Ways to Give

Making a charitable gift to Madisonville Community College is an important and very personal decision. The satisfaction of giving comes in knowing that you are investing in the lives of individuals, businesses, and organizations that benefit each and every day from the college's history of excellence and service to students.

Only you can decide when and how to contribute to the College. The following information may be helpful as you consider the various ways you can support our endeavors and also how you may benefit from the tax advantages associated with certain types of charitable gifts. It also provides a brief description of our endowment areas, the best place to designate a charitable planned gift.

Give Today

The advantage of giving a cash gift right now is that your actual out-of-pocket cost is less than the dollar amount of the gift because of the allowable income tax deduction. You can deduct an amount up to 50% of your adjusted gross income in a year that you make a contribution. Any excess contributions over this percentage may be deducted over the next five (5) years. The actual savings from the tax deduction of your contribution will vary due to your tax rate and other factors. Generally, the higher your tax rate, the greater your savings.

Give to MCC's Fulfilling the Promise fundraising campaign online using our secure web form.

Give Later

There are specific types of gifts which you can plan for today that will benefit the college in future years. They also provide a way to leave a lasting legacy that strengthens those priorities you deem most important. They are planned gifts, and they include:

Your Living Will

One way to make a deferred gift is to include specific language in your will, naming the college as the recipient of a planned gift.

Gifts of Life Insurance

Life insurance provides an effective way to benefit the college, and is generally easier on your pocketbook. Your gift of life insurance will provide the college with a substantial deferred gift while you pay relatively modest premium payments, and a gift of an insurance policy that is paid-up or partially paid-up may be advantageous if your family responsibilities are no longer as substantial as they were in the past. Generally, life insurance policies with limited cash values can be purchased at a cost which does not exceed $500 annually.

Retirement Savings

Deferred Gifts

This might include a specific trust arrangement or estate percentage.

This message is not offered as legal advice. For legal advice, please contact your attorney.