Are gifts to the MECC Foundation tax deductible?
Your personal gift is tax deductible as a charitable contribution if you itemize income tax deductions. Corporate gifts are also deductible. The Foundation has tax exempt status under Section 501(c)(3) of the Internal Revenue Code. The Foundation’s Federal Identification number is 54-1175620.
Why does a public institution like Mountain Empire Community College need private financial support?
Public support for higher education has eroded over time. Declining state support allows the college to sustain existing programs, but drastically limits our ability to upgrade instructional equipment, implement new technology, and build faculty expertise in order to stay current with the needs of industry. Mountain Empire Community College plays a critical role in economic development in southwest Virginia, providing the skilled workforce that existing and prospective employers rely upon. Learn more about the MECC Foundation’s role in technology investments and faculty development here.
Private donations also allow the MECC Foundation to address financial and academic barriers so that our students can focus on academics. We accomplish this by providing scholarship assistance and supporting academic support programs. Learn more about the MECC Foundation’s role in student support here.
Does the MECC Foundation accept online gifts?
Yes. Click the red “Make a Gift” button in the top right corner of this page to get started.
Can I make a pledge?
Yes, you can make a pledge, payable over a specified period of time. If you choose to make quarterly or semiannual payments on your pledge, we will be happy to send reminders.
May I designate how my gift will be used?
You may restrict your gift to the purpose you choose, and MECC will honor the restriction. Unrestricted gifts, however, give the college maximum flexibility to respond in a variety of ways to special student and campus needs.
What is an endowment?
An endowment is a permanently invested fund which uses only the investment income for the purpose of the fund, such as scholarships.
What is the minimum amount needed to establish a named endowed scholarship?
A contribution of $5,000 establishes a named endowed scholarship.
Will my company match my gift?
If your employer has a matching gift program, you may be able to double or even triple your gift to MECC. Well over 1,000 companies nationwide have such a program. To have your gift matched, you will need to complete a matching gift form and send it with your contribution.
What is the best method of giving?
For some, the best method of giving is an outright gift of cash, securities or other property. We always welcome an outright gift. At the same time, we recognize that people have different financial needs and concerns, and that an outright gift may not be the best course for everyone. Through planned giving, you may find a life income gift (such as a uni-trust), bequest or other gift plan is best suited for you. As always, we encourage you to consult your own legal and financial advisers to achieve the maximum benefits for your particular situation.