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Where to Give
Gifts of Immediate Impact
Unrestricted gifts are given with the understanding that the College will direct the funds to the program or purpose that will have the greatest impact on the college’s ability to meet the individual needs of its students.
Along with supporting the vital operations of the College Foundation, unrestricted gifts allow the College to respond quickly to areas of immediate need for students when other financial resources run dry. A portion of unrestricted gifts are earmarked each year to supplement student emergency grants, as needs arise. Currently, unrestricted gifts are being used by Nursing, Welding and Automotive students’ to purchase tools and supplies that are an essential part of these technical degrees. Unrestricted gifts are also being directed towards emerging areas of growth on campus such as the College’s Short-term International Program, and the College’s expanding Athletics Program.
Gifts of Defined Purpose
Restricted gifts are gifts earmarked by a donor with a defined purpose in mind. These gifts reflect the donor’s own interest areas and giving objectives. Examples of restricted gifts include targeted program support and establishing a scholarship.
Establishing new scholarships or supporting existing scholarships:
- Annual Scholarships: Many donors support an annual scholarship; typical amounts range from $1,000–$2,500. The money you contribute to a scholarship each year is the actual award amount — 100% goes straight to the student. You can establish the criteria based on area of study, GPA, financial need, etc., and name the scholarship in honor or memory of a loved one.
- Endowed Scholarships: An endowed scholarship may be established with a minimum $25,000 contribution (may be paid via multi-year pledge) to fund a scholarship in perpetuity. These scholarships are awarded annually, with criteria and name chosen by you.
- Existing Scholarships: You can contribute to an existing scholarship.
Student Emergency Grants help students who are at high risk of dropping out of college due to a financial emergency. A minor car repair or the replacement of a lost or damaged textbook or tool can turn a situation into a crisis for a financially strapped student who is earnestly trying to complete his or her education.
The Exceptional Faculty Award fund supports grants to faculty members for activities to enhance their professional development. A dollar-for-dollar match by the State of Washington, in essence, doubles every dollar you contribute to this fund to keep faculty members at the cutting edge of their teaching fields. The Trustees' Classified Staff Professional Development Award fund provides opportunities for the college's staff to increase skills. Awards support conference registration, specialized training, departmental projects and even tuition toward an advanced degree.
There are over 40 departmental programs and events in a perpetual state of fundraising each year to support activities that serve to enrich the student’s educational experience here at SPSCC. The Artist & Lecture Series, Jazz Series, Athletics Boosters, Automotive Tool Fair and the Diversity and Equity Center’s FIRE Summit and Queer I Am annual events are a sample of the numerous programs and events that would not exist without the generous support of our donors.
Ways to Give
Planned and Legacy Giving
There is a wide range of giving vehicles to consider when planning a gift to SPSCC. The benefits of planned gifts to donors are many; they can include federal income tax charitable deductions, reduced and deferred capital gains taxes on appreciated property, reduction of your taxable estate, and/or enhanced income from periodic cash distributions.
A legacy gift is a charitable donation from your estate assets to the College. Often received after one’s lifetime, these gifts are also referred to as deferred or planned gifts. A Legacy gift allows you to control the use of your gift to benefit your own financial future, and take advantage of the wide range of tax benefits available today. A legacy gift can include cash, bequests, trusts, stock, life insurance, annuities, and more.
Through a planned gift, you and your family can create a meaningful, everlasting legacy, for yourselves as well as for future generations of students at South Puget Sound Community College. A Planned Giving Letter of Intent may be submitted to notify the Foundation of your intent to leave a planned gift.
Gifts for the future
This is a provision in a will, trust, or estate plan that allocates a gift to the College. The most common gifts are cash, securities, and real property including homes and personal property.
With a deferred payment gift annuity the College receives payments at a future time of your choosing, which must be more than one year after the date of contribution.
Gifts that pay you income
A contract between you and the College where you agree to make a gift to the College and, in turn, the College agrees to pay you, or your designee, a fixed amount each year for the rest of your lifetime.
This is an irrevocable trust between you and the College. You contribute assets to the trust and the College manages the trust’s assets for your benefit and you receive income from the trust each year for your lifetime or a fixed period of years. At the end of the term of the trust, the remaining trust assets are distributed to the College.
Gifts the College can use today
Gifts to the College of publicly traded securities, closely held stock, a paid up life insurance policy and other property of value.
Gifts to the College of tangible personal property, include book collections, art, and jewelry.
Similar to a charitable remainder trust, except that the annual payments are given to the College and the principal reverts to you or your designated beneficiaries at the end of the trust term. If the principal reverts back to you, you get a charitable income tax deduction; if to another, that person gets a charitable gift tax deduction.