutual funds, etc.) can help you avoid capital gains taxes, while providing UTC Athletics with a generous gift.
OTHER METHODS OF SUPPORT
Gifts to the UTC Mocs Club may also take other forms including real estate, personal property, and planned gifts (endowments, life insurance policy, bequests, trusts, annuities, and securities). Please contact the UTC Development Office (Hyperlink) for further details and information.
For more information please contact The UTC Mocs Club.