For more than 100 years, Pennsylvania College of Technology has been empowering students to earn an applied technology education—one that leads to success in the global marketplace. Discover how you can invest in tomorrow's workforce while meeting your personal financial goals.
Make a significant commitment to help further our mission through a Bequest. Your gift may be a specific dollar amount, percentage of your estate, or the remainder of your estate after all provisions are specified.
To designate your commitment and ensure it is used according to your wishes in the future, please contact College Relations. If you previously named Pennsylvania College of Technology in your Will or trust, please also let us know as we wish to officially welcome you to the Pillar Society. If you prefer to remain anonymous, let us know and we will keep your gift in strict confidence.
You can designate that Penn College receives all, or a portion, of what remains in an IRA or in most qualified retirement plans, including 401(k) or 403(b). This gift precludes the amount distributed to Penn College from being subject to estate and income taxes.
You can choose Penn College as either the beneficiary or the owner of a life insurance policy that is no longer needed. While allowing you to make an investment in our mission you also can reduce estate taxes and, in many cases, receive a charitable income-tax deduction for the cash surrender value of the policy if the gift is made irrevocably.
A donor-advised fund (DAF) is established for the sole purpose of supporting non-profit organizations. You can contribute cash, stocks, or other assets in the fund and receive an immediate tax deduction. These funds are invested by the financial institution for tax-free growth, and you can recommend contributions to Penn College (and other charities) over time.
A donor-advised fund allows you to take advantage of immediate tax benefits with the ability to distribute the funds over time.
This gift allows donors 70 ½ years of age or older to contribute up to $111,000 from your IRA without paying income tax on the distribution.
Making your gift is simple! Contact your IRA custodian and ask that your distribution be a charitable rollover to the Penn College foundation. Ask them to include your name, address, and the designation of your gift in the transfer.
Under a new law effective in 2023, some donors can make a Qualified Charitable Distribution in exchange for a charitable gift annuity. There are some rules and limitations.
A minimum gift of $10,000 is required to establish a CGA with Penn College. Individuals who would like to establish a CGA with the College must be at least 55 years old, and they must be at least 60 years old to receive payment.
Through giving assets to a charitable gift annuity, donors receive a charitable tax deduction and fixed payments. Earnings in excess of payments are gifted to the College.
To learn more about life income gifts, contact Loni Kline, Senior Vice President/Chief Philanthropic Officer at 570.320.8020 or lnk6@pct.edu.
You can transfer appreciated stock from your account to the Penn College Foundation to receive an immediate charitable gift deduction and avoid long-term capital-gains taxes on appreciation in the value of the stock. Your gift can be used to support scholarships, academic programs, athletics teams, or priority projects to support Penn College and our students.
Special note: You should call or e-mail us to tell us of your intent, and we will be able to assist you with the details of the transfer.
M&T Bank Account Name: Pennsylvania College of Technology Foundation, Inc.
DTC Clearing Number: 0990
Agent Bank ID (DTC): 26668
Institution ID: 26385
M&T Bank Account Number: 2002982
Donor names are not always included on stock transfers that we receive. To ensure your gift is recorded correctly and designated correctly, please provide the following information to College Relations, as soon as you request a transfer with your broker, at collegerelations@pct.edu or (570) 320-8020.
The Pillar Society recognizes individuals who have demonstrated their commitment to Pennsylvania College of Technology by naming the college or the Penn College Foundation as the ultimate beneficiary of a planned gift.
* Penn College Employee (as of Aug. 1, 2024)
** Indicates that member is deceased.
Mike and Sue Wert have enjoyed a remarkable partnership since meeting in the eighth grade. Married for over 57 years, the retired couple has made a legacy commitment to unrestricted scholarships at Pennsylvania College of Technology. Mike Wert attended Penn College predecessor institutions Williamsport Technical Institute and Williamsport Area Community College, earning an associate degree in technical illustration in 1967. In this short interview, Mike and Sue discuss the impact of "Tech" on their lives and why they made the decision to support scholarships at Penn College.
Donor
Pillar Society Member, Terry Messer (Father of John J. Messer & contributor to the John J. Messer Memorial Scholarship).
Alumni , Donor
Pillar Society Members, John & Janice Urick share their passion for applied technology education.
Alumni , Donor
Pillar Society Member, David Stanley contributor to the William and Evelyn Scholarship.
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Event celebrates those whose gifts empower tomorrow’s workforce
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Those whose gifts help fuel Pennsylvania College of Technology’s mission were celebrated during Monday’s annual Donor Recognition Reception.
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