The Carillon Society creates opportunity for all
Since 1964, HACC has served as a beacon – calling all who desire an opportunity for a brighter future.
Keeping the doors to education open for all is at the heart of what HACC does. The enduring symbol of this vision is the Helen Y. Swope Carillon. HACC’s Carillon attests to the enduring mission of HACC to change lives and serve our communities. In recognition of this symbol, the HACC Foundation provides donors with an opportunity to create a lasting legacy through the Carillon Society.
Charitable gift planning allows you to support issues and causes that matter to you long into the future. By so doing, you can realize substantial tax, estate planning, and other financial benefits.
Bequests are the simplest of all planned gifts. You can choose to leave specific named assets to the HACC Foundation, a stated amount, or you can determine the residual or a certain percentage of your estate to benefit the College.
Gifts of Retained Life Estate
A gift of retained life estate – a vacation home, second home, or family home – allows you to use the house for your entire life. You receive an immediate income tax deduction for the market value of the house, avoid capital gains taxes, and remove the asset from your taxable estate.
Life insurance policies that are no longer needed make good gifts. You simply change the beneficiary and the ownership of a paid-up policy to the HACC Foundation, or purchase a new life insurance policy naming the HACC Foundation as beneficiary and owner and pay the premium directly to the Foundation. Premium payments are tax deductible.
The Charitable Gift Annuity is a contract between you, the donor, and the HACC Foundation. In exchange for specified assets, the Foundation guarantees a certain payout for life. This gift provides an immediate income tax deduction and highly favorable capital gains tax results. It also removes assets from your taxable estate.
When you give highly appreciated securities to the HACC Foundation, the College receives the full value of those securities and you avoid having to pay the appreciation tax. You also receive an immediate income tax deduction.
For more details about leaving a legacy through the Carillon Society, please contact:
Brian T. Pinto, MPA, CFRE
Director of Development
Office of College Advancement
HACC, Central Pennsylvania’s Community College
Mailing Address: One HACC Drive, Harrisburg, PA 17110