Steps In Establishing A Scholarship or Contributing to
Another Gift Fund Through the SCC Foundation
Thank you for thinking of the
Southeastern Community College Foundation!
To develop the specifications for your tax deductible gift, please
answer the questions below and return it to:
SCC Foundation,
For additional information or to
request The Gift of Education, A Guide to Creative Planned Giving
Arrangements,
please call me at 319-752-2731 or
1-866-722-4692, ext. 5065, or 319-208-5065or send e-mail to
Thanks. I look forward to working with you! -
With gifts to the SCC
Foundation, you will also establish membership in one of the following
donor groups: Cumulative
Gift Societies Annual
Gift Clubs Hall of Fame "Eagle" (cum.
$1,000,000+)* Benefactor
($1,000+/yr.) Hall of Fame "Gold" (cum. $100,000+)* Sustainer
($500+/ yr.) Hall of Fame (cum. $10,000+)* Patron ($250+/ yr.) The President's Club (cum. $5,000+)* Supporter ($100+/ yr.) Friend (up to $99) *REFER TO THE BACK SIDE OF
THIS SHEET FOR DETAILS* *Listed on plaques at Matching gifts from employers qualify at all levels. Gifts are listed in the College Annual
Report.
a. Name of
Donor(s):_______________________________________________ Phone/FAX:___________________________________
Address:____________________________________________________ City, State, Zip
____________________________________
Signature____________________________________________________________
Date:____________________________________
b. If you wish to NAME a scholarship, room, wing or building (for example, in
honor of living persons, in memory of persons who have died, for organizations,
for events, and for graduating classes), you must meet the following minimum
requirements: To NAME an ENDOWED
Scholarship = $5,000; to NAME a RESTRICTED Scholarship = An initial
gift of $500 and a pledge to contribute at least $500 per year
for another five years; for a RESTRICTED Room, Wing or Building Gift =
min. 25% of the total room, wing or building cost. NAME of Scholarship, Room, Wing or
Building:
_________________________________________
_____________________________________________________________________________________________________________
c. Do you wish to ENDOW the gift fund?
____YES ____NO ("Endow" means that SCC will invest
the gift so that investment earnings will generate funding to accomplish the
stated purpose. Additional gifts may be
added at any time.). Requires min. initial
gift of $5,000. Annual awards
are prorated by account at 4% of the rolling quarterly 3-year average fund
balance as of March 31. As long as the endowment has earned an amount equal to
at least 5% of the rolling quarterly 3-year average fund balance, another ½ of
1% helps fund SCCF operations. The balance of any earnings remains invested to
help grow the fund principal. Persons
establishing an Endowment receive an annual account summary.
d. Do you wish to RESTRICT the gift fund?
____YES ____NO ("Restrict" means that the gift or
a portion of this and any future gifts will be expended for the purpose stated
until such time as the account has a $0 fund balance. Additional gifts can be added to the account
at any time to extend the life of the scholarship, gift or award. Although funds are invested short term,
earnings do not accrue to this Restricted account, but to the Foundation to
help defray operations expenses.) Donor
can create a "named" restricted scholarship with a pledge to
contribute a minimum of $500 each year for five years. The fund can be converted to an Endowed
Account when requirements for such are met (see c. above.) Major donors to
Restricted accounts receive an annual account summary eff. Feb. 2006.
e.
GIFTS OF ALL SIZES ARE ALWAYS
WELCOME. You may also choose to donate to
one or more EXISTING
scholarship, program or facilities funds: General Endowment Fund
_____ Arts & Sciences _____ Specific Career Scholarship______________
Instructional Program
Improvements (e.g., Instructional Equipment, Curricular Improvements, Faculty
Development) ______
Facilities Improvements: Room(s)
_______ Wing(s) _______ Building(s)
_______
Please specify:
_________________________________________________________________________________ Note: Naming opportunities exist for gifts
equaling at least 25% of the cost of construction.
f.
The
dollar amount of this initial contribution: $_______________________ My employer will match my gift? _____YES _____NO
1.
Name of
Employer ______________________________________
2. Address: ____________________________________
Matching Gift form completed and
attached: _____YES _____NO
g. If you are PLEDGING additional gifts, the Pledge Amount and
Duration: I/We pledge to contribute
$____________ each _________ (month or year) starting
______________________________________ (date) and ending
_________________________________ (date).
I request an invoice be mailed to me by (date) ______________________
each year.
h. Scholarships may be
established to cover all or a portion of tuition and book fees. You
may indicate desired eligibility preferences. (Note:
The SCC Foundation does not discriminate on the basis of age, ancestry,
color, ethnicity, gender, marital status, national origin, physical disability,
race, religious creed, or sexual orientation.
Also, the more restrictive you make it, the more difficult it is to find
eligible applicants.) Do you wish to
assist students who have:
(1) Graduated from a specific High School? _____YES _____NO
If YES, name high school(s):
______________________________
(2) Demonstrated financial need? _____YES _____NO
(3) Specific educational and/or career intentions? _____YES
_____NO If YES, please
elaborate (e.g., Nurse, Engineer, etc.) _______________________________________________________________________________________________________
(4)
Demonstrated academic ability or achievements?
_____YES _____NO
(5)
Demonstrated residency in a certain geographic area? _____YES
_____NO If YES, indicate locale:
_______________________
Note: Tuition cost for 2006/2007 is $102 per credit
hour. Tuition for 1 year of 30 credit hours @ $102 per credit hour is
$3,060 for an
With gifts to the SCC Foundation, you will also be
establishing membership in one of the following donor groups:
CUMULATIVE
Hall of Fame
"Eagle"
($1,000,000+ cum.)*
(a) Provide a Direct Gift or Gift of Real Estate worth at
least $1,000,000; or
(b) Pledge to contribute at least $1,000,000 at a rate of
not less than $100,000 per year for 10 years; or
(c) Arrange for a Deferred Gift of at least $2,500,000;
or
(d) Agree to make an Annual Gift of at least $50,000 each
year for 10 years and arrange for a Deferred Gift of at least
$1,500,000.
Hall of Fame
"Gold"
($100,000+ cum.)* – To qualify, you must:
(a) Provide a Direct Gift or Gift of Real Estate worth at
least $100,000; or
(b) Pledge to contribute at least $100,000 at a rate of
not less than $10,000 per year for 10 years; or
(c) Arrange for a Deferred Gift of at least $250,000; or
(d) Agree to make an Annual Gift of at least $5,000 each
year for 10 years and arrange for a Deferred Gift of at least
$150,000.
Hall of Fame ($10,000+ cum.)* – To qualify,
you must:
(a) Provide a Direct Gift or Gift of Real Estate worth at
least $10,000; or
(b) Pledge to contribute at least $10,000 at a rate of
not less than $1,000 per year for 10 years; or
(c) Arrange for a Deferred Gift of at least $25,000; or
(d)Agree to make an Annual Gift of at least $500 each
year for 10 years and arrange for a Deferred Gift of at least
$15,000.
The President's
Club ($5,000+
cum.)* – To qualify, you must:
(a) Provide a Direct Gift or Gift of Real Estate worth at
least $5,000; or
(b) Pledge to contribute at least $5,000 at a rate of not
less than $500 per year for 10 years; or
(c) Arrange for a Deferred Gift of at least $12,250; or
(d) Agree to make an Annual Gift of at least $250 each
year for 10 years and arrange for a Deferred Gift of at least
$7,500.