Frequently Asked Questions
Why are gifts needed?
The State Technical College of Missouri has always been a very resourceful college and maintains a reputation as an organization that makes every dollar stretch in order to accomplish its mission. However, traditional sources of revenue will not support the ever increasing costs associated with providing technical education.
As a state public college, why does the State Technical College of Missouri need to raise private funds?
The college is state-assisted, not state-supported. State assistance accounts for only about 22% of the college’s total operating revenue. The college has certainly benefited by the assistance it has received since becoming a member of Missouri’s state higher education system in 1996, but it cannot make the necessary investments for capital projects, new technology, equipment enhancements and student scholarships without private financial support.
Why not raise tuition and fees?
Tuition and fees account for only 32% of the college’s total operating revenue. Although tuition and fees are increased periodically it cannot cover the entire cost to educate a student. Private financial support is needed in addition to tuition and fees.
Does the State Technical College of Missouri receive local property tax revenue like public two-year community colleges in Missouri?
No, the State Technical College of Missouri is unlike a community college in that it is a special purpose, public two-year state technical college. Its service area encompasses the entire state of Missouri and it receives funding in the same manner as four-year state universities. It does not have a local taxing district as an additional source of public support.
How will the gifts made to the Foundation for the State Technical College of Missouri be used by the college?
Investment through gifts made to the Foundation for State Technical College of Missouri will allow for the expansion of college facilities, the enhancement of academic programs, and the establishment of a strong endowment to provide for students in financial need.
Can my gift be designated for a specific purpose?
Unrestricted cash gifts are always appreciated and allow the college to direct funds to areas of greatest need. A gift made to the campaign can be designated to one or more of the areas designated – capital, equipment enhancements or endowment. Individuals wanting to direct gifts out of personal interest toward a specific project not outlined by the campaign may work directly with the Foundation for State Technical College about other funding opportunities.
Are there opportunities for named or memorial gifts?
Many opportunities are available for investors to make named gifts or gifts “in memory” or “in honor” of a loved one. Investors interested in these kinds of gifts can contact the Foundation for State Technical College of Missouri.
Does the Foundation for State Technical College of Missouri want only cash donations?
No, the Foundation for State Technical College encourages individuals to give serious consideration to non-cash gifts such as annuities, stocks, bonds, land, real estate, trusts, retirement funds no longer needed, in-kind gifts of equipment, etc. Other options may include planned gifts through a will, life insurance, or the creation of a trust. We urge investors to discuss these gifts with their tax, financial and legal advisors and with the Foundation for State Technical College to determine the kind of gift that will best suit their personal circumstances and be of maximum benefit to the State Technical College of Missouri.
Is my contribution tax-deductible?
Yes, your contribution is tax-deductible. All contributions are directed to the Foundation for State Technical College of Missouri. The Foundation is a tax-exempt, nonprofit corporation that maintains 501(c)3 status. The Foundation was established in 1983 for the purpose of raising money to assist the college and its students. Gifts to the Foundation are considered tax-deductible as a charitable contribution.
How will donors be recognized?
All donors are recognized in the annual President’s Report. Giving levels have been established and donors at each level are appropriately recognized. Named endowment funds provide a perpetual recognition opportunity. For personal reasons, you may wish your gift to remain anonymous. We will honor your wishes; however we encourage you to accept the appropriate recognition. This helps other investors to know the variety of individuals and organizations committed to helping the State Technical College of Missouri.