Ways to Share
Help create a stronger Bay College
The Gift of Education
Current, planned and endowment gifts plant seeds for the present and offer ongoing nourishment for the future. Gifts of any amount, at any time, collectively foster greatness. Discover how you can help us create success, and open the door to a broader, heightened and more influential college for the betterment of each student, our communities and the world in which we live.
Giving Today for Immediate Impact
Cash gifts are the most popular way to give because of simplicity. Just make a check payable to the Bay College Foundation, request your credit card to be charged or transfer funds. Automatic payments via accounts or credit cards are an option for reoccurring gifts, allowing you to manage your cash flow while sustaining your impact through consistent contributions. Each payment is tax deductible.
Gifts of Cash
Cash gifts are the most popular way to give the gift of education. Cash gifts are made by checks payable to the Bay College Foundation, or by credit card for the amount you choose. Recurring gifts & pledges of intention to make a gift over time allow you to maximize your impact through consistent contributions. Matching gift employee plans double or triple the impact of your gift if available.
Distribution of Retirement Assets
Tax incentives allow you to direct your required minimum distribution (RMD) of retirement accounts to qualified charities such as Bay College tax-free. Minimum distributions of IRA and defined retirement accounts, such as 401(k)s, 403(b)s and profit-sharing plans, are required and taxable upon at age of 70 ½ or in other defined circumstances.
Transfer of Securities and Property
Giving stocks, bonds and mutual fund securities benefit Bay College and provide you even greater tax benefits than an equivalent cash gift. The rewards may surprise you. You receive a charitable deduction for the full market value of the asset donated and avoid capital gain taxes - strengthening the impact of your gift. You can also gift valuable collectible assets such as artwork, jewelry, collections, second home or real estate.
Plan to Leave a Lasting Legacy
Do you want to leave a legacy that lives forever? Do you desire to make a gift that aligns your charitable goals with your longer-term financial goals? Planned giving incorporates tax, estate and timing strategies, allowing you to maximize your gift’s impact both for Bay College and for your individual circumstances. Consider creating a stronger Bay College by making a planned gift from your assets and/or estate. A small effort on your part can make a big difference to students.
Planned Gifts and Charitable Bequests
Intentions made in wills or trusts enable you to make significant contributions that may not have been possible during your lifetime. The most obvious is to remember the Bay College Foundation in your will. Plan to designate Bay College a portion of your estate or property; leave a legacy! By making your intent known in advance, the Foundation can plan for the future while recognizing your generosity during your lifetime. It is as simple as…
"I give and devise to the Bay College Foundation, a portion of my estate, both real and personal, to be used for general support."
Retirement and Asset Accounts
When you take the small step of naming our mission as the Payable on Death (POD) or Transfer on Death (TOC) beneficiary of your retirement, investment, checking or savings account, you help students and Bay College continue important work. The also avoids taxes to your heirs. A gift like this will not affect your lifestyle and it will make a tremendous impact on those we serve. Designate any remaining retirement plans or other asset accounts to Bay College as beneficiary upon your passing, or a portion there of, to fund the passion of your choosing. Charitable gift annuities and trusts are other gifting options.
Beneficiary of Life Insurance
You may find in your later years that you do not need all the insurance you once did. Transfer ownership of a life insurance policy or account tax-free to Bay College; you are immediately eligible for a charitable tax deduction on the current value of your paid up policy. It is an inexpensive way to make a substantial contribution to Bay College. Or, name the Bay College Foundation as beneficiary, and transfer accordingly. If there’s a will, there’s a way. What will you leave behind?