Ways to Give
The RCCD Foundation’s success and commitment to deliver essential education and training programs are possible only through continued financial contributions from individuals and businesses.
There are many ways to donate to the RCCD Foundation. Each choice takes into consideration your personal circumstances and interests.
Your donation illustrates your belief in the power of providing quality, affordable education that can change lives now and for generations to come.
Your generous donations provide:
- Scholarships to deserving students
- Innovative training and classes to meet the demands of today's global marketplace
- Capital for essential facilities and changing technologies
- While the RCCD Foundation appreciates any and all contributions, unrestricted support is preferred because it allows us to respond quickly to the changing needs of Moreno Valley College, Norco College and Riverside City College, as identified by college leadership.
Individuals, businesses and community groups who donate unrestricted gifts of $1,000 or more to the RCCD Foundation become part of RCCD Foundation’s Century Circle. They earn recognition, exclusive benefits and opportunities.
Here are some of the most common Ways to Give:
- Cash and Pledges
- Matching Gifts
- Stocks and Bonds
- Real Estate
- Personal Property
The RCCD Foundation honors visionary individuals who include the Foundation in their estate plans or other planned gift arrangements.
These Heritage Circle members receive special benefits and recognition from the Foundation as well as possible lifetime income, a current tax deduction, or other estate-planning benefits.
Here are some ways to support current and future students, faculty and initiatives of the colleges through estate planning:
- Life Insurance
- Retirement Savings
- Retained Life Insurance
- Charitable Gift Annuities
- Charitable Remainder Trusts
- Charitable Lead Trusts
Cash and Pledges
Cash gifts are the most popular and convenient way of supporting the RCCD Foundation. This also provides the added benefit of your gift having an immediate impact. Checks made out to the RCCD Foundation can be designated as unrestricted, which means it can be used where it is most needed, or to a specific project or fund of your choice. You many also make a multi-year pledge to increase your gift and maximize your tax benefits.
Many corporations have matching gift programs that may multiply the value of gifts from their employees, officers, retirees and spouses. Typically, matching gift forms are available from your company's Human Resources offices.
Stock and Bonds
Current market conditions have created ideal giving opportunities for appreciated assets such as stocks, bonds, and other forms of securities. Securities are deductible to the extent of their market value on the date of the gift, subject to usual charitable gift limits.
Donations through the RCCD Foundation of private, commercial or industrial real estate can be of tremendous value. Consultation with the Foundation during the early stages of your gift planning is highly recommended.
The Foundation accepts equipment that can be used in the educational mission of our colleges. Please contact the Foundation office directly to discuss your possible gift. IRS regulations require that you obtain a certified appraisal for equipment contributions of more than $5,000.
Works of art, books, vehicles, etc. are considered gifts of personal property and are accepted by the Foundation if they support the educational missions of our colleges. Your deduction will depend on the appraised value and how your gift will be used by the College that receives it.
Insurance gifts can benefit the RCCD Foundation in many ways. A policy that is no longer required for its original purpose may be transferred to the Foundation or a new policy naming the Foundation as a beneficiary can be developed as a long-term planned gift. We welcome the opportunity to work with you and your insurance agent.
You may also name the RCCD Foundation as a beneficiary of all or part of your retirement plan. New legislation offers excellent opportunities in this area for individuals over 70 ½ years of age. The Foundation will work closely with the administrator of your retirement assets to assist with this type of arrangement.
A bequest is a simple and effective way to contribute to RCCD beyond your lifetime after your loved ones have been provided for. Your gift may be a bequest of a specific dollar amount; a residuary bequest of all or a portion of your estate; a contingent bequest; or a testamentary trust. Often a charitable bequest can be made simply with the addition of a codicil to your existing will. The RCCD Foundation can provide you with sample codicil language.
Retained Life Estate
You can deed property (your personal residence, vacation home, etc.) to the RCCD Foundation with the agreement that you and/or your spouse retain the right to live in the house for the remainder of your life. You receive an immediate tax benefit for the gift.
Charitable Gift Annuities
Establishing a gift annuity allows you to receive from the Foundation a guaranteed, partly tax free income for life in exchange for a gift of cash or other assets. You are entitled to an immediate tax deduction and may realize other tax savings if your gift is funded with appreciated assets such as securities or real estate. A plan may also be devised through which a spouse, parent or loved one can receive the guaranteed payments if your income is adequate. A deferred payment can also be arranged, providing a greater tax deduction and larger guaranteed payments beginning at a future date. This is often used to plan for retirement income or provide money for college.
Charitable Remainder Trusts
By transferring assets such as personal property to the RCCD Foundation to establish a trust, you or a beneficiary receive income for your lifetime or a period of years. Eventually, the remaining assets of the trust pass on to the RCCD Foundation. This gift works well if you need current income, and can offer significant tax benefits.
Charitable Lead Trusts
You may transfer assets to a trust for a fixed number of years. The interest earned during those years will go to the RCCD Foundation. At the end of the established time period, the remaining principal will go back to you or your beneficiaries. This gift works well if you do not need current income and want the asset to go to a beneficiary. This option also offers significant tax benefits. Other giving options are available to meet your needs while benefiting the district and its students. Please call the RCCD Foundation Office at 951-222-8627 for more information and assistance.