Ways of Giving
There are many ways to make a gift to the LCC Foundation. The most common is
a cash gift, but other options can also represent significant tax savings to the
donor. All gifts to the Foundation are acknowledged with a thank you letter
which also serves as a tax deduction receipt.
Gifts
Gifts can be made to the LCC Foundation at any time.
Send your check or money order made payable to the LCC Foundation:
LCC Foundation
P.O. Box 40010 MC8021
Lansing, MI 48901-7210
Recognition Levels
View the levels of giving to see how you can become a member of LCC Foundation's honor roll of donors!
Matching Gifts
With matching gifts you can sometimes double or even triple your gift!
Many employers sponsor matching gift programs and will match charitable
contributions made by their employees. To find out if your company has a
matching gift policy click the link above.
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 significant 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.
Areas of Support
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
"Reach high, for stars lie hidden in your soul. Dream deep, for every dream
precedes the goal." Pamela Starr
The Opportunity Fund allows the Foundation to help make those dreams come
true. The Opportunity fund helps the Foundation meet the day to day needs of
students searching for ways to afford a college education. It helps College
programs remain available for all students and it supports faculty development.
The opportunity fund also helps the Foundation meet day-to-day needs in
advancing our core mission.
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.
