| Mississippi
Gulf Coast Community College Foundation
When you get involved with the Mississippi Gulf
Coast Community College Foundation, you're helping students, community
residents and yourself. There's so much you can do as a member of the
Foundation, like investing in scholarship programs, making contributions
in memory of a loved one and more. Read on to find out what the Foundation
is all about and what it can do for you. In turn, you'll find out why
your support is so important to us and your community.
If you'd like more information, call 601-928-6205.
If you'd rather write us, send your letter to MGCCC Alumni/Foundation
Office, P.O. Box 99, Perkinston, MS 39573-0099.
Board
of Directors | Investments
| Memberships | Memorials
Bequests | Trust Agreements
| Investment Securities
Land\Equipment\Life Insurance
| Cash Investment
An Investment
in People
Funds are invested in a non-profit organization for the benefit of local
students. This is the premise the Foundation is based on. And this is
why your investment in the Foundation is a living thing -- it's an investment
in people, some of whom will be the leaders of our communities
in years to come.
An
Investment in Your Community
You can invest tax-exempt funds in the Foundation for use in long-range
plans and scholarship programs. These funds become part of an endowment
that will eventually support many enrichment programs at all campuses
and centers of Gulf Coast.
Your investment may be undesignated, or you may place any restrictions
on it you desire. Unrestricted funds are invested with local banks in
the college district. So, your money is working at home for you as part
of our Foundation.
Memberships
A minimum investment of $250, with option to pay over a five-year period,
entitles you to become a members of the Foundation. There are so many
ways to invest, one is sure to be just right for you.
Memorials
Contribution in memory of a friend or relative in lieu of floral tributes.
Bequests
Memorialize a loved one by establishing, through your will, a scholarship
in his or her name. A part of your estate or a particular piece of property
may be invested in this way.
Trust Agreements
Trusts of many types may be worked out. Your attorney is the best person
to advise you on the kind of trust to establish and the tax advantages.
Investment
Securities
Stocks and bonds held for more than six months may be the easiest and
most advantageous way to invest. If the securities have gained in value,
you can avoid the capital gains tax and also claim a deduction for the
fair market value. If the securities have depreciated, you may sell them
and invest the proceeds, since you can take a tax loss on the drop in
value and also deduct the proceeds as a charitable contribution.
Land/Equipment/Life
Insurance
Ownership of land or equipment may be transferred with the investor retaining
the full or a percentage of the income for life.
The Foundation may be listed as the beneficiary of a life insurance policy
and receive the annual dividends from insurance policies.
Cash Investment
This probably gives you the greatest tax advantage. But whatever you
invest in and however you go about it, the most important fact is that
you have benefited everyone concerned -- yourself, your neighbors, thousands
of Gulf Coast students and your local community college.With our college enrollment at over 14,000, we need your support more
than ever.
An investment, no matter what size, in the Mississippi Gulf Coast Community
Foundation keeps on living and growing.
MGCCC Alumni and Friends Links
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