Ways to Give
Alumni Student Scholarship Fund -– Gifts that support the $3.1 million allocated annually for scholarships to qualified students of Toccoa Falls College.
Restricted Gifts -– These are specific project-driven funds, such as, construction of a new dorm or other facility, a named scholarship in honor or memory of a loved one, or sponsorship of a missions trip.
Endowments -– Endowments are permanently restricted gifts that are held indefinitely. Many of our endowments are scholarship based. These funds guarantee that the donor's money stays in perpetuity; that is, only interest is used while the principal amount of the gift remains in a restricted fund earning interest.
Capital Campaign Gifts -– Campaign gifts are designed to generate substantial funds, usually over a number of years, to finance major capital projects or other programs of the college. A Centennial Campaign was launched in 2007 with the timeline to span 5 years, 2007 - 2011, to coincide with the two anniversary years special to the college.
A goal of $21 million was set with five different initiatives:
- $3.5 million Student Scholarships
$1.2 million Student Housing/Renovations
$5.8 million New Library
$5.0 million Endowed Scholarships
$5.0 million Debt Retirement
Corporate Matching Gifts-– These gifts enable donors to double or otherwise multiply their contribution through their employer’s participation in the matching gift program. Check to see if your employer offers a matching gifts program. It’s a great way to make your gift grow!
Securities, Real Estate, and Other Property -– Gifts of appreciated property, such as stocks and bonds and real estate, have the advantage of providing the donor with a charitable deduction equal to the fair market value of the property and may not require capital gains taxes paid on the appreciated portion of the gift.These types of gifts can provide significant tax advantages if properly structured.
Estate Planning-- The start of a New Year is perfect for reviewing your will, home and other asset insurance coverage, and for making financial plans for the future to protect your family. As our circumstances change, we often neglect updating those important legal matters that can rob our families, loved ones, and charities of support when some unforeseen thing happens.
Bequests
Gift Annuities -– An annuity provides a lifetime income based on age at the time of purchase. In addition, the gift provides support for Toccoa Falls College and a tax deduction is given on the gift portion of the annuity.
Life Insurance Policies -– Insurance policies that are no longer needed to insure a family’s security may be assigned to Toccoa Falls College. This also provides tax advantages to the donor.
Deferred Gifts -– Deferred gifts may take the form of income interest, charitable bequests, various types of trusts, etc.
The information provided above is general in nature. It is recommended that you contact a tax advisor to best address individual circumstances, maximizing tax and economic benefits for you and your family. The stewardship staff at Toccoa Falls College is available to advise or arrange a method of giving that is in the best interest of the donor.
Please contact one of us for additional information or assistance:
Sharon Sanderson, Director for Alumni/College Relations (ssanderson @ tfc.edu)
Bucky Plyler, Major Gifts Officer (wplyler @ tfc.edu)
