Make checks payable to "Contra Costa College Foundation" and on the memo line of the check please indicate what the donation is for. For example: General Scholarships, a specific scholarship or 65th Anniversary. Mail the check to: 2600 Mission Bell Drive, San Pablo, CA 94806
EMPLOYEE PAYROLL DEDUCTIONS:
District employees can make payroll deductions in any amount to any Foundation account. Please complete this form
and contact your payroll office with any questions.
STOCKS & BONDS
These assets are easily transferred to the Contra Costa College Foundation and can offer preferred tax advantages to you. The donor receives a charitable deduction for the full market value of the property and avoids all tax on the capital gain. For this reason, it can be to the donor's advantage to contribute securities rather than cash.
Donors who wish to help students and at the same time establish a lasting memorial may endow a scholarship. By definition, an endowed scholarship is one in which the principal remains intact and only the interest is given away each year. Often, these scholarships are named for the donor (or for someone the donor wants to memorialize) and targeted to students in a particular field of endeavor. A minimum contribution of $10,000 will endow a scholarship. The Foundation Executive Director works with donors to establish the selection criteria for their scholarships in accordance with Internal Revenue Service and California charitable giving regulations. Click here
to see how scholarships are awarded to students.
Donors may also establish scholarships that are funded each year or that are funded from a significant contribution that is not endowed. These scholarships can also named in memory or honor of an individual or organization.
The Contra Costa College Foundation welcomes gifts of equipment, books, software, etc., which can be put to good use by instructors and students. Donors should contact the Foundation to learn whether the proposed non-cash contribution would be appropriate for the College. Timely acknowledgement will be made describing the gift, but the donor is responsible for verifying the value of non-cash property.
PLANNED GIVING CAN REDUCE YOUR TAXES AND PROVIDE CHARITABLE GIVING OPPORTUNITIES
Q: At present, my funds are committed, but I want to help the college. How can I do this?
A: Bequests offer the opportunity to give now while paying later. Naming the Contra Costa College Foundation as a beneficiary in your will or trust can enrich the lives of untold generations of students through gifts influencing the future. Wills can be amended through a simple supplement called a codicil without the necessity of redoing the original testament. Your estate will also receive a charitable estate tax deduction for the full amount of the gift. All you need to do is include the following information in your estate documents:
I give ($) or (%) of my estate to the Contra Costa College Foundation, 2600 Mission Bell Drive, San Pablo, CA 94806 to provide funding for the ongoing activities of the Foundation as determined by its Board of Directors (or for the purpose of _________________). Tax ID: 94-6135368.
A Foundation representative will be happy to provide additional general information, but we cannot offer legal advice. This should be obtained from an attorney or professional advisor.
Q: How can I make a gift to the college and receive income from it?
A: Such a gift plan is called a deferred or planned gift. There are several ways to contribute funds to the Foundation, receive life-time income, avoid capital gains, and benefit from a charitable income tax deduction. Irrevocable trusts and annuities can provide a future gift to the Foundation, while meeting the present income needs of the donor or even a beneficiary. Several charitable income trusts and annuity programs are available.
Q: Can I contribute a life insurance policy?
A: Both term and life policies provide an excellent opportunity to make a contribution to Contra Costa College and realize savings in federal income taxes. Designating the Contra Costa College Foundation as either primary or contingent beneficiary can provide significant future support with a modest investment.
Q: I have a bank account which I would eventually like to pass on to Contra Costa College. What is the best way to do this?
A: A simple way to provide a future gift is to place the words "in trust for Contra Costa College Foundation" on a bank account or mutual fund account. You continue to retain full ownership and control and can alter or revoke the account at any time.
Q: Can the Foundation be reflected in my retirement planning?
A: Your retirement account (IRA, 401k, 403b, etc) can name the Contra Costa College Foundation as a beneficiary. This method of giving permits you to benefit from your assets during your lifetime while making provisions for Contra Costa College in the future. At times, the Internal Revenue Service allows retirees to allocate the minimum required distribution from their IRAs to non-profit organizations without tax implications. Check with your tax advisor to see if that provision is in place this year.
Do you have specific ideas about what you would like to see accomplished with your gift? Foundation staff are eager to work with you to ensure that your gift is utilized according to your desires and specifications.
The Contra Costa College Foundation is a non-profit, tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. Federal tax identification number is 94-6135368. All Foundation activities are directed to the enhancement of the College and support of its students.
(510) 215-3805 FAX: