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.