Carroll Community College

• Cash Donations
• Matching Gifts
• Stocks and Bonds
• Pledges
• Bequests
• Life Insurance
• Retirement Savings
• Planned Giving
• Gifts of Real Estate

Cash Donations

Cash gift are immediatly available for Foundations use, 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 can also be made online using all major credit cards.

Make a donation via credit card now

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 deductions, as well as eliminating 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 for 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 you can make.

Retirement Savings

You may name the Foundation as beneficiary of a portion of your retirement savings. Contact your investment advisor for further details.

Planned Giving

Charitable Remainder Trusts and Charitable Lead Trusts are examples of planned giving that may be right for you. Such gifts provide a charitable donation that allows 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. 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 liquidates gifts of real estate immediately. Contact our Executive Director if you are considering this method of giving. You should also consult your tax advisor.