Giving to the PSC Foundation

Every day, talented and deserving students take a first step toward a new life by entering Polk State 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 PSC attain its world class vision

Your contribution will transform lives through the power of a PSC education.

Scholarship donations to the PSC Foundation will be matched dollar-for-dollar through the State of Florida's Dr. Philip Benjamin Matching Gift Program for community colleges. State funding also provides dollar-for-dollar matching for facilities contributions, and a $4 match for every $6 donated 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 the year in which you contribute.

Gifts of Securities

Marketable stocks or bonds are another way to contribute to the PSC 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 PSC 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 PSC 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 PSC 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 PSC 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 PSC Foundation and establish a trust. You receive a charitable deduction and you or a beneficiary receives a lifetime income. Eventually the remaining assets of the trust pass on to the PSC 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.