Click Here for In-Kind Donation PDF form and Instructions.
Giving to the SVC Foundation
Giving to the SVC Foundation helps us to provide educational opportunities for our students through scholarships and program enhancements. It also helps us to fund faculty and staff innovation and development so as to improve the quality of instruction and service at Skagit Valley College.
If you are interested in giving to the SVC Foundation, we encourage you to explore the options listed below. For more information on giving to the Foundation, please contact the Director, Fay Shane @ 360-416-7717.
Why should I support SVC?
Every person who gives to SVC has their own answer to that question. As many faculty and staff know, SVC has become a state-assisted rather than state-supported community college. Faculty and staff dedicate themselves daily to high quality teaching, research and service, and private support has become increasingly important in that endeavor. Some feel strongly about the critical nature of work being done at SVC, and they choose to further that work with financial support. Others choose to remember or honor a faculty or staff member with a gift to a memorial scholarship in his or her name. The number of reasons are diverse, but all reflect a sincere belief in the work being done at Skagit Valley College.
How can I give?
There are many ways:
Contact the SVC Foundation for an envelope for: Payroll deduction Check or credit card.
How does payroll deduction work?
You specify the amount you would like deducted from each paycheck and can have that amount deducted until further notice, or until a specific amount is reached. You can use the chart below to help determine the amount you'd like deducted based on whether you have a 12-month or 9-month appointment.
Gifts of Cash/Check
Gifts of cash are the simplest way to give and may be tax deductible as well. You may deduct a cash gift for income tax purposes only in the year in which you contribute. A pledge or promissory note is not deductible until it is paid.
Memorials
A fund can be established in memory of someone who has passed away, or for an individual or entity you wish to honor during their life. This fund can continue to receive contributions over the years as a lasting benefit to the college.
Gifts by Credit Card
SVC Foundation will accept gifts made by MasterCard and VISA credit cards. Donations by credit card may also be set up for monthly contributions, similar to payroll deductions. Credit card gifts are considered complete on the day the donor's account is charged.
Bequests
Giving through your will or living trust is a way of providing a charitable gift to SVC as a bequest. It can include giving a percentage of your estate, giving a fixed amount or giving whatever property is remaining after all other bequests are distributed. To ensure that your wishes will be carried out, it is important that your will be prepared by an attorney. Bequests can be changed or revoked at any point during your lifetime. If you would like more information on bequests, a SVC Foundation representative would be pleased to meet with you and your attorney. For assistance please contact Foundation Director Fay Shane at 360-416-7717 or by e-mail at
fay.shane@skagit.edu
Endowed named scholarships may be established at SVC with a minimum $10,000 donation. The intent of an endowed scholarship is to allow the fund to grow and to award the interest only from the endowment, usually on an annual basis. This will ensure that the fund will maintain its original principal balance while assisting students with their educational and financial needs.
Gifts of Securities
Marketable stocks or bonds (that have appreciated in value) are another assets you may contribute to Skagit Valley College. Please consult your attorney and financial advisors when considering this type of giving.
Charitable Remainder Trust
A popular life income plan is a charitable remainder trust. This plan may increase your current income and could provide significant tax savings as well. It also allows you to support the students at SVC both during and after your lifetime. There are two types of charitable remainder trusts: the annuity trust and the unitrust. Each trust pays an income to you, and at termination of the trust all assets pass to Skagit Valley College. Please consult your attorney and financial advisors when considering this type of giving
Life Insurance
You can assure a major contribution to Skagit Valley College Foundation through the donation of a life insurance policy. If you now own an existing life insurance policy you may assign all or a partial ownership in the policy to the Foundation, which may entitle you to income tax deductions. You may also name the Foundation as beneficiary on a current policy or when purchasing a new policy.