Gifts to the JCC Foundation may take a variety of forms according to the needs and resources of our many donors. Gifts can be made in cash or through pledges, in real or personal property, in stocks or bonds, and through bequests or other planned gifts. The JCC Foundation is registered with New York State as a charitable foundation and recognized as a 501(c)(3) organization by the Internal Revenue Service.
Your unrestricted gift to the annual fund provides the college with the flexibility to respond to college priorities and apply funds to the area of greatest need, whether it be new computers, the update of the library or a physics lab, or a special lecture program. The gift closes the gap between tuition and the real cost of a JCC education.
Gifts may be given on an unrestricted or restricted basis whereby only the earnings are used. The principal of these endowed funds continues in perpetuity.
Your gift may be made over a period of time designated by you in accordance with college schedules and commitments. Pledges may also be made on an annual and continuing basis. Many college employees take advantage of payroll deduction for giving to the JCC Foundation.
You may elect to support the college through a bequest, life insurance policy, pooled life income fund, a charitable remainder trust or any other type of deferred gift. Such plans may offer you significant and multiple tax benefits in addition to assuring the college of future resources for development. Trust agreements and gifts of real estate which may provide financial advantages to you, to the college, and to your heirs can also be established. The foundation staff can provide you with information on these opportunities.
Pooled Life Income Fund
This fund is a charitable trust that permits irrevocable gifts of $5,000 or more from separate donors to be commingled for investment purposes. The donor, the donor and their spouse, or a third party non-charitable beneficiary receive a proportionate share of the net income earned by the trust each year. Upon the death of the donor or beneficiary, the gift is distributed to the JCC Foundation.
Capital Campaigns and Major Gifts
Capital campaigns are conducted periodically to raise substantial funds for building projects or for enhancements of programs and services. Naming opportunities are extended to those providing major gifts.
Gifts may be directed to the college or the JCC Foundation by family recommendation at the time of death. Such gifts are acknowledged and are fitting ways to memorialize family members or friends.
Jamestown Community College believes that a college education should be within the reach of every student and currently provides over 70 scholarship programs for its students. Last year over $460,000 in scholarship dollars were awarded to approximately 500 students. Many of these scholarship programs are dispersed through the JCC Foundation.
For a list of scholarships available to JCC students, click here.