Ways to Give
The RCC Foundation is registered with New York State as a charitable foundation and recognized as a 501(c)(3) organization by the Internal Revenue Service.
There are number of ways to contribute to the Rockland Community College Foundation to fund resources needed by our student. Gifts to the foundation can be made in cash, pledges, real or personal property, stocks, bonds, bequests, life insurance, retirement savings, planned giving, or corporate matching gift programs.
The Annual Fund is the most important source of unrestricted revenue for Rockland Community College. Gifts to the Annual Fund allows the college the flexibility to provide resources to those areas with greatest need. The Rockland Community College Annual Fund turns individual gifts into a collective pool of support bridging the gap between tuition and the real cost of a RCC education. With your help, Rockland Community College will continue to provide excellent education for years to come.
Pledges provide a longer-term commitment over a period of time designated by you in accordance with college schedules and commitments. Pledges can be made on an annual and/or continuing basis. Pledges cannot be claimed as a tax deduction until the gift is actually made. The Foundation Office administers all pledges, sending acknowledgments, receipts and future reminders. To establish a pledge, contact the Foundation Office at 845-574 - 4576
Many business and corporations match the personal gifts made by their employees, retirees and families to educational institutions. Please check with your Human Resource Department to determine whether your employer has a matching gift program.
Stocks and Bonds
Gifts of appreciated mutual funds, stocks and certain bonds may enable donors to contribute a larger gift at less cost. Transferring gifts of securities, stocks and bonds to the Foundation is easy and can provide significant tax benefits through income tax deductions, as well as eliminating capital gains taxes. Please instruct your broker to contact us to ensure that crediting of the gift is handled effectively and efficiently.
A gift of a life insurance policy provides a wonderful legacy to the college. This is a good use of paid-up policies that are no longer needed by family members. Consult with your insurance professional to learn of the types of insurance gifts you can make.
Honors and Memorials
Gifts may be made in honor of or in memory of family members, friends or mentors. Gifts can also be done to acknowledge significant milestones such as graduations, anniversaries, significant achievements, etc. Such gifts are acknowledged and are fitting ways to memorialize family members or friends.
Bequests through wills enable people to make significant contributions that might not be possible during their lifetime. You may include the Rockland Community College Foundation in your will by stipulating a specific sum or a percent of your residuary estate. Consult your attorney or other estate planning professional for proper execution of your bequest.
In addition to outright gifts or money or stock, you may choose a planned gift. Charitable Remainder Trusts and Charitable Lead Trusts are examples of planned giving. Planned gifts provide significant tax savings as well as many other benefits. Consult your tax professional to learn which choice may be right for you.
Gifts of Real Estate
A gift of appreciated real estate can provide a charitable tax deduction and elimination of capital gains tax. The Foundation liquidates gifts of real estate immediately when you or your spouse no longer needs it. Consult your tax advisor to learn more about gifts of real estate.
Each year, the Rockland Community College Foundation awards over $350,000 in scholarships to incoming, continuing/returning, and graduating students. Scholarships have various criteria and can include academic achievement, athletic or artistic talents, member of an underrepresented group, resident of the county, high school attended, or demonstrated financial need.