Many people who support Pitt Community College’s mission say they derive great satisfaction from their generosity and would like to do more. We can suggest creative ways to support the college and its students — ways you may not have considered. The PCC Foundation may receive gifts of cash, securities, deferred gifts, property, equipment, in-kind gifts, and materials. These gifts are used to provide funds for scholarships, educational activities, and educational materials that can assist students and/or enhance PCC services.
Contributions can be made online or mailed to the following address:
Pitt Community College Foundation
P.O. Drawer 7007
Greenville, N.C. 27835
Friends of the college are invited each year to support the foundation’s annual fund drive. Contributions may be made at any time during the year. Contributions can be designated to programs or scholarships, or they may simply be designated to support the educational activities of the college. The PCC Foundation Board carefully uses general non-designated contributions to provide extra support to current and planned programs and to support innovative projects. All PCC alumni, employees, trustees, foundation board, and community residents are encouraged to participate. For more information, contact John Bacon, Director of Alumni & Annual Fund at 252-493-7229.
Cash gifts are the most common form of giving and are as easy to make as writing a check to the Pitt Community College Foundation. Your gift is tax deductible to the extent of the law. Many states allow state tax charitable deductions that can make your gifts even more economical. You can also establish a multi-year pledge to extend the impact of your gift.
MATCHING GIFT PROGRAM
You can double or triple your gift through a matching gift program. To make a matching gift, talk with your company’s human resources or community relations department.
SECURITIES AND STOCKS
The PCC Foundation is pleased to receive gifts of stocks, bonds, securities and real estate. Staff members will be happy to assist you and if needed, professional financial, legal, or real estate advisors to develop plans for your gifts.
By donating securities held (more than one year), you may avoid capital gains tax on the appreciation and receive a charitable deduction for the full market share of your donation. Stocks can be transferred to the foundation’s account electronically or by mail.
For additional information on making legacy gift contributions, please contact PCC Foundation Executive Director Beth Sigmon at (252) 493-7834.
By donating gifts of property, you may avoid capital gains tax on your profit and you may receive an income tax charitable deduction for the full market value of the property.
The federal income tax deduction encourages the support of nonprofit institutions, like the PCC Foundation, by reducing the out-of-pocket cost of your philanthropy.
Each year you may deduct up to 50 percent of your adjusted gross income for cash gifts and 30 percent for gifts of long-term capital gain property. If you make both types of gifts, the total deduction cannot exceed 50 percent of your adjusted gross income. If your gift exceeds the ceiling, the excess deduction can be carried over and deducted for up to five years.
You may qualify to get two tax benefits from a gift of an appreciated asset you have held more than a year: complete avoidance of capital gains tax on the property’s appreciation, plus the deduction for its current market value (instead of the lower cost basis).
*The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.