There are many ways to give to the Amarillo College Foundation. Any gift, no matter the size will assist us in our goal of providing a quality education to our students.

 

By donating to one of the Foundation’s existing endowed or non-endowed scholarships you will help us assist additional students toward attaining their college education. A list of our existing scholarships is available on line. 

 

By donating a minimum of $10,000 you can establish an endowed named scholarship to honor, recognize and/or memorialize a person or organization of your choice. The named endowment fund may be stared with a minimum gift of $5,000 and additional contributions must be made to cause the fund to reach a total of $10,000 within three years of the initial gift. During the three-year period beginning on the date of the initial gift, interest or other income as earned will be added to the principal and an administrative fee will be deducted.

 

By donating a minimum of $1,000 you can establish you own non-endowed scholarship to honor, recognize and/or memorialize a person or organization of your choice. The dollars from non-endowed funds may be fully expended in one year or donated in increments agreed upon by the foundation personnel and the donor.

 

Unrestricted Gifts:
Unrestricted funds which are used for Regent Scholarships, the Matching Funds Program, as well as program and scholarship emergency needs.  These funds allow the foundation to "make a difference"; for both students and college programs.  Unrestricted gifts of $500 or more include the donor in the "Regents Circle" of donors. A gift in any amount may be given in honor of and/or in memory of an individual or group.

 

By donating any amount In Honor of and/or In Memory of an individual, you can give a gift to the General Fund of the Amarillo College Foundation. 

 

Planned gifts include bequests, trusts and contracts between a donor and a charity. The potential benefits of a planned gift are:

 

Bequest – A bequest is when a donor decides to leave assets to charity in his/her will. The donors estate will receive a charitable estate tax deduction at the death of the donor, when the gift is made to charity.

 

Gift Annuity – A gift annuity is a contract between a charity and a donor. In return for the donation of cash or other assets, the charity agrees to pay a fixed payment for life to the donor or person of the donor’s choosing. The donor also can claim a charitable tax deduction. If a donor funds a gift annuity with long-term capital gain property, the donor will have to report some of the gain and may be able to report it in installments over many years.

 

Charitable Remainder Trust – This type of trust makes payments, either a fixed amount (annuity trust) or a percentage of trust principal (unitrust), to whomever the donor chooses to receive income. The donor may claim a charitable income tax deduction and may not have to pay any capital gains tax if the gift is of appreciated property. At the end of the trust term the charity receives whatever amount is left in the trust. Charitable reminder uni-trust provides some flexibility in the distribution of income and can be very helpful in retirement planning.

 

Charitable Lead Trust – This trust makes payments, either a fixed amount (annuity trust) or a percentage of trust principal (unitrust), to charity during its term. At the end of the trust term, the principal can either go back to the donor (a grantor lead trust) or to heirs named by the donor (a non-grantor lead trust). The donor may claim a charitable income tax deduction for funding a grantor lead trust or a charitable gift tax deduction for funding a non-grantor lead trust. Since lead trusts are typically used to pass assets to heirs, non-grantor lead trusts are far more common that grantor lead trusts.

 

Retained Life Estate – A donor may make a gift of her personal resident, farm or ranch to charity and retain the right to live there for the reminder of his or her life. The donor receives an immediate income tax deduction for the gift. At the donor’s death, the charity can use or sell the property.

 

Company Matching Gifts – Your contribution to the Amarillo College Foundation may qualify for a matching gift from your employer. Some employers honor spouse and retiree contributions. Please check with your or your spouse’s personnel office.

 

Stock and Securities - Long-term appreciated stocks and securities are almost always an excellent way to provide financial support. They can be used to support the annual campaign or in establishing planned giving arrangements and provide a double benefit to you—a current income tax deduction and avoidance of capital gains taxes.

Send your tax deductible contribution payable to:

 

The Amarillo College Foundation

P.O. Box 447

Amarillo, Texas 79178

 

The Amarillo College Foundation fiscal year runs from September 1 through August 31. Cash gifts and payments on pledges will be counted in the fiscal year in which they are received.

 

Payment Options:

 

Cash gifts may be made by:

Created By David White -- Oct/31/06
Last updated by klcraghead -- Jun/17/09