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Giving to the Foundation
MCC Foundation Donor card (pdf)
Restricted Scholarships
Scholarships awarded in the name of a business,
industry, organization, or individual (as designated by the donor);
may apply to tuition, books, fees, or other student costs. Donors
may specify that recipients be from a given high school or service
area, or be enrolled in a specific area of study.
Unrestricted Scholarships
When funding is available, the Foundation awards
grants/scholarships to full-time and part-time students who
demonstrate one or more of the following criteria: Academic
excellence, financial need, exceptional aptitude or interest in a
particular area, athletic ability, or outstanding leadership
qualities. These scholarships apply to tuition, books and fees.
Endowed Scholarships
The Foundation has many endowed scholarship funds.
In an endowed fund, only the interest generated is used to provide a
scholarship(s); the principal remains intact. If you are interested
in contributing to one of these funds, please refer to the enclosed
donor card for the names of specific funds.
Each year hundreds of alumni and friends contribute
to MCC through the Foundation. The method depends on individual
motivation and financial circumstances. Gifts through the
Foundation are tax deductible, so your gift costs less than the
actual value of the donation. Following are several ways you can
help a student meet educational goals.
Gifts of Money
Writing a check is an easy way to contribute. For
your convenience, Mastercard and Visa are also accepted.
A Gift to MCC by Will
You can remember MCC students by making a bequest to
the Foundation in your will. There are several ways to structure
such a gift; call the Foundation if you would like help.
Gifts through Life Insurance
An increasingly popular gift is to name the
Foundation as beneficiary of all or a portion of life insurance
proceeds. Life insurance makes an excellent planned gift for a
small annual expense. Visit with your agent about how to make such
a gift.
Gifts of Securities/Real Estate
You can make a gift to the Foundation of real estate,
securities, stocks/bonds or similar assets. If assets have
appreciated since acquisition, there may be a significant tax
benefit to you.
Gifts Through Life Income Plans
You may also contribute to the Foundation via a life
income agreement. In these plans, the income beneficiary receives
all or a portion of the annual income from the gift corpus. Upon
the death of the income beneficiary, the corpus becomes the
Foundation’s property. This type of gift may take a variety of
forms, ranging from trust funds to simple bank accounts.
Leave A Legacy Iowa
If you’re looking for free information about planned
gifts, go to the Leave A Legacy web-site, www.leavealegacy.org or
call 1-888-525-4692. This site is a program of the National
Committee on Planned Giving and the Planned Giving Councils of
Iowa. The Marshalltown Community College Foundation is a partner
member of Leave A Legacy. Information about including a charitable
bequest in your will or other forms of planned giving is available
at Leave A Legacy.
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