Outright Gifts to SCCO

Outright Gifts to SCCO

Outright gifts include contributions of cash, written pledges (usually paid within five years) and securities.

You may give the donation to the College to be used at its discretion to strengthen every aspect of the institution – supporting operations, scholarships, faculty development, student life and much more – or designate your gift to one of several areas of interest within the College.

Gifts may be specifically designated toward:

Student Assistance – in the form of a scholarship,
award or an emergency loan
Clinical Program – such as specific equipment
or patient care
Research Projects
Special Projects – such as the Shared Visions
Artist Assistance Fund

A unique gift is a Memorial Gift – made in memory of a loved one, designated to either a specific program or to the College as a whole. In addition to the good created by the financial donation, the honored one’s name is inscribed in the Memorial Endowment Book available for viewing on the campus.

Gifts of Cash Details

Donors who itemize their deductions may deduct gifts of cash up to 50% of their adjusted gross income in a given year. Gifts that exceed this amount can have the charitable deduction "carried forward" for up to five additional years.

To restrict a cash gift to a specific purpose, note the restriction on the memo portion of the check, or send an accompanying letter of explanation.

A payment plan can be easily customized. To set up a pledge payment program, call 714.449.7471.

The College’s fundraising year matches its fiscal year: July 1 through June 30.

Gifts of Securities Details

Appreciated stock, which owners have held for more than one year, will provide substantial tax benefits to the donor. In addition to receiving an income tax deduction equal to the fair market value of the stock on the effective date of the transfer, the donor will avoid paying capital gains taxes on the appreciation.

Example:
Several years ago you purchased 200 shares of stock at $25/share. Today, the fair market value of the shares is $100/share. If you sold the stock and paid the capital gains tax, then gave the proceeds to SCCO, the gift would total $17,000.		However, if you transferred the stock directly to SCCO you would pay no capital gains tax and SCCO would receive a tax-deductible gift of $20,000.
Purchase price Current FMV Gain on Sale Capital Gains Tax (15%) Net Proceeds Tax-Deductible Gift	$ 5,000 20,000 15,000 2,250 17,750 17,750	Purchase price Current FMV Gain on Sale Capital Gains Tax (15%) Net Proceeds Tax-Deductible Gift	$ 5,000 20,000 0 0 20,000 20,000

Gifts are valued at the average of the high and low selling price of the stock on the date of delivery to the College – either the postmark date if mailed (assigned stock); the date when deposited in an SCCO account at an approved brokerage; or the date when hand-delivered. Appreciated securities are also ideal to fund gift annuities and charitable trusts.

Any examples given are meant to be illustrations of the benefits of charitable vehicles available to you. This should not be construed as legal or tax accounting advice. Always consult an attorney for specific arrangements. The College can assist you in this regard.

For further information on donations of securities, fill out the Request for Information Form or contact Bill Heaton, Vice President of Advancement at wheaton@scco.edu or at 714.449.7471.