Your donation changes lives. Give today!
The CGCC Foundation can help you make a donation in whatever way works best for you. We are happy to meet and discuss how you would like to support our students and the college.
Thank you for considering a gift to CGCC Foundation. There are several ways to give, all of which make a huge impact. You can reach Wendy Patton, Executive Director at email@example.com or by calling 541-506-6104.
An unrestricted gift is the most valuable to the Foundation and is allocated where the need is the greatest. Please use the GIVE button below for your donation to be allocated as unrestricted.
Help sustain CGCC with a monthly recurring gift. This allows us to budget more effectively, creating stability for students, faculty, and programs.
Monthly gifts give us the confidence to dream big! Fewer administrative costs and mailings mean more of your gift is available for students and programs.
Please use the GIVE button above to designate your gift to a specific area of interest:
- Special Programs
- New Facilities
- Faculty Development
Employee donations impact every corner of this college!
Examples of employee impact include supporting students with scholarships, providing emergency aid, childcare, and textbook grants make a college education possible for CGCC students.
If you have any questions, please contact the Wendy Patton, Executive Director for the Foundation at 541-506-6104.
CORPORATE MATCHING GIFTS
OREGON CULTURAL TRUST MATCHING GIFTS
GIFTS OF APPRECIATED ASSETS
If you have publicly traded stock that has appreciated in value, you can avoid capital gains tax when you make a donation of that stock to the Foundation. If you happen to like that particular stock, you can then use your available cash to repurchase the stock at a new, higher cost basis.
While cash, CDs, and marketable securities are thought of most often when making a gift to a charitable organization, real estate is sometimes the best gift of all. Many people reach a stage in life where they simply don’t want the management responsibility that accompanies property ownership.
For those who have rental apartments or commercial buildings, not only can they avoid capital gains tax, but they can avoid depreciation recapture tax as well.
For those people with farms or vacation homes, life-income arrangements such as CRTs or Gift Annuities can be equally rewarding.
As with all transactions of this kind, consult your tax attorney, estate planning professional, or CPA before making your gift.
Creating an Endowment
An endowment provides a percentage of the earned income for scholarships while the principal remains intact.
GIFTS THAT PROVIDE INCOME BACK TO YOU
A gift annuity offers many advantages. First, and foremost, the payout rates for gift annuities are generally quite attractive to people in their 70s, 80s and 90s. The rates typically range from 6-9%. If a person, or couple, is currently experiencing a low return on their CDs, money market accounts, treasury notes, or bond funds, a gift annuity can be a nice alternative. The payout rates are determined by a person’s age, and once established are fixed for life.
Second, the donor receives a generous income tax deduction for the year in which they create a gift annuity. Often the tax deduction is 20-50% of the amount that they placed into the annuity.
And finally, depending upon how the gift annuity is funded, the donor can enjoy a significant portion of the income they receive from a gift annuity on a tax-free basis.
There are many forms of gift annuities. Some offer an immediate payout option, while others allow the donor to fund the agreement and get an income tax deduction now but delay the beginning of payments until some point in the future of their choosing.
Charitable Remainder Trusts (CRT)
Charitable Remainder Trusts (CRT) can be one of the most powerful planning tools available as people do retirement and estate planning.
CRTs afford the donor potentially five favorable tax outcomes by virtue of one financial transaction.
They are: 1) capital gain tax avoidance 2) income tax deduction 3) tax-free compounding 4) income payments taxed favorably, and 5) estate tax elimination (for those people with larger estates).
Finally, life insurance can sometimes be a viable part of a CRT plan. If the donor(s) want their loved ones to participate in the full value of their estate, then creating a life insurance trust with some of the CRT tax savings and additional cash flow can allow loved ones to “remain whole” as it relates to their inheritance.
“I strive towards life-changing and innovative solutions to transform the lives of our student. I believe everyone deserves access to affordable, quality education. Thank you for helping me create a just, equitable, and inclusive community for our students where they can learn and thrive.”
– Wendy Patton, CGCC Foundation Executive Director
Our scholarships provide financial support, but for many students being a scholarship recipient means something more. It means that someone believes in them enough to provide them with the financial resources needed to attend CGCC. It means that someone else believes in their dreams.