Types of Gifts

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Types of Gifts

Help students achieve their dream


There are several opportunities available for individuals, organizations, or business to provide scholarship funds for deserving students at West Shore Community College.

Gifts you can make today

Cash
A check given to the WSCC Foundation allows the advantage of income tax savings.

Endowments
A resourceful way to assist future generations of students because once established, it is self-perpetuating.

Matching Gifts
Employers or service Organizations may sponsor matching gift programs that can double or triple a gift.


Gifts of Stock
Gifts of Stock allow the donor to give with little or no effect on current spendable income and receive significant tax benefits.


Personal Property
Tangible personal property may be deducted at the fair market value of the property without the payment of any tax appreciation.


Gifts you can make to be received later


Bequests
Give WSCC a specific amount, a percentage of your estate, or part of what remains after providing for loved ones.  A bequest can be added to an existing will with a codicil or amendment.

Life Insurance
Name the WSCC Foundation as the beneficiary of a life insurance policy or contribute a policy that is no longer needed.

Retirement Plans
Using retirement accounts could offer heirs significant tax savings.


Annuities and Trusts

Receive annual income for life through several options including, Charitable Gift Annuity, Charitable Remainder Trust, Pooled Income Fund and Charitable Lead Trust.


Though these are basic guidelines for gift giving, if you have further questions about charitable giving, consult a CPA to discuss these and additional tax-saving strategies.