A GUIDE TO GIVING
Gifts to Eureka College are an investment in the future of the men and women who study here. Thousands of individuals have generously invested in the future of Eureka and the advancement of our legacy. Here are some ways you can make your gift to Eureka College.
Checks and Credit Cards
Planned or Deferred Gifts
CHECKS AND CREDIT CARDS
Checks are the most common form of gifts. Visa, Mastercard, and Discover cards may also be used to make gifts to the College. If you wish to make a gift by credit card, you can make your gift online right now.
If you or your spouse work for a company that matches gifts to colleges and universities, your gift to Eureka can be doubled or tripled. Many subsidiaries of parent companies also are eligible. Retired employees often qualify as well. Simply obtain a matching gift form from your personnel office, follow the instructions for initiating the match and send the completed form with your gift.
The “Gift in Kind” donation is the contribution of goods or services that would otherwise cost the College money. The donor receives credit for the fair market value of the gift. Receiving this type of contribution allows the College to replace the cost of the service with the cash and rechannel that money. In kind gifts must be approved by the College before transfer.
APPRECIATED STOCKS/ SECURITIES
Appreciated stocks and securities make excellent gifts. When such assets have appreciated significantly the capital gain tax is avoided by gifting. The current value is the tax deductible value of the gift.
How is the value of the gift determined?
The average of the high and low for the asset on the day it is transferred determines the value of the gift.
When is the gift effective?
Security gifts are effective on the day a stock certificate is delivered or mailed to the College or its agent, on the day it is transferred electronically to the College’s account. Please contact the Development Office to clarify based on the manner in which you intend to transfer the asset.
PLANNED OR DEFERRED GIFTS
There are a number of vehicles available to donors who would like to make a more significant gift by using a deferred means. Details about each vehicle are available by contacting the Development Office. Such vehicles include:
– Including Eureka College in your will (see description below)
– Charitable Remainder Unitrusts
– Gift Annuities (see description below)
– Life Insurance
– Pooled Income Funds
– A personal residence or family farm, retaining a lifetime interest
Including Eureka in Your Will
Estate gifts are the ultimate expression of commitment and dedication to Eureka. If you have already included Eureka in your will or are contemplating your estate plans please contact the Development Office or telephone 1-877-892-7823.
The charitable gift annuity has been used by many individuals who wish to make meaningful contributions to the College, and provide for their future financial well being. A gift annuity makes it possible to give to Eureka and, in exchange, you and/or someone else you designate will receive a guaranteed income for life. Eureka can arrange for annuity payments to be directly deposited to your checking or savings account. For more information on Gift Annuities contact the Development Officeor telephone 1-877-892-7823.
CAPITAL GIFTS AT EUREKA COLLEGE
Some individuals choose to honor family or friends, or support College programs by establishing endowed funds. The income from these invested funds provides annual support for the designated program. An endowed fund may be created at any level. The Trustees have set $10,000 as the minimum for a named scholarship endowment. Minimums have also been established for endowed lectureships and chairs.
Endowed Scholarship Support
Some individuals choose to honor friends, loved ones, or faculty members by establishing an Endowed Scholarship. Investment returns on endowed scholarships are awarded annually in the name of the individual(s) honored. In order to maintain sufficient scholarship levels, a minimum of $10,000 is required to establish an endowed scholarship at Eureka College.
At various times the College conducts special campaigns for capital gifts. These funds are used for new construction, major renovations, equipment and other capital improvements to campus. Gifts designated for capital purposes may be made at anytime, even when a campaign is not in progress.