Gift Planning
Planned giving provides alumni and friends with an opportunity to benefit the college's foundation while providing for themselves and their heirs and while simultaneously reducing the amount of their income and estate that will be subject to taxes.
There are many ways in which your giving can blend with your own financial planning, resulting in a generous gift to the foundation and favorable outcomes for the donor. Achievement of the desired results requires careful planning. Please contact Susan K. Kubik, Executive Director Northampton Community College Foundation, at (610) 861-5451 for more information.
Learn how planned giving can help you accomplish your financial, estate and other charitable giving goals with our gift calculator.
Following are common inquires made of our gift planning staff:
Which is the best asset for me to give?
Which is "best" depends on the donor's circumstances. Typical gifts include cash, securities, closely held stock, real estate, life insurance or personal property.
Does the foundation accept bequests?
Yes. Individuals who disclose a provision for the college in their will our eligible for members in our Heritage Society.
How should I make a gift of securities?
A substantial tax advantage may be available if you gift highly appreciated stock. If the stocks are in your possession, mail the unendorsed certificates to:
Susan K. Kubik
Executive Director
Northampton Community College Foundation
3835 Green Pond RD
Bethlehem, PA 18020-7599
In a separate envelope, mail to the same address one signed stock form for each type of security you are contributing. Do not sell the stock in your own name, as you may be liable for capital gains tax.
If the securities are in a bank or brokerage account, ask your broker to contact the foundation for instructions by calling Susan K. Kubik at (610) 861-5451. Our Federal tax Number is 23-2064496.
What is the Heritage Society?
The Heritage Society recognizes people who have made and disclosed to the foundation an intention to benefit the college in their will. Typical bequests include a fixed amount or a percentage of the estate. Contact the foundation for actual language of bequest.
What is the Laureate Society?
The Laureate Society is a perpetual recognition society, founded in 2001, honoring those individuals and organizations whose contributions to the Foundation exceed $50,000.
Does the college accept gifts of art or other property?
Yes, the college accepts gifts personal property provided that the property can be utilized for a purpose related to the college's educational programming. Given the very diverse nature of our educational offerings, chances are that we can utilize the particular gift you have in mind.
What about other opportunities?
Perhaps you bought a life insurance policy some number of years ago but now find yourself over-covered. Consider naming the college as the beneficiary of the policy. Retirement plan assets are facing double taxation. If you leave the assets to your heirs, you're creating "income in respect of decedent", subject to estate tax and to income tax for the recipient. If you can make other provisions for your family, the best option for your retirement assets may be a charitable gift.
The options for donors are nearly unlimited, as are the benefits that a gift brings to the foundation. Successful gift planning requires careful thought, insight into your current circumstances and consideration of all the options for maximum benefit for the donor and the foundation. We are at your service; feel free to call us at (610) 861-5451 for specific questions or to obtain more information.
