Ways To GiveThere are a number of ways that a gift can be made to benefit MCC, including:
Cash GiftsGifts of cash can be put to use immediately if given for current operations. If gifts of cash are given for endowment, they can begin earning usable interest as soon as they are received. Checks should be made payable to the Manchester Community College Foundation. Gifts may also be made by credit card: American Express, Discover, MasterCard or Visa.
PledgesMulti-year pledges enable donors to meet their specific financial needs. By extending payments over time, donors may be able to increase the size of their gift. Typically, pledges are arranged for two to three years, but commitments beyond that timeframe may also be arranged.
SecuritiesThe benefit of a gift of appreciated securities is two-fold: it can be put to use immediately for the College and, for the donor, tax deductions may be possible. Often, the donor may deduct the full market value of appreciated securities if the stocks have been held for longer than six months.
Matching GiftsEach year, more than 1000 U.S companies match the philanthropic efforts of their employees, doubling or even tripling the impact of a single gift. A company's human resources office is the best source for information about corporate matching gift programs.
Real Estate/Personal PropertyA donor may choose to make a gift of tangible personal property such as art or antiques, rare books or coins, even stamps or jewelry. Real estate can also be deeded to the Foundation, often resulting in a sizable reduction in capital gains tax for the donor.
The College needs all manner of supplies, equipment or materials in order to operate. In consultation with the College, a donor can determine how this type of gift can best benefit academic programs.
The Annual Fund campaign raises money to ensure quality support and programming, and guarantee that the educational opportunities at MCC are available for future generations of students.
Bricks and Seat Plaques
Naming opportunities support the MCC Foundation Scholarship fund. Celebrate a graduation or anniversary, commemorate a birth or wedding, or memorialize a loved one. As a qualified gift to endowment, it will be matched up to 50% by the State of Connecticut. Engraved bricks are placed in the William R. Johnson Library Garden and seat plaques are placed in the SBM Charitable Foundation, Inc. Auditorium.
Support for student scholarships is a way to ensure that every student who wants to study at MCC is offered an opportunity. Scholarships may be funded annually or endowed.
Annual Fundraising Events
An Evening of Fine Wines is the premier social event sponsored by the MCC Foundation. The evening includes a live auction, a silent auction, wine tasting and fabulous food. Proceeds will support scholarships and support for college programs.
Life InsuranceA donor may make a gift of life insurance for the College simply by designating the MCC Foundation as the beneficiary.
BequestsBequests provide a lasting legacy for the College. By recognizing MCC in a will or other instrument, a donor may insure that his or her philanthropic intentions are well met. Such a gift can benefit the donor's estate, as well, often providing a charitable tax deduction while reducing the size of the taxable estate.
Other Deferred GiftsCharitable annuities and trusts are important ways that a donor can ensure that MCC best benefits from his or her gifts. Because of the complexity of these vehicles, it is recommended that the donor's attorney or financial planner consult with the MCC Foundation before executing such instruments.
All gifts to the Manchester Community College Foundation are tax-deductible within certain limits provided by law. Donors should consult a tax advisor or financial planner regarding the tax advantages of their gifts.
For additional information, contact: Endia DeCordova