Foundation

The simplest way to give.

If you wish to make a straightforward gift of cash, your gift is tax deductible in the year in which it is made. Contributions are tax deductible to the fullest extent allowed by law.

Instructions:

Fill out the pledge form and attach a check made payable to Green River Community College Foundation.

Mail to:
Green River Community College Foundation
12401 SE 320th Street
Auburn, WA 98092-3622

Enjoy double tax savings

Gifts of appreciated securities can provide substantial income tax savings. If you have held securities for more than a year, you are allowed to deduct the market value of the securities without paying tax on the appreciation. Remember, do not sell appreciated securities and then donate the proceeds. Transfer the stock to Green River Community College Foundation to make full use of the potential tax savings.

Maximize the value of your property.

Green River may be able to accept appreciated real estate or personal property such as art, jewelry, or antiques. Please contact us in advance of making your gift so that we can discuss the process and tax implications.

Connecting People, Resources and Opportunities.

A gift of life insurance is another way to fulfill your charitable goals. You can receive a current income tax charitable deduction when you assign ownership of a policy to GRCC Foundation and name the foundation as beneficiary of the life insurance policy. If the policy is not fully paid-up, you can deduct for the annual premiums. If you wish to continue to hold your life insurance policy, you can still name GRCC Foundation as a beneficiary or a contingent beneficiary of the policy.

Receive a tax deduction and help Green River Community College.

Your unwanted vehicle can provide you with a charitable tax deduction and benefit Green River students at the same time. Green River Community College, together with the Skills USA/VICA club (Vocational Instructional Club of America) accepts vehicle donations. Students in the Automotive Technology Program use the cars to improve their skills, and Skills USA/VICA then sells the cars at auction.

One-hundred percent of the proceeds go to Skills USA/VICA at Green River Community College, because the Skills USA/VICA club organizes the auction. In the past, the club has used the money from auctions to support students both with scholarships and as they participate in Skills USA/VICA competitions.

The donor receives a tax donation receipt for their charitable gift. Your gift is deductible to the fullest extent allowed by law. Previously, the donor was allowed to deduct the "fair market value" of the vehicle. Beginning January 1, 2005, the tax laws changed.

• If the claimed value of the vehicle exceeds $500.00, you may deduct only the amount that the charitable organization received at auction
• When a vehicle is sold through a Skills USA/VICA auction, Green River Community College will send a statement to the donor with the auction price
• That is the value you may use for tax deductions, not the "fair market value"

This is still a win/win/win situation regardless of tax law changes.

• WIN: You receive a tax deduction
• WIN: The students have vehicles to practice their skills
• WIN: Skills USA/VICA receive funds to support its programs

You can contact either the Automotive Department (253-833-9111, ext. 4236) or the Foundation (253-288-3330) for information about donating a vehicle.