The Foundation accepts gifts in support of the activities directly related to the mission of Edison
College including cash, property, securities, bequests and trust and life income arrangements.
You may call our offices directly to give by credit card, or download the appropriate form to the right and return it through mail or fax. You may also drop off the form at any of our offices located here.
Whatever your reason for giving, choose the method that best suits your circumstances. Fortunately, you have many valuable options.
You can make an outright gift that assures you a current tax deduction and allows the Foundation to use the gift now for current needs of the college. Or, you can give a deferred gift for our ultimate use, a plan that assures you a current tax deduction plus other benefits.
The following table explains the basic differences from both your viewpoint and ours.
TYPE OF GIFT
YOUR BENEFITS
FOUNDATION BENEFITS
Cash
Tax deduction
Immediate use for our current needs
Securities
Tax deduction
Tax avoidance on gain
Immediate use of income or sale of proceeds
Personal property for related use by the Foundation
Tax deduction
Tax avoidance on gain
Immediate use of property
Real property
Tax deduction
Tax avoidance on gain
Immediate use of property or its income or sale proceeds
Life Insurance
Current and possible future tax deductions
Ultimate use of policy proceeds
Life estate in home or farm
Continued use
Tax deduction
Tax avoidance on gain
Estate tax savings
Ultimate use of property or its sale proceeds
Annuity trust or unitrust
Life income
Tax deduction
Tax avoidance on gain
Ultimate use of gift after lifetimes of you and any other beneficiary
Lead trust
Allows property to be passed to others with reduced gift and estate taxes
Use of income for term of trust
Bequest
Estate tax savings
Ultimate use of gift
ESTABLISHING SCHOLARSHIP FUNDS
Named Endowed Funds
$10,000 or more
General Scholarship Fund
Endowed funds less than $10,000
Current Use Scholarships
$500 or more annually
($1,500 provides full one-year scholarship)
FUNDS FOR DIRECT SUPPORT OF ACADEMIC PROGRAMS
Endowed Funds or Current Use Gifts
Endowed Faculty Chairs
GIFTS TO THE ANNUAL FUND
Gifts of any amount are appreciated.
Gifts of $500 or more are recognized by membership in the Board of Patrons.
LEVELS OF DONOR RECOGNITION
THOMAS EDISON SOCIETY
Members have made cumulative
gifts of $100,000 or more.
AMBASSADOR'S CIRCLE
Members have made cumulative
gifts of $50,000 - $99,999.
CHAIRMAN'S CIRCLE
Members have made cumulative
gifts of $25,000 - $49,999.
PRESIDENT'S CLUB
Members have made cumulative
gifts of $10,000 - $24,999.
BOARD OF PATRONS
Annual gifts of $500 or more.
LEGACY SOCIETY
Members have named the college
in their wills or insurance policies.