There are endless ways of supporting Montgomery College, our mission, and our commitment to students. A variety of options others have found to be rewarding and beneficial are listed below. Gifts should be made out to the Montgomery College Foundation. For any questions, please call Director of Development Valessia Samaras at 240-567-7493.

Outright Gifts
Cash & Cash Equivalents
In-Kind Donations (Tangible Personal Property)
Intellectual Property
Life Insurance Settlements
Securities
Real Estate

Planned Gifts
Beneficiary Designations
Bequests
Charitable Gift Annuities
Charitable Trusts
Retained Life Estates

Outright Gifts

Cash & Cash Equivalents

Cash/Check

A cash gift is easy and provides an immediate income tax charitable deduction for you. Most gifts are made by check written to the Montgomery College Foundation (MCF).

If you itemize on your federal income tax return, your outright gifts of cash are fully deductible for tax purposes up to 50% of your adjusted gross income. If your outright gifts exceed 50% of your adjusted gross income, the excess may be carried forward for tax purposes for up to five additional years.
For further information about cash gifts, please contact Director of the Annual Fund Kathy Stevens at 240-567-4108 or kathy.stevens@montgomerycollege.edu.

Credit Card

The Montgomery College Foundation gratefully accepts gifts made on Mastercard and Visa credit cards. You can make this donation by clicking here or contacting Director of the Annual Fund Kathy Stevens at 240-567-4108 or kathy.stevens@montgomerycollege.edu.

Endowments

An endowment allows you to support Montgomery College’s educational endeavors in perpetuity. A principal gift from you is invested prudently and the interest drawn each year is spent annually in support of Montgomery College. For further information about endowment gifts, please contact Director of Development Valessia Samaras at 240-567-7493 or valessia.samaras@montgomerycollege.edu.

An endowment of $40,000 yields enough interest to provide one student full-time tuition and fees for one semester each year.

An endowment of $80,000 yields enough interest to provide one student full-time tuition and fees for one year.

Naming opportunities at Montgomery College are available for endowments of $25,000 or more.

Matching Gifts

Many local employers match charitable gifts. If your employer does so, your gift to Montgomery College doubles in value. Please contact the human resources office at your employer for more information.

Payroll Deduction

For Montgomery College employees, click here to download a payroll deduction form. For further information about payroll deduction gifts, please contact Director of the Annual Fund Kathy Stevens at 240-567-4108 or kathy.stevens@montgomerycollege.edu.

Pledges

A pledge allows you to be recognized immediately for a gift of cash you may pay in increments over a period of time determined by you. For further information about pledges, please contact Director of Development Valessia Samaras at 240-567-7493 or valessia.samaras@montgomerycollege.edu.

In-Kind Donations (Tangible Personal Property)

The Montgomery College Foundation accepts in-kind donations of equipment, books, etc., if it can be used by the College in a meaningful way. Any in-kind donation is subject to the prior approval of the department where it will be used and the Foundation’s Gift Acceptance Committee.

To be eligible for a federal income tax charitable deduction, a donor is responsible for obtaining an independent qualified appraisal for an item or group of similar items of donated property with a fair market value greater than $5,000 as defined by the IRS. Gifts of personal property worth $5,000 or less can be valued at the donor's discretion. Please contact Director of Development Valessia Samaras at 240-567-7493 or valessia.samaras@montgomerycollege.edu for further information on in-kind donations.

Intellectual Property

The Montgomery College Foundation accepts gifts of copyrights, patents, and trademarks subject to the approval of the Foundation’s Gift Acceptance Committee. Please contact Director of Development Valessia Samaras at 240-567-7493 or valessia.samaras@montgomerycollege.edu if you have an interest in donating such an asset.

Life Insurance Settlements

If you have a life insurance policy which you no longer need or on which you can’t afford to pay the premiums, you may be able to donate the policy to the Montgomery College Foundation. MCF may then be able to sell it on the secondary market for an amount higher than the surrender value but less than the death benefit amount. For further information, please contact Director of Gift Planning Elana Lippa at 240-567-5287 or elana.lippa@montgomerycollege.edu.

