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Year-end giving to PCC benefits both students and donors

Published Tuesday, December 18, 2012
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For many Piedmont Community College (PCC) students, achieving their educational goals at PCC is dependent on financial assistance and other student support programs that help them along the way. They often benefit from the gifts of others to help ensure their success, the affordability of their college education, and their quest for excellence.  

If you would like to make a difference for PCC students both now and in the future, you might want to think about the various ways you can do so while also earning tax breaks for 2012. The PCC Foundation offers several options for year-end giving. Here are some you might wish to consider:  

Gifts of Cash
Consider a gift of cash. This is often the easiest gift and is usually fully deductible for donors who itemize deductions. Checks dated before Dec. 31, 2012, will be deductible on your 2012 tax returns.  

Gifts of Appreciated Securities
Giving gifts of appreciated stock bonds or other securities allow you to make a substantial gift while also offering several benefits for you, the donor:
· Avoid capital gain tax on the appreciated value.
· The amount of charitable income tax deduction is equal to the full fair-market value of the stock upon transfer.
· It is easy to do—simply provide your broker or financial advisor with the following wiring instructions.

If you wish to donate securities over a holiday in which the PCC Foundation offices are closed in December, please contact Ron Bremer at Edward Jones: Wiring Instructions: DTC ID #0057 FBO: Piedmont Community College Jones Account #245-11061-1-2 Telephone: (336) 597-3600 Address: Edward Jones 104 North Main Street Roxboro, NC 27573

If you own stock that has gone down in value, you may be able to sell the stock, make a gift from the cash proceeds and apply the realized loss on your 2012 tax return.  

Other Gifts
Other giving options include gifts from a will or Living Trust, gifts from a retirement plan and life income type gifts such as charitable remainder trusts.  

“We encourage you to consider these options and to always check with your financial advisor to determine the best options for you and your family,” said Elizabeth Townsend, Executive Director, PCC Foundation. “Your interest and financial support impact student success, faculty quality, and the College’s vital place in the community. At the same time, you can be part of a growing culture of philanthropy while also earning tax credit.”  

Consult the PCC website at www.piedmontcc.edu/Foundation for more information on the PCC Foundation and giving opportunities. You may contact Elizabeth Townsend, Executive Director, PCC Foundation, at (336) 599-1181, ext. 2102 or townsee@piedmontcc.edu.