Ways to Give
Cash is the easiest way to give support to the college. Checks should be made payable to JALC Foundation. The Foundation accepts cash donations using VISA, MasterCard and Discover.
A great way for you to increase the benefit of your contribution without any additional cost is for you to ask your company’s personnel or community relations department if you company has a Matching Gift Program.
When you create a named endowment, you are creating a legacy that lives forever. An endowment creates a gift for all time that can honor a loved one, a special mentor, your family or yourself.
The principle balance of an endowment is invested in perpetuity. A portion of the earning is distributed to an expendable fund to be used as designated by the endowment agreement. The remainder is added back into the endowment corpus. Endowed gifts can be designated for specific purposes, such as scholarships, equipment, faculty development or they may be unrestricted.
The minimum required amount to establish an endowment is $25,000, which is payable over a five-year period.
Stocks, mutual funds, bonds, and other publicly-traded securities may be transferred as gifts through the Foundation. Gifts of long-term appreciated securities may offer a substantial tax savings. Please contact your accountant or financial advisor for further information.
Planned gifts are those gifts which are made during your lifetime, but the benefits to the JALC Foundation are not realized until a future date. They represent your ultimate investment in the College’s mission. These gifts may take the form of a bequest in your will, charitable gift annuities, charitable remainder trusts, charitable lead trusts and life estate agreements.
REAL AND PERSONAL PROPERTY
The JALC Foundation reviews for acceptance gifts of real or personal property (gifts in kind) that enhance the mission of the College. Gifts in kind may include your personal residence, farm, equipment, artwork, rare books, and other property that have a determinable value. The IRS has established rules for valuing these gifts. Please consult your tax advisor for determining the tax benefits this type of gift may provide.
RESTRICTED FUND ACCOUNTS
Restricted Fund Accounts are administered as the donor advises within the parameters of our operational guidelines. They can be funded through annual contributions or through a one-time, lump sum gift. A majority of these types of funds are designated for student scholarships; however they can also be used to support other needs.
Unrestricted funds give the Foundation the greatest latitude to apply charitable resources where they are needed most.