Carroll Community College
http://www.carrollcc.edu
Ways to Make A Gift
There are a number of ways to contribute to the Carroll Community College Foundation and thus contribute to the vitality of Carroll Community College and the community it serves. Even the modest annual tuition charged by Carroll Community College is beyond the reach of many students without financial assistance. Books, childcare, and transportation all add to the total cost of financing an education. Scholarships are needed to guarantee that educational opportunities are within the reach of all Carroll Countians.
- Cash Donations
- Matching Gifts
- Stocks and Bonds
- Pledges
- Bequests
- Life Insurance
- Retirement Savings
- Planned Giving
- Gifts of Real Estate
Cash Donations
Gifts of cash are available for immediate use by our Foundation and are usually fully deductible for donors who itemize deductions. This means your actual out of pocket expense is less because of the allowable tax deduction. Checks should be made payable to the Carroll Community College Foundation. Payments are also accepted through all major credit cards.
Matching Gifts
Many businesses and corporations match the personal gifts to educational institutions made by their employees, board members, retirees, and their family members. Please check any organizations with which you and/or family members are affiliated to determine whether your gift may be matched, effectively doubling the power of your personal giving.
Stocks and Bonds
Gifts of appreciated mutual funds, stocks, and certain bonds may enable donors to contribute a larger gift at less cost. Transferring gifts of securities, stocks, and bonds to the Foundation is easy and can provide significant tax benefits through income tax deduction as well as elimination of capital gains taxes! Please instruct your broker to contact us to ensure that crediting of the gift is handled effectively and efficiently.
Pledges
Pledges provide a longer-term commitment over a designated period of time based upon an agreed upon schedule. Pledges cannot be claimed as a tax deduction until the gift is actually made. The Foundation Office administers all pledges, sending acknowledgments, receipts, and future reminders.
Bequests
Bequests through wills enable people to make significant contributions that might not be possible during their lifetime. You may include the Carroll Community College Foundation in your will by leaving a percentage of your estate, a specific dollar amount, or by naming the Foundation as residual beneficiary of your estate. Consult your attorney or other estate planning professional to ensure proper execution of your bequest. Communication with the Foundation’s Executive Director will ensure that we administer your gift consistently with your wishes.
Life Insurance
A gift of a life insurance policy provides a wonderful legacy to the college. Transfer actual ownership of a policy (perhaps one that is no longer needed for its original purpose) or buy a new policy for the college’s benefit. Consult with your insurance professional to learn of the types of insurance gifts that you can make.
Retirement Savings
You may name the Foundation as beneficiary of a portion of your retirement savings. Please contact your investment advisor for further details.
Planned Giving
Charitable Remainder Trusts and Charitable Lead Trusts are examples of planned giving vehicles that may be right for you. Such gifts provide a charitable donation, allow you to avoid capital gains taxes as well as many other benefits. Consult your tax professional to learn which choice may be right for you. Please contact our Executive Director for assistance.
Gifts of Real Estate
A gift of appreciated real estate can provide a charitable tax deduction and elimination of capital gains tax. The Foundation will liquidate gifts of real estate immediately. Please contact our Executive Director if you are considering this method of giving. You should also consult your tax advisor.
