.
Ways to Give
|
» In-Kind |
There
are many ways to contribute to the American River College Foundation,
and contributions are tax-deductible to the extent allowed by law.
Endowments
An endowment essentially is an income-generating account, whose principal is untouched. Endowment income helps bridge the gap between all institutions financial needs and students' and taxpayers' ability to finance those needs. Click here for more information.
In-Kind
Gifts of property for use by the college are called in-kind
donations. Click here for more information.
Cash gifts are outright gifts of checks, money orders and credit cards. If mailed at the end of the year, they will enable those who itemize to take an income tax deduction for that year.
The Foundation accepts MasterCard, VISA and Bankcards. For assistance with making a gift by credit card, visit or call the Foundation office at (916) 484-8174.
Cash contributions through the foundation are immediately available
to the college for vital programs and projects.
Annual giving represents the foundation of support for the college through annual gifts received from alumni, parents, and friends. Annual gifts, or unrestricted gifts, are the backbone of public and private colleges. At ARC, annual gifts provide ongoing support for departments and programs.
There are several ways to give an annual gift to the college. A
"yes" to the Annual Fund letter is one of the easiest. Another
way is to send a check made out to American River College
Foundation, with a notation on the memo line for "Annual Giving."
A bequest is a very simple and uncomplicated way to help provide for
the future of American River College students. A bequest may be
of a specific sum, a percentage, or the residue of an estate, and may
consist of cash, securities, insurance proceeds, real estate, and/or
personal property. A bequest may be made through a will or by a
living trust, and should be directed the American River College
Foundation.
This is a contract between a nonprofit agency and a donor, in which
the donor contributes cash or securities of $5,000 or more in return for
a guaranteed, fixed income for life. The donor receives fixed
income for life, a tax deduction, tax free income, and the personal
satisfaction from making a gift of lasting significance.
A gift for ARC today - a gift for your heirs tomorrow. This provides income - either a percentage or a specified amount to
the American River College Foundation for a specific number of
years. At the termination of this period, the principal is
returned to the donor or others whom the donor designated. Under
one type of charitable lead trust, the donor includes the income in his
or her taxable income, but is entitled to a deduction, if he or she
itemizes, of the amount of income paid to the Foundation that year.
Charitable remainder trusts offer a way to donate property and still retain an income source. When you make a gift through a charitable remainder trust, you donate assets to a trust, naming American River College as the trust recipient. The trust will then pay you income for life or for the joint lives of you and your spouse. After your death, or the death of your surviving spouse, the assets within the trust are distributed to the American River College Foundation. This type of trust can offer great flexibility in meeting individual income and estate planning needs. Your income from the trust may be a fixed amount (known as charitable remainder annuity trusts) or a percentage of the trust assets or income (known as charitable remainder unitrusts).
Some advantages of the charitable remainder trust are:
- If you fund the trust with appreciated property, you will recognize no capital gain on the appreciation, and the trust will be funded with the fair market value of the gifted asset.
- You may designate anyone alive at the time of creation of the trust, including yourself and your spouse, as income beneficiary(ies).
- The trust itself is not taxed
- The burden of investment and management decisions regarding the corpus of the trust is removed.
- If the trust is funded with cash or tax-exempt securities, the trustee can purchase or retain such securities to produce tax-exempt income for the donor and/or other beneficiaries.
- The asset is essentially removed from the donor's estate, which may create additional tax benefits.
Corporations will often match gifts made by employees. More
than 1,000 companies in the U.S. have adopted corporate matching gift
programs. Please consult your company's personnel or community
relations department for guidelines.
Giving a new or existing life insurance policy may provide a
charitable income tax deduction when you name the American River College
Foundation as beneficiary and owner of the policy. You may receive
an income tax deduction for the present value of the policy and/or
the future premium you pay.
Often, donations to the ARC Foundation are made in the memory of a
recently-deceased student, faculty, staff, or community member. In
most cases, the family of the deceased person requests that
contributions be used for a specific use.
Real Property includes all gifts of real estate. In considering
whether to accept the gift, the Foundation weighs its potential value to
the College and determines whether a management plan can be implemented
to maximize potential. In most instances, such a property will be
sold; in other cases, it is to be kept as an investment. Many of
the tax advantages which apply to gift appreciated securities also apply
to gifts of appreciated real property.
Your appreciated stocks and bonds will help you avoid paying capital gains taxes. WHen giving a gift of stock to the ARC Foundation, there are three different scenarios:
1) Long-term appreciated securities are those which have been owned for more than one year, and have increased in value. If you itemize deductions this would entitle you to a federal income tax deduction for the full fair market value of the securities on the date of the gift, up to a maximum deduction of 30% of adjusted gross income for the year.
2) Short-term securities are those held for less than one year. If you itemize, you will be entitled to a federal income tax deduction for only the purchase price of the securities.
3) Depreciated securities are those which have declined in value since purchased. The Foundation suggests that the donors sell them, take the tax loss, and the cash proceeds. This will provide the maximum tax benefits from the gift.
Contact us to learn how to wire stock or transfer stock certificates to the ARC Foundation.
Further questions? Contact the ARC Foundation office at (916) 484-8174, or e-mail Executive Director Kirsten DuBray at DuBrayK@arc.losrios.edu
Community Relations Office
4700 College Oak Drive
Sacramento, CA 95841
(916) 484-8174
Los Rios Community College District