Bristol Community College

Bristol Community College
http://bristolcc.edu/

Ways to Give

State funding in 2009 made up less than 40% of the College’s operating budget. The gifts and support of alumni and friends make the difference between opportunity and limitations. Your support of the BCC Foundation provides grants that enhance the classroom, purchases needed gear to equip learning spaces, and funds emergency loans that keep students on track to take on the world.

Annual Fund

Gifts to the Annual Fund are unrestricted contributions which the Foundation can use to meet the College’s greatest needs. Unrestricted giving allows us to take advantage of unexpected opportunities as they arise. While budgets are often decided far in advance, these dollars allow us to enhance educational experiences in unexpected ways. Gifts may be made online, in cash, by check, or with appreciated securities. Make a donation. Secure online and telephone credit card transactions can be a cost-effective way for nonprofits to receive donations. Credit card transactions allow the Foundation to receive funds faster, without the time delay of check processing. Also, donors do not need to use a stamp.

Questions? Call us at 508 687-2811, ext 2007, or email us.

FAQs

Restricted Support

Scholarships

As higher education becomes increasingly expensive, BCC cherishes the generous gifts from alumni and friends that lead to scholarships for our current and prospective students. Many donors choose to memorialize or pay tribute to a friend or loved one through the establishment of a scholarship fund.

How to establish a scholarship

Endowed Scholarships

Endowed scholarships provide invaluable educational access to students who otherwise may not be able to afford this academic opportunity and privilege. Endowed scholarships enable us to assist our hardworking students without tapping annual operating funds or relying on tuition increases. Creating an endowment scholarship truly changes students’ lives. Making this incomparable gift of education more widely accessible is truly a gift of broader horizons and bigger and brighter dreams and the means to achieve them.

An endowed scholarship requires a contribution of at least $15,000. This amount (the principal) is invested, and the principal will remain intact in perpetuity, allowing the donation to have an impact over a longer period of time than if it were spent all at once. Each year the earnings on the endowment are awarded to the student or students who meet the criteria set forth by the donor. As the principal and interest grow and as inflation raises the costs of education, the amount of the annual scholarship can also be increased. For information about establishing a scholarship with an initial investment of less than $15,000, please see Temporary Scholarships, below.

You may fund your endowment with Bristol Community College over a period of several years with the understanding that it will not become a named endowment until the balance reaches $15,000.

Endowed scholarship funds are ‘restricted’. This means that they can only be used to provide a scholarship based on the criteria set forth by the donor in the scholarship agreement.

To accomplish this purpose, the fund shall be invested by the Foundation with the objective of earning maximum annual income consistent with preservation of principal. Foundation investment policy statement.

If at any time after execution of this agreement the purpose for which this fund was intended becomes no longer possible or unnecessary, the Foundation Board of Directors may re-designate the purpose of the fund providing that the fund shall continue to bear the fund name, and that the amended terms shall adhere as closely as possible to the donor’s original intent for the fund.

Sample endowed scholarship agreement.

For more information on establishing an endowed scholarship at Bristol Community College, contact Elizabeth McCarthy, Vice President of Resource Development at 508-678-2811, ext. 2235.

Temporary Scholarships

Donors who wish to create a scholarship, but cannot fully fund the $10,000 necessary to set up an endowed scholarship may want to consider a temporary scholarship. It is possible to create a temporary scholarship immediately, with the intention of making annual contributions sufficient to endow the scholarship over time. A temporary scholarship may be funded with an initial donation of as little as $500.

Temporary scholarships are non interest earning. They are awarded according to the criteria set forth by the donor, and exist as long as there is money available to award. Once all funds have been awarded, the temporary scholarship is dissolved.

If at any time after execution of this agreement the purpose for which this fund was intended becomes no longer possible or unnecessary, the Foundation Board of Directors may re-designate the purpose of the fund providing that the fund shall continue to bear the fund name, and that the amended terms shall adhere as closely as possible to the donor’s original intent for the fund.

Sample temporary scholarship agreement.

For more information on establishing a temporary scholarship at Bristol Community College, contact Elizabeth McCarthy, Vice President of Resource Development at 508-678-2811, ext. 2235.

Program Support

These gifts are restricted to the uses stipulated when the funds were originated. See our list of funds and scholarships.

Planned Giving

Planned giving encompasses a variety of philanthropic strategies that help you provide for charity while also advancing your own financial and personal objectives. Some types of planned gifts include:

Bequests

Bequests are made primarily through gifts of cash, securities, real estate and tangible personal property.

Suggested specific bequest language: I give ____% (or $________) of my estate to the Bristol Community College Foundation, Inc. for the purpose of endowment to be used wherever the need is greatest.

Suggested residuary bequest language: I give all my remaining assets to the Bristol Community College Foundation, Inc. for the purpose of endowment to be used wherever the need is greatest.

Suggested restricted bequest for a specific purpose language: I give ______% (or $__________) of my estate to the Bristol Community College Foundation, Inc. for the purpose of endowment, restricted for the use of ________________________________ (specify program or department). If at any time in the judgment of the Bristol Community College Foundation Board of Directors it is deemed impossible or impractical to carry out the above purpose, the Directors shall determine a purpose as near as possible to that described above.

Retirement Plans.

The BCC Foundation is designated as a beneficiary of the remainder or a percentage of the remainder of your retirement plan.

Other creative ways to give include charitable trusts and other options. Your financial advisor can craft a variety of plans to meet your giving needs. Please contact the Foundation for additional information at 508 678.2811, ext 2007.

View our Gift Acceptance Policy