Securities

Stock That Has Appreciated

Giving long-term appreciated stock offers you two-fold tax savings. First, you avoid paying capital gains tax on the increase in the value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift. For income tax purposes, the value of such gifts may be deducted up to 30% of adjusted gross income, with an additional five-year carry forward.

Example: If you purchased stock years ago for $1,000, and it is now worth $10,000, an outright gift of that stock to the Montgomery College Foundation would result in a charitable deduction of $10,000. In addition, you permanently avoid paying capital gains tax on the $9,000 of appreciation.

Stock That Has Depreciated

You can sell the stock, take the capital loss on your tax return and easily donate the proceeds to the Montgomery College Foundation.
For more information on making a donation of stock or appreciated securities, please contact Director of Development Valessia Samaras at 240-567-7493 or valessia.samaras@montgomerycollege.edu.

Real Estate

If you own property that is not subject to a mortgage, a charitable gift of that property to the Montgomery College Foundation may be an attractive option. You can claim an income tax deduction based upon fair market value of the property, avoid all capital gains taxes and remove that asset from your taxable estate. Moreover, it would be a meaningful way to change the lives of students at Montgomery College for the better. All real estate gifts are subject to the prior approval of the Foundation’s Gift Acceptance Committee. For more information on making a gift of real estate, please contact Director of Development Valessia Samaras at 240-567-7493 or valessia.samaras@montgomerycollege.edu.

Planned Gifts

Beneficiary Designations

Montgomery College Foundation is grateful to be listed as a beneficiary of life insurance policies, commercial annuities, pay-on-death accounts, retirement plans, or other plans that are for a term of years. For further information, please contact Director of Gift Planning Elana Lippa at 240-567-5287 or elana.lippa@montgomerycollege.edu.

Bequests

Many friends of Montgomery College find that making a bequest to the Montgomery College Foundation through their will is a simple way to make significant gifts to the College. And, in some instances, this bequest can save on estate taxes. The College’s Foundation can be named as a beneficiary in a will in any one of a number of simple ways. Make sure to include the Foundation’s Tax ID #52-126-7008 in your will. For further information or to receive suggested bequest language tailored to you, please contact Director of Gift Planning Elana Lippa at 240-567-5287 or elana.lippa@montgomerycollege.edu.

Charitable Gift Annuities

In return for a gift of cash or property, the Montgomery College Foundation agrees to pay annual, fixed payments to you, you and your spouse or other(s) you name, every year for the rest of the annuitants‘ life. The donor receives a charitable tax deduction in the year of the gift, which can be carried over for up to 5 additional years. Additionally, annuity payments are partially tax-free. The Montgomery College Foundation adheres to the annuity rates suggested by the American Council on Gift Annuities. For more information on charitable gift annuities with Montgomery College, please contact Director of Gift Planning Elana Lippa at 240-567-5287 or elana.lippa@montgomerycollege.edu.

Charitable Trusts

Montgomery College Foundation gratefully accepts proceeds from charitable remainder and charitable lead trusts. Charitable remainder trusts are generally valued at least $150,000 and pay designated beneficiaries for a term of years, and the remainder is left to the charity or charities of choice. Charitable lead trusts are generally valued in the millions and pay one or more charities for a term of years, preserving the remainder for heirs. The Foundation can act as trustee of such trusts under certain circumstances. Trusteeship of charitable trusts is subject to the prior approval of the Foundation’s Gift Acceptance Committee. For further information, please contact Director of Gift Planning Elana Lippa at 240-567-5287 or elana.lippa@montgomerycollege.edu

Retained Life Estates

Do you live in a home that you own, is paid off but that you will not need after you pass away? You may be able to give your home to the Montgomery College Foundation now and still live there for the rest of your life. In exchange for ownership of your home, you would receive a charitable tax deduction and the satisfaction of knowing that you will be making a generous gift to support Montgomery College students in the future. When the Foundation enters into this arrangement, the donor continues to pay for the regular upkeep and maintenance of the home. This arrangement is subject to the prior approval of the Foundation’s Gift Acceptance Committee. For further information, please contact Director of Gift Planning Elana Lippa at 240-567-5287 or elana.lippa@montgomerycollege.edu .