Learn Serve Lead Centennial Campaign
Carroll, like other higher educational institutions, relies on tuition to meet academic and operating expenses. To ensure that our students thrive in these challenging economic times, the Learn - Serve - Lead Centennial Campaign is focused on scholarship support. This is a direct financial infusion into Carroll's body of current and prospective students, and it will bring us sustained enrollment and strong retention.Most Carroll students receive several scholarships through different endowed funds to pay their tuition and expenses. Scholarships do not create debt; scholarship money does not require pay-back. Instead, scholarships maintain access to higher education and position students for the best chance of economic success after graduation.
The Board of Trustees, the President and other campaign leaders have committed their hearts and funds to this campaign and wholeheartedly support its emphasis on scholarships. Now, we need the community of Carroll family and friends to rally around this great cause and our students. Present pledges, pledges spread over many years, estate intentions, long-term planned gifts, and of course donations here and now to directly help our students today-all of these options are available to those who seek to change history for the college and for its future graduates.
If there ever was a moment of decision in Carroll's modern history, it is now. With your mind, heart and gifts, we ask you to join this great mission for Carroll's future.
CURRENT GIFTS
Gifts are always appreciated for general funding needs or you may designate to fund specific programs. For example, at Carroll College donors often choose to fund scholarships, new programs and academic development.
- Cash - Gifts of cash given by check, money transfers and credit cards enable the donor to claim an income tax deduction for the full value of the gift.
- Securities - Stocks, bonds, and mutual funds, owned for a minimum of one year, may be donated by contacting your fund manager to make the transfer.
- Appreciated Stock - transfer stock directly to the non-profit at current market value and avoid capital gains. Example; stock cost basis $2,000 with a current market value of $4000. Your gift and tax deduction is $4,000.
- Depreciated Stock - sell stock, take a capital loss, donate funds and receive a deduction.
- Real Estate - A primary or secondary residence, farm, vacation home, commercial building or undeveloped parcel of land are welcome gifts. The real estate may be used by the non-profit or they may sell it and utilize the funds. Donated appreciated real estate allows a deduction at the current market value and avoidance of a capital gain tax.
- Tangible Personal Property - Collections, art, automobiles, recreation vehicles, equipment, patents, copyrights, etc. may be charitable gifts. Tax deductions are dependent on the related use for the non-profit.
- Charitable IRA Rollover - Traditional IRAs and Roth IRAs may now be donated directly to qualified non-profits. You must be 70½ or older on the day of the gift. The amount is excluded from Federal income taxes meaning that the IRA distribution is not included as taxable income. Donating your annual IRA payment satisfies the required minimum distribution. Up to $100,000 per person, per year is allowed for 2006 and 2007 only. For this type of gift more than the standard 50% of income may be donated.
PLANNED GIFTS
For information on ways to support Carroll College through planned or deferred giving, click visit our charitable planned giving website.
Results IMPACT 2007-2008!
With the help of many, over $470,000 was contributed to the IMPACT Annual Fund and the St. Charles Borromeo Guild for student scholarships during the 2007-2008 fiscal year. Thank you for making a difference in the lives of Carroll students!!
IMPACT Annual Fund 2008-2009 Calendar
- 9/1/08 Faculty/Staff Campaign
- 9/15/08 Alumni Fall Phonothon
- 1/29/09 IMPACT Team Leader Luncheon
- 2/10/09 IMPACT Business Campaign Kickoff Breakfast
- 2/17/09 Friends & Parents Spring Phonothon
- 3/10/08 IMPACT Business Campaign Wrap Up CHEERS Party
