Please consider making a gift to the ACC Foundation to help ACC students. To make a contribution online, please click on the ‘Donate to ACCF’ button below. This site will securely process your donation to the Alamance Community College Foundation, Inc.
Gifts can be made in memory or honor of a loved one, friend, instructor or whoever you want. When you make a gift in memory or honor include the name of who is being honored/memorialized and who will need to be notified of this gift.
Donation Link URL: https://squareup.com/store/alamance-community-college-foundation/
You can also print out a pledge form and mail your pledge to:
Post Office Box 8000
Graham, NC 27253-8000
Your support of the ACC Foundation helps students achieve their educational goals. Please consider including Alamance Community College in your estate plans and let us know when you do. Thank you!
Ways to Give and Support the ACC Foundation
Cash gifts are immediate and, if you itemize your taxes, your outright gifts of cash are fully deductible for federal income tax purposes.
IRAs or Retirement Plan Assets
You could leave 100% or a portion of the tax deferred retirement plan to ACCF. In order to modify your IRA beneficiaries, request a “change of beneficiary” form from your financial advisor.
If you are over age 70½, then you can redirect all or a portion of your IRA’s Required Minimum Distribution to ACCF. This is called a Qualified Charitable Distribution. This distribution serves to satisfy all or part of your RMD requirement and prevents the distribution from being taxable.
Gifting long-term appreciated stock, bonds, ETFs or mutual funds may offer you a two-fold tax savings:
- You avoid paying capital gains tax on the increase of the value of the securities.
- You receive a tax deduction for the full fair market value of the securities at the time of donation.
Charitable Gift Annuity
You could transfer at least $10,000 to ACCF now and receive a guaranteed above market rate of return for the remainder of your life. Immediate tax benefits may be realized.
When the donor passes, the remaining asset value transfers to ACCF.
Charitable Remainder Trusts
A Charitable Remainder Trust (“CRT”) is an agreement between you and a trustee to hold assets for a term. The term may be for the lifetime of you, your spouse and/or other beneficiaries or for a set period of time not to exceed 20 years. At the end of the term, the CRT’s remaining assets could be distributed to ACCF.
During the term of the CRT, the trustee will distribute a sum certain or a fixed percentage of the trust assets determined by you to a non-charitable income beneficiary determined by you.
Non-Cash Donations & Real Estate
Certain programs at ACC may benefit from donations of non-cash items that help educate students in current techniques and technologies. Examples of such donations include specialized program-related equipment in working order and hands-on training supplies. Such donations may be tax-deductible.
Outright gifts of real estate allow the donor to avoid capital gains tax and realize a charitable deduction on the full fair market value of the real estate.
Bequests & Life Insurance
After providing for loved ones, you could name ACCF as a beneficiary of a percentage of your assets in your estate planning documents or as a beneficiary to any unnecessary life insurance to establish a permanent legacy of helping ACC students. Please consult with your estate planner or life insurance agent to implement these strategies.
In your obituary, you could inform your loved ones you would like ACCF to receive memorial gifts.
The Information provided here is not intended as legal or tax advice. Please consult your financial advisor.