Ways to Give

You may give the Educational Foundation a cash gift in which your out-of-pocket cost is less than the dollar amount of the gift because of the allowable income tax deduction. The actual savings from the tax deduction of your contribution will vary due to your tax rate and other factors. Generally, the higher your tax rate, the greater your savings.

Please make checks payable to the BRCC Educational Foundation.

Your gift of non-cash property – such as securities or real estate – may provide an ideal way for you to make a contribution. Gifts of this type, especially of appreciated property, may be more advantageous than outright cash gifts because you can make a larger gift at a lower cost.

Gifts of Personal Property

Your gift to the Educational Foundation of artwork, books, and furnishings would be considered a gift of personal property. Your deduction will depend on the appraised value and how the College will use the gift.

Current tax laws make it possible for you to make a charitable gift of stock at a remarkably low after-tax cost. This tax savings is achieved in two ways. First, you pay no capital gains tax upon the transfer of stock to us. Second, you receive an income tax charitable deduction for the full fair market value of the stock on the date of the gift (assuming you have held the stock for longer than twelve months).

There are three commonly used methods for delivering a stock to BRCC:

• If you are delivering the stock to us through a broker, instruct your broker to hold the stock for our account; do not instruct your broker to sell the stock, either in your name or in our name, as this may affect capital gains tax liability. The date your broker transfers the stock into our account controls the valuing of the gift. Your broker should contact Graves Light Lenhart – DTC 0164, Angela Moats or Kara Morgan at (540) 433-3076. Our account title/registration is Blue Ridge Community College Educational Foundation Inc. and the receiving institution is Charles Schwab. Your broker should notify Ms. Moats or Ms. Morgan to provide the BRCC Educational Foundation with your name, any restrictions on the use of the gift, and the expected date of transfer. To further eliminate any errors in crediting your gift, it is important for you to notify the BRCC Educational Foundation Office at 540-453-2211 or 1-888-750-2722 ext. 2211 to describe the gift (# of shares of XYZ Company), provide the date of transfer and any restrictions on the use of the gift.
• If you are delivering the stock by hand, the best course of action is to sign a separate stock assignment form, which is often called a stock power, as opposed to endorsing the back of the stock certificate. Stock power forms are available from your banker or broker. If you cannot or do not wish to deliver the stock to us by hand at our office, we will arrange to meet with you at your home or office. The date of physical delivery to us controls the valuing of the gift.
• If you are delivering the stock by mail, we recommend that you send the stock certificate(s) and the signed stock power(s) in separate envelopes. We further recommend that the stock certificate(s) be sent by registered or certified mail, return receipt requested. Please enclose a cover letter providing your name, address, and telephone number along with any designated purpose for which the gift is being made. We will need a separate stock power form for each certificate of stock; be sure to sign the stock power(s) exactly as the name reads on the stock certificate. Do not fill in our name on the stock power. Stock power forms are available from your banker or broker. The date of the postmark controls the valuing of the gift, assuming the certificate(s) and stock power(s) are received in due course.

For stock regularly traded on a stock exchange, the charitable deduction is determined by using the average between the high and the low price on the date of the gift.

A charitable gift annuity is a method of planned giving whereby a donor gives a charitable organization an asset (usually appreciated securities or real estate) in return for a fixed income stream for life. The income from the gift annuity will always remain the same, providing the donor with a secure income that is not subject to market fluctuations. A portion of the gift annuity income is tax-free because it is considered a return of principal. In addition, the donor receives a current income tax charitable deduction for a portion of the gift. By funding a gift annuity with a highly appreciated asset, such as stocks or real estate, a donor can also reduce significantly the amount of capital gains tax he/she would owe if he/she simply sold the asset.

The BRCC Educational Foundation received the property pictured here on August 14, 2000, through a charitable gift annuity arrangement with the donor, Mrs. Julia N. Grandle.

Promote Blue Ridge Community College by buying the special BRCC plates from the Virginia Department of Motor Vehicles. The plates have the College’s logo in dark blue in the center of the plate, surrounded by up to six characters.

By purchasing the plates, you’ll not only be displaying your affiliation; you’ll be supporting the College financially. After the first thousand plates are sold, $15 of the $25 purchase fee will be given to the BRCC Educational Foundation.

For more information about BRCC license plates, please visit the DMV website.

Payroll Deductions

Payroll deduction is a relatively “painless” way to make a contribution to the BRCC Educational Foundation; it also eliminates the need for check writing and reminder notices!

Payroll Deduction Form

Payroll Deduction Authorization Form (PDF)