Most Convenient Ways to Give


 

Additional Ways to Give

Most banks offer a bill payment system. You can contribute to the HACC Foundation directly through this system. You pick the contribution amount and provide your bank with the HACC Foundation's information, and your bank will automatically mail a check to the HACC Foundation on a regular basis (including weekly, monthly and annually). This option is quick, convenient and typically free. Please provide the following contact information to your bank: 

HACC Foundation 
PO Box 8915 
Lancaster, PA 17604-9966 
717-780-2321

When you transfer assets to the HACC Foundation to establish a trust, you or your beneficiaries will receive a lifetime income. Eventually, the remaining assets of the trust will pass on to the HACC Foundation. This gift works particularly well for those who need an ongoing revenue stream. Be sure to work closely with your accountant, attorney and the HACC Foundation to complete proper documentation.

Did you know YOU may have the power to multiply your gift to HACC? YOU may be able to direct your employer to give to a cause you care about by applying for matching gift funds. Many employers will match your charitable donations.

Please see if your employer will match your donation by visiting www.hacc.edu/givenow and entering your employer into the matching gift field.

 

SelectEmployer

 

Your employer is not listed? No problem. Please ask your human resources department about your company’s matching gift policy. If your company has a matching gift program, please:

or

  • Complete a contribution form (pdf), include your completed matching gift form and make your check payable to the HACC Foundation and mail them to:
    • HACC Foundation
      PO Box 8915
      Lancaster, PA 17604-9966

 

If you have already made a gift and did not provide matching gift information, please send your completed matching gift form to foundation@hacc.edu.

Your company will send the matching gift to the HACC Foundation once they receive verification from us.

Thank you!



Using payroll deduction (pdf), HACC employees have the unique opportunity to contribute to scholarship and program funds that directly impact YOUR students and programs at HACC! Your support will continue to provide opportunities for our students to earn a top-quality education using the best available technology and equipment without incurring crushing amounts of debt in the process. Thank you for your dedication and support!

Generous individuals have donated works of art, books, equipment and other gifts of personal property to the College, depending, of course, on whether there is need for such items. If the College chooses to accept an item, then your deduction will be based on that item's appraised value. It is important that you work with one of our fundraisers to determine if your personal property is needed at the College. Please contact us at foundation@hacc.edu for more information.

Charitable gift planning allows you to support issues and causes that matter to you long into the future. By so doing, you may 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. If you are considering remembering HACC in your will, now is the time to plan with your attorney and a representative of the HACC Foundation. For your convenience, we have sample bequest language (pdf) that you may use.
     
  • 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.

If you own property that is not subject to a mortgage and that has appreciated in value, you may want to consider a charitable gift in connection with that property. You can claim an income tax deduction based upon the fair market value of the property. We invite you to contact the HACC Foundation at an early stage in your planning to ascertain how the College might best use your property.

Designating the HACC Foundation as a beneficiary of a portion of your retirement funds is a very generous act. If you decide to make such a gift, be sure to list the HACC Foundation with the administrator or person in charge of your IRA, profit sharing account or other retirement plan. There are many ways to contribute to HACC, and we value all of them greatly.

HACC and the HACC Foundation, a 501(c)(3) non-profit organization that raises private funds for HACC, are pleased to offer sponsorship opportunities. Detailed information is available at www.hacc.edu/sponsorships.

Your support is extremely important to us. Sponsorships benefit HACC students, programs and the College's critical needs.

Please consider becoming a sponsor. Your support will change destinies for your neighbors, your friends and perhaps even your family members. By becoming a sponsor, you are sending a clear message that you care about education in our community.

Your contribution to the HACC Foundation is tax deductible (except for goods and services).

Questions? Please contact sponsorships@hacc.edu.

Is Appreciated Stock a Part of Your Gift Portfolio?

If you are revisiting your charitable giving strategies this year, please consider the potential tax benefits of donating your long-term appreciated stock to the HACC Foundation.

 

What is appreciated stock?

Appreciated stocks or securities are investments that have increased in value from the time they were purchased. Appreciated stock has the potential to be a more efficient tax benefit than cash gifts, helping you to reduce capital gain taxes

 

How will this benefit YOU?

If you itemize deductions and choose to donate appreciated stock, you can claim a charitable deduction that is equal to the stock’s fair market value.

In addition, you may reduce any capital gains taxes that you would pay if you were to sell the stock and donate the proceeds. If you are facing the net investment income tax or the top capital gains rate, donating appreciated stock could lower your tax liability.

Deductions on appreciated stocks are limited to 30 percent of your adjusted gross income, compared with 60 percent for cash donations. Also, to maximize the potential tax benefits, ensure that you are not donating stock worth less than your cost basis (the original value of your asset).

 

How do I donate my appreciated stock?

If you wish to donate your appreciated stock to the HACC Foundation, please consult your tax, legal and accounting advisors first. After consulting your advisors, please complete the form or contact us at foundation@hacc.edu.

The HACC Foundation, established in 1985, is a Pennsylvania nonprofit corporation exempt from federal income tax under section 501(c)3 of the Internal Revenue Code. The HACC Foundation raises private and corporate contributions in support of HACC, Central Pennsylvania’s Community College.

The HACC Foundation does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only. This material is not intended to provide and/or be relied on for tax, legal or accounting advice.

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Potential Tax and Income Benefits of Giving

Donors to the HACC Foundation may experience tax and income benefits. For example:

  • Charitable deductions could provide an income savings for the value of the gift dependent on the donor's tax rate.
  • Donors may reduce 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 this information is tentative and subject to  change and that all circumstances are different. This information is not  intended or written to be used, and cannot be used, for purposes of avoiding  tax penalties that may be imposed on any taxpayer. Please consult your attorney or financial advisor for more  information.

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