Individuals, corporations, foundations, and service organizations that choose to invest in Mountain Gateway Community College through the Educational Foundation have a number of giving options available to meet their philanthropic preferences. MGCC welcomes gifts of all types and can work with you and your financial advisor to maximize the tax benefits for you.
Tax deductible contributions may be mailed to the following address or made online:
Mountain Gateway Community College Educational Foundation
1000 College Drive
Clifton Forge, VA 24422
Giving Today
Annual Gift: Gifts to the College can be made at any time through the Foundation’s Annual fund. Although annual, unrestricted gifts allow the College to determine the best use of the gift, the Foundation also welcomes annual gifts that are restricted to a specific purpose, such as a scholarship fund.
Major Gifts: Gifts of $30,000 or more, with installments paid over as many as five years, can be made for any number of purposes. For example, a major gift can be given to establish a scholarship or to fund a special project.
Giving Tomorrow
“It takes a noble man to plant a seed for a tree
that will someday give shade to people he may never meet.”
~ David E. Trueblood
Planned Gifts enable you to provide for future generations of MGCC students and leave your legacy. In some cases, planned gifts allow you to make a larger gift than you thought possible. Planned giving options include bequests, naming the College as a beneficiary for retirement savings or life insurance plans, and charitable gift annuities and trusts.
Consult your financial advisor for details.
Giving Restrictions
Unrestricted Gifts: Unrestricted gifts have no stipulation as to purpose and are intended for use where the need is greatest. These gifts enable the College to pivot its focus quickly to meet the constantly evolving and, at times, unforeseen needs of the service area.
Restricted Gifts: Restricted gifts are those given for a specific purpose designated by the donor.
Giving Options
Cash: Cash is the most common vehicle for giving and may be used to fund restricted or unrestricted gifts.
Pledges: Pledges also may be used to fund restricted or unrestricted gifts. Payable over five years, a pledge may also be used to fund a named endowment.
Stocks/Bonds: These gifts are transferred directly to the Educational Foundation investment firm, which will cash and invest the funds according to the Foundation’s investment policy.
Marketable Property: This may include securities, real property, and saleable personal property.
Rights and Insurance: This may include royalties, copyrights, trademark rights, insurance policies, and naming the MGCC Educational Foundation as a beneficiary.
Gifts-in-Kind: Any gifts that are to be used in the form in which they are given: art objects, books, equipment, services, etc.
Matching: You may be able to take advantage of your company’s corporate matching gift program. These programs allow you, as an employee, to direct your organization’s corporate philanthropy to the benefit of MGCC when they match your personal gift. Inquire at your human resources or employee benefits office to determine if your company will match your gift.
We invite you to consider becoming an investor in MGCC. For more information regarding gifts to the MGCC Educational Foundation, please contact Amy Phillips, Foundation Director, at 540-863-2837 or aphillips@mgcc.edu.
We look forward to hearing from you.