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Every day countless students, faculty, and programs benefit from the generosity of our alumni and friends. Every gift makes a
difference. Your gift makes a difference.
A gift to the Foundation can be
used
to add to an existing program or scholarship; this may include a current restricted or unrestricted use established as an Endowment
Fund for scholarships, department chairs, and programs in perpetuity.
You have two ways of donating. Follow
the "Donate Online" button prompts to make a secure cash donation online. Or, you can
follow the "Donate Offline" button prompts to print, designate
the program or scholarship, complete and mail your
donation and the donation form to us.
The Grossmont College Foundation accepts gifts of all types including cash, mutual funds, closely held stock,
appreciated securities, real estate, tangible personal property, life insurance, and beneficiary designations.
As described below
Types of Gifts (summary)
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Direct Gift - Simply make a contribution of any asset to assist the
Foundation program and or scholarship. The donation can be unrestricted
meanings available for college wide needs or for a specific project. To donate cash online, click the "Donate
Online" button above.
To donate offline, click the
"Donate Offline" button above.
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Bequests - A donor simply incorporates the appropriate language in their will or estate documents leaving a
specific sum or percentage to the charity. (Please see “Making A Gift” below).
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Chartable Remainder Trust - This method allows donors to create a trust with assets managed by a trustee. The
donor receives an income-tax deduction in the year that the trust is created.
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Memorials and Endowments - a gift to Grossmont College in your name or the name of your loved one while
realizing tax benefits for your kindness.
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Charitable Lead Trust – Make a donation now while reducing the tax costs for your heirs in the future.
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Charitable Gift Annuity - Gift annuities are simple contracts in which you exchange a gift of cash or securities
for a guaranteed, fixed income each year for the rest of your life. Advantages include income for life, tax
deduction and capital gains tax savings, and tax-free income.
Making a Gift
Bequest in a Will or Trust
Testamentary gifts made by a provision in a will or revocable living trust may be for a stated sum of money or a percentage
of the residuary estate of an individual. A specific bequest of a described piece of property also may be made. Bequest
language incorporated into a will or trust specifies how a testamentary gift is to benefit Grossmont College through the
Foundation. Although unrestricted bequests are encouraged because they can be used immediately at the time they
are received, bequests designated for a particular purpose are also possible and greatly appreciated.
The following excerpts of wills and trusts provide helpful information for individuals considering a gift of money or
property to the Grossmont College Foundation, a California Non Profit Corporation 501(c) (3). Minimum amounts are
required to establish named funds. Please contact the Foundation Office for details (619)644-7109.
SAMPLE BEQUEST PROVISIONS (for review by donor's attorney)
UNRESTRICTED BEQUEST
For a percentage of an Estate
“I hereby give and bequeath to the Grossmont College Foundation, a
California Non Profit Corporation located in El Cajon, California,
______% of the residue of my estate as an unrestricted bequest to be
used for its general purposes.”
UNRESTRICTED BEQUEST
For a Specific Amount or Specific Property
“I hereby give and bequeath to the Grossmont College Foundation, a
California Non Profit Corporation,
[the sum of ________ dollars] [the following described property:
[_________] as an unrestricted bequest to
be used for its general purposes”.
RESTRICTED BEQUEST
“I
hereby give and bequeath to the Grossmont College Foundation, a
California Non Profit Corporation located in El Cajon, California
[_______% of the residue of my estate] [the sum of
__________dollars] [the following described property: (________] to
be used for ________ (state the particular college department,
program or other purpose). However, if the (specific program) at
Grossmont College ceases to exist, the bequest and any income and
appreciation from it may be used for the general purposes of
Grossmont College Foundation.
ENDOWMENT BEQUEST
“I
hereby give and bequeath to the Grossmont College Foundation, a
California Non Profit Corporation located in El Cajon, California,
[_________% of the residue of my estate] [the sum of
________dollars] [the following described property: (______)] to
establish the _____ Fund* for the purpose of (________). The Fund is
to be invested for total return, appreciation plus income, with
annual distributions of income and appreciation as determined by the
board of trustees of the Grossmont College Foundation. However, if
the (specific purpose or program mentioned above) ceases to exist at
Grossmont College the fund may be used for the general purposes of
the Grossmont College Foundation.
SCHOLARSHIP ENDOWMENT BEQUEST
“I
hereby give and bequeath to the Grossmont College Foundation, a
California Non Profit Corporation located in El Cajon, California,
[_______% of the residue of my estate] [the sum of _______dollars]
[the following described property: (______)] to establish the
_______ Fund* for the purpose of providing financial aid to student,
attending [Grossmont College] [(specific program) at Grossmont
College]. The Fund is to be invested for total return, appreciation
plus income, with annual distributions of income and appreciation
for the provision of such financial aid as determined by the board
of trustees of the Grossmont College Foundation. However, if the
(specific program) at Grossmont College ceases to exist, the income
and appreciation may be used to provide financial aid for students
attending other programs at Grossmont College.
RESIDUARY BEQUEST
“I
hereby give and bequeath all the rest, residue and remainder of my
estate, both real and personal, to the Grossmont College Foundation,
a California Non Profit Corporation, located in El Cajon, California
to be used for _____________.”
CONTINGENCY BEQUEST
“ In
the event that none of the beneficiaries named above is living or in
existence on the date of my death, I hereby give and bequeath all
the rest, residue and remainder of any estate, both real and
personal, to the Grossmont College Foundation, a Non Profit
Corporation located in El Cajon, California to be used for
_____________.”
Minimum
amounts are required to establish named fund. Please contact the
Foundation Office for details.
To help Grossmont College, its students, and
the community:
Please
call the Foundation Office at (619) 644-7109
or send an email to Ernest
Ewin
or
write to:
Executive Director
Grossmont College Foundation
Grossmont College
8800 Grossmont College Drive
El Cajon, CA 92020
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