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About Us

Background
The HACC Foundation is a 501(c)(3) nonprofit organization that was established in 1985 to raise private and corporate revenues in support of HACC, Central Pennsylvania's Community College. The HACC Foundation endowment consists of more than 295 funds totaling more than $29 million, making the HACC Foundation one of the wealthiest community college foundations in the nation. In fiscal year 2011-12 alone, the HACC Foundation contributed close to $2.2 million to the College in scholarships, special programs and facilities and provided financial assistance to 1,067 students.

Contributions to the HACC Foundation are accepted in the form of unrestricted gifts to augment endowed funds, contributions to existing or new scholarship programs or award funds, support for academic and workforce programs, sponsorship of special events and cultural programs, and contributions made in honor or in memory of individuals. In addition, the Foundation holds annual events, including the Frank J. Dixon Golf Tournament for Scholarships, and various scholarship award ceremonies.

Total HACC Foundation Support of the College
During 2011-12, the HACC Foundation provided support totaling almost $2.2 million to College programs as follows:

Foundation Support

Total Gifts to the HACC Foundation in 2011-12
Thanks to our generous donors, the HACC Foundation received a total of $3,131,796 in gifts from individuals and organizations between July 1, 2011 and June 30, 2012.

Foundation Gifts

For more information on the HACC Foundation, visit http://www.hacc.edu/HACCFoundation/.

Need for Support
The Foundation strives to provide revenues in support of HACC and HACC students, to ensure that the College provides quality, state-of-the-art equipment and programs at each campus. Contributions to the HACC Foundation are essential to the future of the College and the community.

Current Foundation Projects
The HACC Foundation is focused on increasing the funds for scholarships and improvement projects.

In addition to scholarships, the Foundation is focused on raising funds for the following:

  • Post-9/11 GI Bill Yellow Ribbon Program
  • President's Fund for Excellence
  • Campus Emergency Assistance Fund

Click here for a complete list of current priority project needs.

Scholarships
All scholarships, whether named or endowed, can be established with a minimum annual gift of $3,000. Scholarships can be named in honor or memory of a family member, professor or other individual or group.

Foundation Assets
As of Sept. 30, 2012, HACC Foundation endowment consists of more than 295 funds totaling more than $29 million, making the HACC Foundation one of the wealthiest community college foundations in the nation. In fiscal year 2011-12 alone, the HACC Foundation contributed close to $2.2 million to the College in scholarships, special programs and facilities and provided financial assistance to 1,067 students.

Ways to Contribute
Contributions to the HACC Foundation are accepted in the form of unrestricted gifts to augment endowed funds, contributions to existing or new scholarship programs or award funds, support for academic and workforce programs and sponsorship of special events and cultural programs. In addition, the Foundation holds annual events, including the Frank J. Dixon Golf Tournament for Scholarships, and various scholarship award ceremonies. Plus, contributions can be made in honor or in memory of individuals, which invites membership in the Carillon Society. Membership in the Society is an honor extended by the HACC Foundation to all those who inform us that they have included the College in their estate plans.

Contributions can be made to the HACC Foundation in the form of:

  • Cash, check or credit card gifts
  • Charitable gift annuities
  • Charitable lead trusts
  • Charitable remainder trusts
  • Corporate and matching gifts
  • Gifts-in-kind
  • Life insurance
  • Matching gifts
  • Monthly giving
  • Online giving
  • Personal property
  • Real estate
  • Retained life estate
  • Retirement savings
  • Securities
  • Stocks and bonds
  • Will bequests

Potential Tax and Income Benefits of Giving
Donors to the HACC Foundation may experience tax and income benefits. For example:

  • Cash contributions are tax deductible as an itemized deduction in the year you make the donation, up to a total of 50 percent of your adjusted gross income. Amounts in excess of 50 percent can be deducted over the next five years.
  • Charitable deductions could provide an income savings for the value of the gift dependent on the donor's tax rate.
  • Donors can avoid capital gains on securities and/or property gifts.
  • Federal estate tax is eliminated on the value of a gift made via a will or revocable trust.  

Please note that all circumstances are different. Consult your attorney or financial advisor for more information.

HACC Foundation Board
The HACC Foundation is governed by a board of directors, composed of leaders from the private and corporate sectors. The Foundation's board judiciously administers funds so that the mission of the College can be fully realized. For a list of current Foundation board members, click here.


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