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 601-928-6344. If you’d rather write us, send your letter to MGCCC Alumni/Foundation Office, P.O. Box 99, Perkinston, MS 39573-0099.
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.
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.
Contribution in memory of a friend or relative in lieu of floral tributes.
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.
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.
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.
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.
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.
An investment, no matter what size, in the Mississippi Gulf Coast Community Foundation keeps on living and growing.