As a GRCC Foundation supporter, you know how meaningful your gifts are to the students you help each year. You can have an even greater impact for generations to come by including GRCC Foundation in your long-term financial plans.
Creating an estate plan that includes charitable giving can give you financial peace of mind, ease tax burdens on your heirs, and create a lasting legacy of caring in your community. When you work with your financial planner, consider including GRCC Foundation in one of these ways:
A gift in your will or revocable living trust. Known as a bequest, this form of giving is accomplished simply by including a few sentences in your will or living trust. If you've already created your will, your estate planning attorney can easily make an amendment to your will, called a codicil.
A gift of a percentage of your retirement plan assets. One of the most tax-wise ways to support our mission after your lifetime is to name GRCC Foundation as the primary or contingent beneficiary of a portion of your retirement plan. (The portion that you leave to family members could eventually be taxed at rates of up to 39.6 percent -- and even higher -- if estate taxes are assessed, whereas charitable organizations such as GRCC Foundation receive your gift without owing taxes.)
A gift of a percentage of your life insurance death benefits. You already know you can use life insurance to make sure your family is financially secure should anything happen to you. But did you know you can meet this goal while also using a portion of your policy to benefit our work? Consider naming GRCC Foundation as a partial beneficiary for a percentage of your policy, while retaining ownership of the policy (and thus the right to change the beneficiary designation at any time during your life). For example, you might consider designating 90 percent of the death benefit to your family and the remaining percentage to GRCC Foundation.
Are you considering including GRCC in your estate plans? Talk to us about how your planned gift can ensure West Michigan students receive an affordable, high-quality education now and into the future. Contact Corey Turner, development manager of Alumni and Planned Giving at (616) 234-3025 or firstname.lastname@example.org
You can also visit our planned giving website: grcclegacy.org
New Scholarships for the 2017-18 Year
- Kenyatta and Tracey Brame Scholarship
- Cascade Engineering Scholarship
- Godfrey-Lee Public Schools Graduate Scholarship
- Jr. GIANTS Scholarship Fund
- Devon Quinn Kurzhals RAD Tech Scholarship
- Dr. Bill Pink Investiture Grant - GRCC Student Food Pantry
- Sy VanderKooy Culinary Scholarship