What is endowment?

An endowment is a permanent "trust" account established by a donor. A total commitment of $25,000 will create an endowed scholarship, but the account may be built up over the course of multiple years. The Foundation bears fiduciary responsibility for management of endowment funds. A formal investment policy provides for both growth and expenditures.

Scholarships are the most important way that Hocking College keeps education accessible to a large number of students. Donors may stipulate criteria for selecting recipients with such determinants as academic excellence.

How do I fund an endowment?

Donations are accepted in the form of outright contributions, memorials or honorariums. A donor has five years to complete their commitment and activate their endowment. If the donor is unable to complete the $25,000 commitment within five years, their gift will be transferred to the Foundation fund or they may be granted an extension upon request.

How do I establish an endowment?

It is easy to establish an endowed scholarship in your name, in the name of your business or in honor of someone you love. By doing so, an annual scholarship will be given in perpetuity to a student who meets the requirements of your scholarship. Representatives of the Hocking College Foundation will work with you to execute an endowment agreement designed with or without criteria (stipulations, demographics, academic standing, academic programs, etc.). An endowment fully funded by December 31 will be awarded for the following academic year.

What is a Restricted Scholarship?

Restricted Scholarships are donations given directly to fund scholarships without the preservation of the original gift principal. These funds shall be expended as directed by the donor. There is a $15,000 minimum donation amount for a Restricted Scholarship.

How do I fund a Restricted Scholarship?

Donations are accepted in the form of outright contributions, memorials or honorariums.

How do I establish a Restricted Scholarship?

It is easy to establish a Restricted Scholarship in your name, in the name of your business or in honor of someone you love. Representatives of the Hocking College Foundation will work with you to execute an agreement, designed with or without criteria (stipulations, demographics, college or colleges attended, academic standing, academic programs, etc.) as you request.

Whether it is giving to an individual or to a charitable organization, the making of an appropriate, significant, charitable contribution is an art. Your gift, like art, evolves through a creative process that can and should change according to your wishes.

To maximize your income, capital gains and estate tax savings, you may wish to plan your donation in one of the following forms:

Bequests

If you would like to contribute to the Hocking College Foundation in the future through a bequest in your will or revocable trust, please contact the Foundation for details. Any donor who designates our organization in their will or trust will be a part of our Legacy Circle. This donation will support the Hocking College Foundation tomorrow and for many years to come.

Life Insurance

A donor may give a paid-up life insurance policy to the Hocking College Foundation, naming the Foundation as both owner and irrevocable beneficiary. You may also choose to give a life insurance policy that is not paid up if the Foundation is assured there is a reasonable expectation that the donor will continue to make gifts that will be at least equal to the cost of the premium of the policy.

Charitable Remainder Trust

This form of giving enables you to make a charitable gift, while enjoying a tax deduction, removing taxable assets from your estate and generating income for yourself, your family or anyone else you choose- for life or for a specified period.

There are two types of charitable remainder trusts. A unitrust provides income based on a set percentage of the trust principal that is chosen by you at the outset. An annuity trust provides a fixed dollar income that is chosen by you at the outset.

Charitable Lead Trust

The trustee of the Charitable Lead Trust pays the income of the trust to the Hocking College Foundation and, at the end of a fixed period of time the trust corpus is transferred to a non-charitable beneficiary. These gifts can produce dramatic gift and estate tax savings, providing for a way for you to be both philanthropic and preserve assets for your family and other heirs.

Charitable Gift Annuity

This is a contract between you and the Hocking College Foundation that provides a gift from the donor and annuity payments to the donor.

The Hocking College Foundation will gratefully accept your donation in the form of cash, checks, securities, real estate, personal property and bequests in your will. The Hocking College Foundation staff can assist you and your attorney or financial planner in deciding which planned gift opportunity will be most beneficial to you and the Foundation.

Unless you choose to restrict a planned gift or create a restricted endowment, all planned gifts will become part of the unrestricted endowment upon maturity. The unrestricted endowment, at the discretion of the Foundation Board of Directors, will be used for any of the charitable purposes of the Hocking College Foundation.

What is an In-kind Gift?

They are gifts intended for use in the form in which they are given. In-kind gifts afford you the opportunity to donate valuable items, property, or professional services to Hocking College Foundation. Examples include auction items for special events, office furniture, books, equipment, automobiles, real estate and services.

How do I donate an In-kind gift?

A donor may contact the Hocking College Foundation Office to discuss their proposed in-kind gift. To ensure that acceptance will not involve financial commitments or other obligations to either you as a donor or the Hocking College Foundation, each gift is carefully reviewed prior to acceptance.

Leave your mark on campus. Purchasing a paver allows you to create a personalized, lasting message in a designated area on campus.

Choose to honor a friend, loved one, or co-worker by purchasing a paver in their name. Not only will you honor someone special, but proceeds help Hocking College students by providing scholarships, grants and special college programs.

Pavers come in the following sizes:

Call the Hocking College Foundation office at 740.753.7010 to place your order. Payment may be made by check or credit card.