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Giving to the Foundation

Charitable Giving and the Foundation’s Tax-Exempt Status:
We Are a “501(c)(3)” Not-for-Profit Corporation

A charitable contribution is a donation or gift to an organization that has been “qualified” by the IRS to be tax-exempt. According to IRS publication 526, “Charitable Contributions” (available from the IRS Web site at http://www.irs.gov), such contributions are voluntary and are made without getting, or expecting to get, anything of equal value. Donors are motivated by their desire to help others.

The government encourages and supports charitable giving by offering tax incentives to donors who contribute to charities. The Pellissippi State Technical Community College Foundation is qualified to receive deductible contributions. We are a not-for-profit, tax-exempt 501(c)(3) corporation chartered in Tennessee since 1983. The Foundation is listed in IRS Publication 78, which is a cumulative list of organizations that are eligible to receive tax-deductible charitable contributions. Click here for our tax number.

You can make a difference in your community, through your support of students and the College—and you can receive a tax benefit for your gift to the full extent of the law. (Under current tax law, people who do not itemize on their federal income taxes are not able to deduct gifts. Many generous supporters of the Foundation are probably in this category, since it is estimated that two-thirds of all taxpayers do not itemize deductions.)

To our Donors: Your gift to the Pellissippi Foundation will impact your financial situation. This Web site does not provide legal or financial advice. Consult your attorney, tax adviser, and the Foundation before making or planning a gift.

Back to Giving to the Foundation.