Please consider a gift to support scholarships for students in need. Of the top reasons students cite for dropping out of college is lack of financial support. This makes the Chesapeake College Foundation’s work building scholarships especially urgent. Because many of our students are working a full-time job or several part-time jobs – as well as balancing family, community, volunteer and personal commitments – scholarships make a tremendous difference in their ability to attend college.
If you are unsure of just where your gift will have an impact, consider making a contribution to the Annual Support Fund. Your unrestricted gift allows the Foundation to use your donation where needed most to impact the lives of our students.
Your tax-deductible gift can make a significant difference in the ability of our students to succeed. The Chesapeake College Foundation offers several giving options to promote higher education on the Eastern Shore.
Make a Gift!
Ways to Make A Gift
There are a number of ways to contribute to the Chesapeake College Foundation and thus contribute to Chesapeake College and the community it serves.
Cash, Check or Credit card: Gifts of cash or check may be designated to a specific program or fund based on the donor's preference, or may be used by the Foundation as needed. Credit cards accepted include Visa, MasterCard, or Discover.
Matching Gifts: Businesses may match personal contributions to increase and often double the gift size. Check with your employer to see if they are a matching gift company.
Stocks and bonds: Transferring gifts of securities, mutual funds, stocks and bonds to the Foundation can provide income tax deductions and eliminate capital gains taxes. Contact your broker to assess the benefits of such a gift.
Pledges: Gifts can be pledged and paid over a designated period of time. The Foundation Office will send reminders at appropriate intervals. Acknowledgements and receipts are sent when pledge payments are received. Pledges may not be claimed as tax deductions until they become gifts.
Bequests: The Chesapeake College Foundation, Inc. can be named as a beneficiary of gifts of cash, personal property, stocks, bonds, or any other assets through the provision of a will. The following bequest language should be shared with your professional advisor: I give (describe dollar amount, property or proportion of residuary estate) to the Chesapeake College Foundation, Inc., P.O. Box 8, Wye Mills, MD, 21679, for its general educational and charitable purposes (or define specific purpose). The Foundation office is happy to discuss ways to ensure that a donor’s wishes are carried out.
Charitable Gift Annuities: Charitable Gift Annuities allow the donor to realize income tax deductions, receive a lifetime income and support the Chesapeake College Foundation. Contact the Foundation Office for more information.
Life Insurance: The Chesapeake College Foundation, Inc. can be named the beneficiary of an existing or new life insurance policy. Another option is to transfer ownership of an existing policy to the Foundation.
Retirement Savings: The Chesapeake College Foundation can be named as a beneficiary of retirement savings.
Real Estate: Gifts of property may provide helpful tax deductions for the donor and alleviate capital gains penalties. The Foundation reserves the right to assess gifts of property in terms of potential benefit to the College or Foundation, as well as the right to liquidate real estate gifts.
Gifts-in-Kind: Gifts of supplies, equipment, personal property, or service that meet specific needs may be donated to the Chesapeake College Foundation. However, consultation with the Foundation Office staff is important to ensure that the gift is usable by the department for which it is designated.
All gifts should be directed to the Chesapeake College Foundation, Inc., a 501 (c)(3) not-for-profit organization, donations to which are tax deductible to the fullest extent allowed by law.