When considering offering your support to the College, you should know that gifts are tax-deductible to the extent allowed by law. Gifts of appreciated property such as stock, artwork, antiques and real estate have the added advantage of providing a charitable deduction at fair market value without any associated capital gains tax, gift tax, or estate tax concerns. Gifts may be contributed as:
- Cash or Check
- Property (personal or real estate)
- Bequests through your will
- Life insurance
Donors can create a fund within the Foundation for a specific purpose or as an unrestricted direct or deferred gift. A $40,000 contribution will create a scholarship endowment to provide permanent tuition assistance to Salem Community College students.
Additional gifting options include Charitable Remainder Trusts (CRT) and Charitable Lead Trusts (CLT). A Charitable Remainder Trust is a very effective way to give appreciated property to the College and receive annual income. For example, a donor who gives non-dividend paying stock (1) receives an income tax deduction for the present value of the donation, (2) removes the property from his or her estate without paying a gift tax, and (3) converts a non-dividend paying stock into a current income stream. A Charitable Lead Trust allows you to give money to the College and provide for your heirs at the same time. The College receives annual payments during the life of the trust and your heirs receive the assets remaining at the end of the trust term. The primary advantage of the Charitable Lead Trusts is that the donor should be able to avoid paying gift tax on the heirs' portion yet still receives a current income tax deduction for the charitable contribution.
Naming opportunities exist for donor consideration at differing levels throughout the Salem Community College campus. Naming opportunities offer individuals and corporations the alternative of investing in the renovation of a current facility or even in the construction of a new structure. Named gifts may include cash pledges as well as other bequests, and allow the donor or another individual to be recognized in a special way. Information regarding investment opportunities specific to a Salem Community College facility may be obtained by contacting the Executive Director of the Foundation.
Gifts may be dedicated to the Foundation in memory of an individual. Memorial gifts can enhance an existing endowment or be dedicated to the creation of a new one.
GIFTS IN KIND
Individuals are most welcome to donate goods or services in support of the overall institution, a specific program, or for students. Donors who would like to pursue this alternative should contact the Foundation's Executive Director at (856) 351-2644 or email email@example.com.
The Salem Community College Foundation offers a variety of sponsorship opportunities to private and corporate donors in support of fundraising initiatives, cultural events, athletic events, community events, academic programs, or other special events of the Foundation.
STOCKS, BONDS & REAL ESTATE
Gifts of stocks, bonds, and real estate proceeds are gratefully accepted by the Foundation to support existing endowment funds, to establish a new endowment, or to provide capital support. For specific details on these types of contributions, please contact the Executive Director at (856) 351-2602 or email firstname.lastname@example.org.
CORPORATE MATCHING GIFTS
Many donors to the Salem Community College Foundation are employed by corporations that match their employees' non-profit donations. In many instances, this can double or triple your donation, thus having a major impact on the College and the community. Donors interested in this opportunity are encouraged to contact or visit their company's personnel office to obtain information about the corporation's policies and procedures.
Salem Community College strives to meet the challenge of responding to the constant changes in technology. The Foundation welcomes gifts such as advanced technology equipment, software, and equipment related to the arts and artistic expression.
ESTATE PLANNING & PLANNED GIVING
A donor may choose to contribute a portion of his/her estate to the College through the Foundation. SCCF warmly accepts direct unrestricted or special purpose donations of this nature. For many people planned or deferred gifts, such as wills or charitable trusts, are a more meaningful and comfortable means to make a major impact for the community. Please contact the Foundation's Executive Director to discuss the many options for making a meaningful gift to the College that lead to a major tax advantage for you, your family, and your heirs. Some options include:
- Wills & Bequests – Perhaps the easiest way to make a major impact.
- Charitable Remainder Trusts – Receive a partial tax deduction for a current gift and earn income from your gift for the rest of your life.
- Insurance Policies – The College becomes the owner and beneficiary of an existing policy, while you receive an immediate tax deduction for its cash value.