Ways to Donate
100% of your investment benefits students, staff & faculty at Haywood Community College! There are a variety of ways to give. See below for the best choice that meets your needs.
Cash is the simplest way to give.
Online: Donate Here securely with your credit card.
Check: To make a donation by check, please make your check to the Haywood Community College Foundation and send it to Haywood Community College Foundation, 185 Freedlander Dr, Clyde, NC 28721.
Haywood Community College welcomes in-kind donations, which help the college keep pace with changing technology and equipment needs and meet the demands of increased enrollment.
Gifts In-kind: Must fulfill a stated need of one or more college departments and be approved by Facilities or IT personnel to ensure compliance with existing infrastructure. If directly related to Haywood Community College’s mission, a gift-in-kind may be tax deductible at the current market value. If unrelated, the deduction is usually limited to what was paid for the item(s). Appraisals may be required. Haywood Community College does not appraise gifts; donors are responsible for substantiating the value of donated items with the IRS and should contact their financial advisors or tax attorneys for assistance.
Individuals: If your gift has an apparent value of less than $5,000, an appraisal is encouraged but not required. If your gift has an apparent value of $5,000 or more, the IRS requires an appraisal and IRS Form 8283. Exceptions include 1) closely-held stock, which must be appraised only if the apparent value is $10,000 or more; 2) gifts of service; 3) gifts of out-of-pocket expenses, and 4) limited use of the private property.
Corporations/Foundations: If your gift has an apparent value of $5,000 or more, an appraisal is encouraged but not required; however, a completed IRS Form 8283 is required if you plan to seek a tax deduction.
If you would like to make a gift-in-kind donation, please contact the HCC Foundation.
You may specify a gift in your will or revocable trust to the HCC Foundation. Planned gifts or deferred gifts are ways to provide ongoing support of Haywood Community College students and programs. Donors may choose to make a bequest, establish charitable remainder trusts, create a gift annuity, or donate stocks and bonds. You retain assets during your lifetime and the gift is made upon your death. Donors should seek counsel from their financial advisor, attorney, and/or tax professional.
You can also use assets to make a gift by adding Haywood Community College Foundation as a beneficiary of your account. The gift comes from any assets not needed for you or your family. Examples include retirement accounts or life insurance policies.
Stocks and Bonds
The Haywood Community College Foundation welcomes gifts of stocks and bonds; our policies state that such gifts must be sold as soon as possible after we receive them. Donations of appreciated stocks or bonds can benefit donors (individuals and corporations), as they may deduct the full market value of appreciated stocks without paying capital gains taxes on the appreciated value.
Many companies match the charitable contributions their employees make – doubling the value of each gift! Check with your company’s HR department to find out if they offer a matching gifts program OR contact the Foundation.
Gifts of real estate can be an excellent way to make a large gift to the college while enjoying significant tax benefits. Gifts of real estate are typically made as outright gifts or part gift/part sale (also known as a bargain sale) but can also be made as to the resource for a charitable remainder trust or retained life estates. Haywood Community College Foundation accepts donations of these properties, among others: residence, vacation home, farm, commercial building, and undeveloped land.
Create a Scholarship
Establish a named or annual scholarship at Haywood Community College with a minimum contribution of $1,000 or an endowed scholarship fund with a minimum donation of $30,000. Can be funded $10,000/year for three years. Scholarship sponsors, in collaboration with the Foundation staff, give input on all of the criteria for the scholarship. The sponsor also chooses the name of the scholarship. Generally, donors may expect that a scholarship award will be made the following academic year after the gift is received. For more information, please contact Hylah Birenbaum, Executive Director at 828.627.4544 or email@example.com