Beneath Every Structure Is A Foundation!
Separate from Kalamazoo Valley Community College and governed by its own independent board of directors, the Kalamazoo Valley Community College Foundation was established in 1980 to enhance the educational opportunities and environment at KVCC. Established as a nonprofit 501(C)(3) corporation through which contributions can be made to both the college and Kalamazoo Valley Museum, the Foundation accepts and administers unrestricted contributions as well as those that can be designated for specific purposes such as student scholarships, the purchase of necessary equipment to improve instruction, the Museum, and construction of new facilities.
There are many ways to assist the Museum by giving to the KVCC Foundation. The most common is a cash gift, but other options can represent vast tax savings to the donor. Here are some of the available options:
Endowment Gift: A gift for endowment is an investment in a permanent fund that earns money for the college and museum every year thereafter. The endowment will award 5 percent of principal earnings annually. The principal from an endowment remains invested and the earnings are used to fund the yearly award.
Property Gift: A gift of property that has value but which is no longer needed by the donor.
Bequest: A statement in a will that provides a gift for the Foundation's endowment or to an unrestricted fund to perpetuate the donor's future interests.
Charitable Gift Annuity: The exchange of property for a guaranteed income for the rest of the donor's life and also provides tax benefits.
Charitable Remainder Unitrust: Places a donor's property into a trust where it will be tax-sheltered for growth, pays an annual income for life based on its growing value, and secures tax benefits.
Charitable Remainder Annuity Trust: Puts property into a trust, selects a fixed-dollar income for life, and secures tax benefits.
Charitable Lead Trust: Puts property into a trust that will pay income to the charity for a specified number of years after which the property is returned to the donor.
Insurance: The donation of an insurance policy that is no longer needed or that can be used to create a planned gift. This is as easy as changing the beneficiary to the Kalamazoo Valley Community College Foundation.
Gifts of Cash: The most common form of giving is cash. Its use is generally unrestricted unless otherwise designated.
Matching Gifts: Many companies have established matching-gift programs in support of education at KVCC. Through this type of giving, employers match the donations made by a current or retired employee, some even cover employee spouses. To find out more contact the company's Human Resource Department.
You can make a difference by giving!
For more information about any or all of these giving opportunities contact the KVCC Foundation office at (269)-372-5246 or a financial adviser or attorney.