KVCC Foundation

ESTABLISHING A FUND

It is easy to establish a named scholarship fund at KVCC and it can be accomplished in a relatively short period of time.

First, determine your charitable purpose or intent.

Select the type of fund that best supports your purpose. Our staff will work closely with you to offer advantages and help you outline your plan.

Our staff will help you complete a document that makes your intentions clear.

Select a name for the fund. You can use your name, that of a family member, the name of a favorite cause, or choose a name that allows you to remain anonymous.

Make an establishing gift. See Ways to Give for the types of contributions you can make.

Receive a tax deduction at the time the fund is established and when additional contributions are made to the fund. Enjoy giving through the fund. Once the fund is established you can:

Add to the fund at any time in any dollar amount

Specify how grant distributions are to be acknowledged, whether in the name of the the fund or anonymously

If you have questions about establishing a fund that have not been answered in this section, please click her to contact us for more information.

WAYS TO GIVE

Here are some options used by our donors:

Gifts of Cash: The most common form of giving is the contribution of cash. Unless otherwise designated its use is generally unrestricted.

Matching Gifts: Many companies have established matching-gift programs in support of education. Through this type of giving, employers match the donations made by a current or retired employee; some even cover employee spouses. To find out more, try our matching gift search or contact the company's Human Resource Department.

Endowment: A gift for endowment is an investment in a permanent fund that earns money for the college and museum every year thereafter. The endowment will award five percent of principal earnings annually. The principal from an endowment remains invested and the earnings are used to fund the yearly award.

Bequest: A statement in a will that provides a gift for the Foundation's endowment or to an unrestricted fund to perpetuate the donor's future interests.

Property Gift: A gift of property that has value but which is no longer needed by the donor.

Charitable Gift Annuity: The exchange of property for a guaranteed income for the rest of the donor's life.

Charitable Remainder Unitrust: Places a donor's property into a trust where it will be tax-sheltered for growth and pays an annual income for life based on its growing value.

Charitable Remainder Annuity Trust: Puts property into a trust and selects a fixed-dollar income for life.

Charitable Lead Trust: Puts property into a trust that will pay income to the charity for a specified number of years, after which the property is returned to the donor.

Insurance: The donation of an insurance policy that is no longer needed or that can be used to create a planned gift. This is as easy as changing the beneficiary to the Kalamazoo Valley Community College Foundation.

TYPES OF FUNDS

Where you can direct your charitable contributions(s):

Unrestricted Funds: Unrestricted Funds have no restriction on their use or purpose and offer Kalamazoo Valley Community College the greatest flexibility in responding to the most current and unlimited future needs of the school and its students, faculty and staff.

Designated Funds: Designated Funds support a specific scholarship fund and are expended as stipulated in the criteria as developed by the individual(s) who establish the fund. These funds sometimes are named after those that establish the fund or in memory or honor of someone.

Endowed Funds: Endowed Funds investment in a permanent fund the earns money for the college every year. The principal or corpus from the endowment remains invested and the earnings are used to fund the award annually. This type of investment may be designated for a specific purpose.

For more information about giving opportunities contact the KVCC Foundation office at (269) 488-4442, a financial advisor, or an attorney.

TAX CONSIDERATIONS

All gifts to the Kalamazoo Valley Community College Foundation are eligible for Federal tax deductions and the State of Michigan Tax Credit as provided by law.

KVCC Students

HOW TO MAKE A GIFT?

You can make a check payable to the KVCC Foundation and mail it to:

Kalamazoo Valley Community College Foundation
6767 West O Ave.
Kalamazoo, MI 49003-4070

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For more information about giving opportunities you can contact the KVCC Foundation office at 269-488-4442, a financial advisor, or attorney.

DONATION FORM

To print and mail the Donation Form click here.

Please NOTE: This is a PDF file and requires Adobe Acrobat Reader to view and print this file. If you do not have Adobe Acrobat Reader click here to download a free copy of this program.

Kalamazoo Valley Community College
Texas Township Campus - 6767 West "O" Avenue, PO Box 4070, Kalamazoo, MI 49003-4070 - ph# 269-488-4400
Arcadia Commons Campus - 202 North Rose Street, Kalamazoo, MI 49007 - ph# 269-373-7800