Everyday, talented and deserving students take a first step
toward a new life by entering Polk Community College. Many of these
students could not pursue their dreams without the help of people
like you. Donations are invested in:
- Scholarships
- Recruiting and retaining outstanding faculty through our
Endowed Teaching Chair
program
- Technology to enhance the classroom experience
- New program initiatives that help PCC attain its world
class vision
Your contribution will transform lives through the power of a PCC
education.
Scholarship donations to the PCC Foundation will be matched
dollar for dollar through the State of Florida's Dr. Philip Benjamin
Matching Gift Program for community colleges. Additionally state
funding also provides dollar for dollar matching for facilities
contributions, and a $4 match for every $6 donates for technology
and facilities.
Gifts of Cash or Check
Gifts of cash are the simplest way to give and can be deducted
for income tax purposes in the year in which you contribute it.
Gifts of Securities
Marketable stocks or bonds are another way to contribute to the
PCC Foundation, Inc. By contributing securities, you not only can
deduct the fair market value of the security, but you can also avoid
paying capital gains tax on the appreciation.
Life Insurance
If you now own an existing life insurance policy that no longer
serves a purpose, you can assign ownership to the PCC Foundation,
which may entitle you to income tax deductions.
You can also name the Foundation as beneficiary on a current
policy or when purchasing a new policy.
Property
If you own property that is not subject to a mortgage and has
appreciated in value, giving the property to the PCC Foundation may
be an attractive option. You can claim an income tax deduction based
upon the fair market value of the property, avoid all capital gains
taxes, and remove that asset from your taxable estate.
Bequests
Giving through your will or living trust is a way of providing a
charitable gift to the PCC Foundation. It can include giving a
percentage of your estate, giving a fixed amount or giving whatever
property is remaining after all other bequests are distributed.
Charitable Gift Annuities
A Charitable Annuity is a gift of money, stocks or bonds that is
given to the PCC Foundation. The Foundation will pay you or a
beneficiary a fixed amount on a regular basis until death. A part of
this income is tax-free and you also receive a charitable deduction
for part of the gift.
Charitable Remainder Trusts
These are life income gifts. You transfer assets now to the PCC
Foundation and establish a trust. You receive a charitable deduction
and you or a beneficiary receive a lifetime income. Eventually the
remaining assets of the trust pass on to the PCC Foundation,
Inc. This plan can increase your current income and provide
significant tax savings as well.
For further information please contact
Tracy Porter, Executive Director at 863-292-3743 or via email at
tporter@polk.edu |