Susan Bulkeley Butler Center for Campus Life
Join the celebration by watching the dedication video and taking a tour of the new space.
A campus center is the heartbeat of a college campus, serving students, faculty, staff, alumnae and visitors. Thanks to the generous gifts from alumnae, P.E.O.s, BILS and friends to the CONNECT initiative the creation of a campus center is now a reality! The Susan Bulkeley Butler Center for Campus Life was dedicated on the birthdate of our founder, Virginia Alice Cottey, March 27, 2021, and has been a flurry of activity ever since!
In addition to amenities and conveniences, the Center for Campus Life provides a central gathering place for the campus community and its visitors to get to know each other—a place to connect.
The Center for Campus Life features:
- Gathering, studying, meeting and dining space for students, faculty, staff and visitors.
- The Cottey Spirit Shop.
- The Chellie Club, a coffee and snack bar.
- Lockers for Cottey’s growing commuter population.
- New campus meeting spaces.
- Outdoor terraces with multiple spaces for seating and an amphitheater.
In addition to the Center for Campus Life, the upper level of the Chapel has been revitalized and the entire facility is now air-conditioned.
Though the center has opened its doors, the CONNECT initiative is not complete. Funds are still being raised to ensure this beautiful new space remains so, by creating an endowed fund for maintenance. If you would like to be a part of finishing this initiative by making a gift, click here. Naming opportunities are still available, the deadline to receive gifts and engraving information is December 15 to be included in the next installation scheduled for March 2022.
FUNDING THE PROJECT
As a student-focused institution, we are committed to directing all tuition and fees paid by students into their education. Therefore, campus improvements are made possible by the generous support of Cottey alumnae, the P.E.O. Sisterhood, BILs and friends of the College.
WAYS OF GIVING
There are a variety of ways to make a contribution to Cottey, and, while cash gifts are the most popular, other methods are available that may address a donor’s interest in supporting this initiative and also provide additional tax benefits. Some may actually allow you to make a larger gift at a lower cost and receive unexpected benefits for you and your family.
- Many companies encourage charitable giving by offering 1:1 match gifts and some extend this opportunity to retirees.
- Some corporations have announced new incentives for charitable gifts. Apple, Caterpillar, and Pepsi Co are among the companies that have increased their match to a 2:1, and United Heath has increased their maximum match to $5,000
Contributions to Cottey College are tax-deductible in the United States and there are new tax advantages to giving as a result of the CARES act.
- Taxpayers may take a deduction for up to $300 in charitable contributions even if they don’t itemize on their 2020 tax form. This is a change from the previous rule that required itemization for a tax break.
- For taxpayers who itemize, there is no limit to the deductions you can take for gifts to charitable organizations. Previously, these deductions were limited to a maximum of 60% of your adjusted gross income (AGI). Under the new guidelines, 100% of your donation is now tax deductible, meaning if your AGI is $100,000 in 2020 and you give $100,000 to qualified organizations in 2020, you won’t have to pay taxes on your income.
- You can also donate more than 100% of your annual gross income, but it won’t all be counted in 2020. As an example, a taxpayer who had $100,000 AGI and made a $300,000 contribution in previous years would have had the income tax deduction limited to $60,000. For this year only, the CARES Act allows a charitable contribution deduction of $100,000. That would still leave a $200,000 charitable contribution carry forward (subject to the 60% of AGI limit) in the subsequent five tax years.
- The AGI limit for cash contributions was also increased for corporate donors. Corporations can now deduct up to 25 percent of taxable income (increased from 10 percent).
Gifts of Stock
- Appreciated Stock – stocks that have gained value may be donated to the College, thus avoiding capital gains taxes with the full fair market value of the stock eligible for deduction subject to AGI as described above.
- Depreciated Stock – stock that has lost value may be sold with a deduction taken for the loss and a second deduction taken for the gift when the proceeds of the sale are donated to Cottey.
Donor Advised Funds
Individuals who have established a donor advised fund at a sponsoring organization (either a public charity, such as a community foundation, or a financial services firm) have set aside these funds specifically for charitable purposes. They have already received a tax deduction and relinquished control of the funds, but they can request that all or a portion of these funds be directed to Cottey.
As always, donors are strongly encouraged to talk with their financial advisor or tax professional for guidance in their tax preparation.
Contact Christi Ellis, associate vice president of institutional advancement, to learn more about this project at 417-667-8181 ext. 2120 or email her at email@example.com.
You also may make a gift immediately online, or mail a check to Cottey College, 1000 W. Austin, Nevada, MO 64772.
“Never before has there been such a generation of young people so fitted for leadership, so willing to undertake an achievement as at the present time. What they shall accomplish depends largely upon the guidance they shall receive during their college life. Is there not then an important work for our College to do?”
Virginia Alice Cottey Stockard