We currently have more than 130 named endowed and annual scholarships available to qualified students. Named endowed scholarships may be established with a minimum contribution of $25,000. Named annual scholarships may begin with a contribution of $2,000 a year for a minimum of 3 years.
Many companies encourage employees to be charitable by matching their gifts dollar-for-dollar, and sometimes as much as two or three dollars for every dollar given. Maximize your contribution by applying for a corporate match. Information on your company’s matching gift program is generally available through a human resources department.
A gift of appreciated assets such as stock may have significant tax benefits for a donor. Donors may also wish to consider donating securities outright or an IRA or a 401K to the Middlesex College Foundation as part of their estate planning. Call us for simple instructions on how to transfer stock or for information on giving other appreciated assets.
Gifts through one’s will qualify for a charitable deduction which can reduce estate taxes and preserve more of the donor’s assets for family and other beneficiaries. If you have already planned a bequest to benefit Middlesex College students, please let us know as we would like to thank you for your thoughtful planning by recognizing you as a member of the Foundation’s Legacy Society. Please contact us if you need further information on how you may make a gift through a bequest.
Gifting life insurance is a popular option for donors who own policies that are no longer needed for their original purpose. If you purchased a policy to pay for a child’s education or to meet a financial responsibility which has since been satisfied, gifting life insurance may be a means to provide support for Middlesex students and to realize an immediate tax deduction.
A charitable remainder trust allows a donor to make an irrevocable contribution of cash or property to the Middlesex College Foundation. The donor’s chosen trustee pays income from the trust to designated beneficiaries for life or a set term of years. At the death of the last beneficiary, the principal is distributed to the Foundation. An estate-planning attorney should be contacted to create such a trust.
A charitable lead trust allows a donor to make a substantial gift by funding a trust and designating the Middlesex College Foundation as the income beneficiary for a set time period. At the conclusion of that time, the principal of the trust and all capital appreciation is returned either to the donor or a designated beneficiary. An estate-planning attorney should be contacted to create such a trust.
Donors may donate a personal residence or vacation home while continuing to reside there. In these “retained life estate” situations, the property is deeded to the Middlesex College Foundation but the donor retains lifetime use of the property. An estate-planning attorney should be contacted to establish this kind of gift.
For more information on the many ways to give to the Middlesex College Foundation, please contact: