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Giving Opportunities
Ways to Support the Foundation
at Monroe County Community College
Contributions to The Foundation at Monroe County Community College support programs and activities. They offer you opportunities to strengthen a vital community resource and possibly to save taxes. A well planned gift can help to achieve your financial and charitable objectives and to realize personal goals. Choosing the right plan for giving depends on your assets, needs, intentions, and age.
Pave the way to the best seats in the house!
- Take a Seat
 Now you have the opportunity to experience cultural presentations of all kinds from the best seat in the house - the one you provide through your targeted contribution to The Foundation at MCCC. Two donation levels are available and each seat will bear the inscription requested by the donor. Orchestra seats are available for $1000 and Theater Seats are available for $500.
- Buy a Brick
 Walkways to the new La-Z-Boy Center will incorporate customized bricks that honor people and events we all hold dear. When you purchase a brick paver, you'll provide another element of the facility's overall design and recognize someone special. Two sizes of brick installations are available — a 4" X 8" brick ($100) and an 8" X 8" brick ($400). Each brick will carry the inscription requested by the donor.
CASH
Cash gifts can provide The Foundation at Monroe County Community College with funds for current projects and/or future projects. They usually offer the greatest immediate tax savings. Gifts can be made as a memorial or tribute to an individual to honor a birthday, anniversary, or other special event. Acknowledgment is sent to the recipient or family on your behalf.
SECURITIES
Securities can be one of the most advantageous ways to make a gift. The value of the donation for tax purposes is the average market value on the date of the transfer to The Foundation at Monroe County Community College. Appreciated securities qualify for income tax deductions and capital gains savings.
GIFTS
MADE THROUGH YOUR WILL
A bequest in your will naming The Foundation at Monroe County Community College as a recipient of a portion of your estate may produce sizable savings to your heirs in income and estate taxes. You may designate a specific amount, such as $25,000 to endow a scholarship, or a percentage of your adjusted gross estate. Other options are to establish a trust with income retained for a beneficiary you name or to give a gift of income to The Foundation at Monroe County Community College with assets passing to your heirs after a specified time.
INSURANCE
A Life Insurance policy which has The Foundation at Monroe County Community College as the owner and beneficiary can be used as a vehicle to make a significant gift at a relatively low cost to the donor. For a policy that is paid up, your charitable contribution is the cash value of the policy. Premiums paid to The Foundation at Monroe County Community College on a gifted policy also qualify for deductions.
REAL ESTATE & PERSONAL PROPERTY
Tangible personal property such as art, books, or equipment related to Monroe County Community College's exempt purposes are fully tax deductible at fair market value. Real estate can provide for an immediate gift, fund a trust, or even arrange for a lifetime occupancy after making a gift.
LEAVE A LEGACY©
Leave A Legacy® is the public awareness campaign of the National Committee on Planned Giving. Leave A Legacy® programs across the country are educating the public about the benefits of leaving bequests to charity in wills and estate plans. Our local program is organized in conjunction with the Planned Giving Roundtable of Southeast Michigan. Visit their web site at http://www.monroe.lib.mi.us/about_us/leave_legacy.htm.
LIFE INCOME GIFT
WITH AN INCOME RETAINED
A life income gift allows a portion or the income from the investment to be paid back to you and your spouse (or other beneficiaries) regularly for a term of years or for the rest of your lives. After term or lifetime commitments to beneficiaries are satisfied, the principal becomes available for a program you may designate. Within certain limitations, you may decide what your annual payment will be, based on your need and the size of the asset you donate. The immediate income tax deduction is based on the size of the annual payment and the number and ages of beneficiaries.
GIFT
WITH AN INCOME TO THE FOUNDATION
Gifts generating an income to The Foundation at Monroe County Community College can provide significant income and estate tax benefits. Assets are placed in trust for a period of years, with a specified amount of income and estate tax benefits, and with a specified amount of income being paid to The Foundation at MCCC each year to enrich the College programs of your choice. Income earned through the trust and paid to The Foundation at MCCC is excluded from taxable income and produces a charitable deduction. YOUR NEXT STEP
At your request, The Foundation at Monroe County Community College staff are available to meet with you, your family and/or your financial and legal advisors to discuss the gift options and The Foundation at MCCC's gift acceptance policies. Contact The Foundation at MCCC at 1555 South Raisinville Road, Monroe, MI 48161-9746 or call (734) 384-4206.
The Foundation at Monroe County Community College assumes no responsibility for your giving plan. We recommend you seek advice from your legal and financial advisors.
The information on this web page is educational in nature. It is not meant to provide any advice on legal or tax related matters. It is recommended that personal financial or legal advisors be consulted regarding any of these matters.
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