This method is attractive because a donation of cash that is postmarked prior to December 31, is allowed as an income tax deduction for that year.
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This gift offers the appeal of making a substantial deferred contribution, but the donor can take an immediate tax deduction equal to the "value" of the policy.
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Gifts such as books and works of art may be tax-deductible depending on the appraised value and how the College will use the gift.
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Commonly referred to as a Charitable Remainder Trust, this gift provides the donor with a lifetime income as well as an income tax-deduction. Examples of this form of giving includes the Charitable Remainder Annuity Trust and Charitable Remainder Unitrust. Consult your accountant or attorney if you are considering making a gift of this nature.
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An endowed gift is one in which the principal is never used. Only the interest from the initial donation is identified for a designated purpose. A goal of the CCC Foundation Board is to establish a secure endowment fund that will ensure long-term growth and stability for the College.
For more information, contact...
Stephanie Spencer
Executive Director of the Foundation
stephanie.spencer@clovis.edu
575.769.4956 |
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