Ways to Give

As a Heartland alumni, retiree, employee or friend you can do more for the college than you may have ever thought possible by considering a planned gift.

Bequests

A bequest is a gift of any form or amount made outright in an individual’s will. Charitable bequests to the HCC Foundation can be included when executing a new will or added to an existing will through a codicil and are fully deductible for federal estate tax.

You may leave an unrestricted or restricted bequest of cash, property, or a portion or the entire residue of your estate. An unrestricted gift is the most valuable to the Foundation and is allocated where the need is the greatest, however you may establish your own endowment or contribute to an existing fund. View sample language (PDF).

Life insurance

Gifts of life insurance allow a donor to provide for beneficiaries, achieve substantial tax savings and make a larger gift than might otherwise have been possible. There are a number of ways to give a gift of life insurance. A policy can be contributed to the HCC Foundation or the Foundation can be named as a beneficiary or successor beneficiary of the policy.

Real estate

Gifts of appreciated real estate, such as a home, vacation property or undeveloped land, may allow a donor to avoid significant tax liability. There are various ways property may be donated.

Retirement plan assets

One frequently overlooked way to make a charitable contribution is by using qualified retirement assets. By naming the HCC Foundation as a beneficiary of your retirement account, you maintain lifetime control of these assets which pass to the Foundation upon your death. Your estate may be able to avoid certain income and estate taxes.