Gifts

  Gift form to print and send with your donation
 

Recognition Levels

View the levels of giving to see how you can become a member of LCC Foundation's honor roll of donors!

Honor / Memorial Tribute Gifts

A gift to the LCC Foundation is a meaningful, special way to honor a friend or loved one (birthdays, anniversaries, retirement or other special occasions). Honor or memorial gifts can be contributed to the area of greatest need, or be designated to an established program or scholarship. All gifts are acknowledged to the donors and to the person being honored. Acknowledgments are sent to the family when memorial gifts are made.

Bequests

You can include the Lansing community College Foundation in your will or trust, including living trusts and charitable remainder trusts. We recommend these provisions be discussed with your attorney and tax advisor. A gift included in your will or living trust can establish a lasting legacy of your lifetime.

Charitable Remainder Unitrust

A charitable remainder trust provides the flexibility to designate a deductible gift to the LCC Foundation today, while the donor receives an income stream during your lifetime. Gifts that provide an income can be a tax effective way to provide you with regular payments for life or another period of time.

Life Insurance

You can name the LCC Foundation as the beneficiary of your life insurance policy in full or in part. A gift of whole life insurance can be made to the LCC Foundation by naming the Foundation as the irrevocable owner and beneficiary of the policy. Depending on the type of policy, the donor may be required to make charitable contributions to the Foundation in the amount of any premiums. The donor receives a tax deduction immediately, equal to the cash surrender value of the policy in many cases. All premium payments made following the initial gift may also be deductible.

Securities/Stocks

Contributions of appreciated securities are popular to people who have had the stocks for a long period o time and the capital gains would take a significiant portion of the value if they were liquidated. Direct taxation of the appreciation is avoided for income tax purposes.

Real Estate/Tangible Personal Property

A variety of personal assets may be used to establish a fund. The Foundation is responsible for turning the asset into cash. All gifts of real estate must be approved by the Foundation Board of Directors.

Retirement Plans

A gift of excess retirement funds, such as pension plans or Individual Retirement Accounts (IRAs) may allow you to give more while eliminating taxes that may otherwise largely deplete the assets.

Matching Gifts

More than 1,000 companies have established matching gift programs in support of education at Lansing Community College. Through this type of giving, employers match the donations made by a current or retired employee; some even match gifts made by employee spouses.

  List of matching companies

Endowment Gift

A gift for endowment is an investment in a permanent fund that earns money for the Foundation year after year. The principal from an endowed fund with a minimum of $25,000 will, after two years, have an award base of approximately $1,250. Please call the Foundation office to discuss naming opportunities for your endowment fund gift.

Opportunity Fund

Designated Scholarship Gifts

The Foundations hosts over 150 designated scholarship funds all created for specific purposes or criteria established by the donor. To create a named designated scholarship fund, the Foundation recommends a minimum $1,500 a year for a period of 3 years. Donors may suggest criteria for their named scholarship fund.