Legacy Gift Giving
Naming the Gulf Coast State College Foundation, Inc., as a beneficiary in a will, insurance policy, or trust allows you to influence and touch the future by enriching the lives of generations of students.
A planned gift is a contribution that is intentionally designed to give the maximum benefits to you, your family, and the organization you choose to benefit. It can be given in many forms.
The simplest method is to remember the Gulf Coast State College Foundation, Inc., as a beneficiary in your will or life insurance policy. A gift of $20,000 can endow a named scholarship in perpetuity. Gifts of greater amounts can receive other naming recognitions on the GCSC campus appropriate to the level of the contribution.
Making a planned gift doesn’t have to be complicated. Wills can be amended through a simple codicil without the need to rewrite the original agreement. A memorandum of understanding can be arranged with the GCSC Foundation outlining the conditions and eventual use of the deferred gift when it is received.
A gift of a life insurance policy owned by the Foundation can result in a donation of many times the cost of the policy and savings in federal income taxes.
Gifts of appreciated securities, mutual funds, property, and/or collections provide donors the opportunity to receive an income tax deduction while minimizing the capital gains tax that would be owed otherwise.
Representatives of the GCSC Foundation would welcome the opportunity to talk with you and your attorney or financial advisor about these issues. While we cannot provide legal advice or estate planning, we can outline options and offer general suggestions. We would also be pleased to refer you to professionals who specialize in these areas.
For more information, please visit our “Learn More” link or call Dunkin McLane, Assistant Director at 850.872.3810.
Mr. and Mrs. Harold Beyer
Mrs. Helen Q. Ingram
Dr. M. Melissa Lavender
David and Julia Ruschmann
Mr. and Mrs. Floyd Skinner