Ways to Give

Ways to Give

Tax-Deductible Gifts

Gifts you make to the Del Mar College Foundation are tax-deductible to the full extent allowed by current tax laws. The Foundation has 501(c)(3) tax-exempt status. Every gift from you is promptly acknowledged with a letter of appreciation/receipt, which you may use for tax purposes.

A gift may be designated or it may be made unrestricted. Unrestricted gifts may be used where the need is greatest. A gift that is designated for a particular program, department, campaign, project, or scholarship will be applied only to the area specified by the donor.

Pledges (Letter of Intent)

A pledge is a written commitment to pay a specified amount sometime in the future. It may be paid annually, quarterly or monthly over one to five years. You may establish a pledge to the Foundation in the following ways:

  • Completing and signing a "letter of intent" form provided by the Foundation
  • Writing and signing a personal letter addressed to the Del Mar College Foundation outlining the specifics of the pledge 
  • Completing a pledge card provided by the Foundation

(Please note: The Foundation will provide a written receipt indicating the amount, designation and method of payment of the pledge. After each payment is made, a receipt will be mailed to you confirming the amount received.)

A pledge that is payable over multiple years affords you the opportunity to make a more substantial gift than might be possible if you were limited to making payment in full within a single year. 

Increase Your Impact with Matching Gifts

Use the form below to find out if your employer will match your donations to Del Mar College Foundation. You will receive an email with detailed instructions to follow to ensure your gift is matched by your employer.

Gifts of Cash

Cash gifts can be used to offset up to 50 percent of your adjusted gross income in the year of the gift. For people in the 28 percent tax bracket, a $10,000 cash gift can provide a direct benefit of $2,800 in the form of tax savings. The portion of the gift that exceeds 50 percent of your adjusted gross income may be carried forward for up to five additional years. Checks should be made out to the Del Mar College Foundation, Inc. with a memo on the check stating your wishes as to how the funds should be used.

Credit Card Gifts

Donors who like the ease and convenience of making regular gifts using a credit card may make donations through their Visa or MasterCard. For many credit card owners, this is a sensible way to make sustained, regular gifts to the Foundation, receive frequent flyer miles, and other company incentives in return.

Automatic Bank Draft

Donors wishing to make regular gifts over a sustained period of time often establish an automatic bank draft on their checking account as an easy and efficient way to give. Working with your bank, credit union, or savings organization, Foundation representatives can help you create a system for making regular gifts, which will remain in force until you elect to change it.

Appreciated or Depreciated Property

Appreciated stock, stock which is held for more than one year, can make an excellent gift. Not only do you avoid capital gains taxes on the gifted amount, but you also receive a tax deduction for the full fair-market value of your gift. The full value may be used to offset up to 30 percent of your adjusted gross income. The portion of the gift that exceeds the 30 percent threshold may be carried forward for up to five additional years.

If you own an investment that has decreased in value since you have owned it, consider selling it and making a charitable gift of all or a portion of the cash proceeds. In addition to an income tax deduction for the cash contribution, this creates a loss you may be able to deduct from other taxable income. The combined amount of the deductible loss and charitable deduction could actually total more than the current value of the investment.

Bonds, Mutual Funds

Bonds and mutual funds are similar to stocks in their tax treatment. A tax deduction for the full value of the gift is possible, if you have held the bonds or mutual funds for more than one year. Corporate, state, municipal, and U.S. Government bonds are excellent sources of gifts.

CDs, Savings Accounts, Brokerage Accounts and Checking Accounts with POD Provisions

POD stands for "Payable on Death." By adding POD provisions to an existing account, you retain full ownership and full control of the account during your lifetime. At your death, the account balance is immediately paid to your named beneficiary. The Foundation can receive this benefit without going through the probate process.

Creative Combinations

Depending upon your unique financial planning and gift objectives, you may use one or several giving ideas in combination to achieve your charitable goals. The Foundation Office will be happy to work with you and your professional advisors to explain the benefits of each of the plans listed and how they can work for you.

Charitable income tax deductions are subject to limitations determined by the level of your adjusted gross income and the type of asset given. Please review your particular situation with a Foundation representative and your tax advisor to determine how your circumstances relate to these limits.

Neither the author nor publisher of this document, nor this organization is engaged in rendering legal or tax advisory services. For advice and assistance in your specific case, you should obtain the services of a qualified attorney or other professional advisor. The purpose of this publication is to provide accurate information of a general nature only. Tax revisions occur often, as do changes in state laws, which govern wills, trusts, and charitable gifts. Please seek advice from your legal and tax advisor when considering these types of contracts. A Del Mar College Foundation, Inc. representative is available to help serve as an advocate and liaison for you in these matters.

Page last updated May 16, 2019.