HOW TO MAKE A GIFT
Cash gifts can be utilized immediately and may be directed by the donor to serve HCC student scholarships or programs and college priorities. When you make a cash contribution, your gift may be tax deductible up to a maximum of 50 percent of your adjusted gross income, with the amount of savings depending on your tax bracket. Your cash gift may be submitted in any of the following ways:Submit your check payable to “HCC Foundation, Inc.”
Give Online with a credit card.
Send a check. Make your check payable to the HCC Foundation and mail to: 39 Columbia Drive, Tampa, Florida 33606.
Gifts may be pledged over time. Contact Carlene Barbeau at (813) 253-7165 to learn more about this option.
Gifts/pledges through payroll deduction are available for HCC faculty and staff.
Securities or Stock Gifts
Many people have stock worth more than they paid for it years ago. A gift of long-term appreciated stock offers two tax savings. First, you avoid capital gains tax. Second, you receive an income tax deduction based on the increased current value of the stock instead of the cost basis. By giving a gift of stock or securities, you may be able to claim a tax deduction for the full market value of the stocks or bonds up to 30% of your adjusted gross income. Contact us for wire instructions.
The HCC Foundation also accepts donations of property such as real estate. Gifts of real estate may be marketed and the proceeds utilized for college priorities. However, a real estate gift may provide substantial tax benefits as donors may be able to claim an income tax deduction for the full fair market value of the property, if held by the donor for more than one year. The HCC Foundation reserves the right to individually evaluate each real property offer prior to acceptance. Please contact us to discuss a possible property gift.
The Foundation accepts collectibles, artwork, jewelry and other valuables. If you own a proposed gift of tangible personal property such as art or jewelry for more than one year, and if we can use it in a manner related to our function or sell it, you may qualify for a deduction. Please contact the HCC Foundation office to discuss gifts of collectibles or valuables before making such a gift.
There are several ways to provide charitable gifts to Hillsborough Community College from assets that remain after you have taken care of your own economic security and that of your loved ones. A thoughtful donor may include the HCC Foundation in his/her will or estate plan. Simply specify the dollar amount or percentage of the assets you wish to leave, indicate the gift is to benefit HCC scholarships or programs and designate “Hillsborough Community College Foundation, Inc” as the recipient. Another way to provide a planned gift is through a beneficiary designation of life insurance or retirement plans proceeds.
SPECIAL GIVING OPPORTUNITIES
Honor and Memorial Gifts
Gifts can be made to the HCC Foundation to honor an individual, faculty, staff, friend, family member or business associate. Acknowledge occasions like a birthday, anniversary or holiday; or send a thoughtful gift to recognize or thank someone special. The honored recipient will be notified of the tribute via an HCC Foundation note card (with no gift amount) and, of course, the donor will receive a gift receipt.
Gifts can be made in memory of a friend, co-worker, family member or loved one who has passed away. A donation to HCC can serve as a lasting tribute or remembrance for a special one. Gifts will be acknowledged to the family of the individual, or as requested by the donor. Major gifts ($2,000 and above) can create named scholarships. The names of donors and the individuals for whom honor or memorial gift are made will be recognized in the Foundation’s annual report.
Many employer organizations have a matching program and may match their employee’s gift. Some will even match the gifts of employee spouses and retired employees as well. Please contact your Human Resources Department for details. If your employer participates in a corporate matching program, submit the appropriate form to the HCC Foundation with your gift.
This information is not offered as legal advice. Please consult with your tax attorney and/or tax accountant to determine how a gift to HCC may benefit you.