Ways to Give

Giving to support education is powerful.  Your gift provides resources and materials that enrich learning in our classrooms and helps all students succeed.  Your gift is an investment that is life-changing.  

There are many ways you can support and enrich student learning.  Your gift can be given unrestricted to support our many educational programs and greatest needs, designated to an existing  educational program or endowment fund, or personalized to your vision that inspires and gives our children wings to soar.  

Other ways to support:

Neighborhood Assistance Program (NAP) Tax Credits may be available for one-time gifts greater than $100.  For more information please contact our office. 

The Foundation is pleased to offer the following giving levels:

The Superintendent’s Circle
Visionaries $20,000+
Roundtable $10,000 to $19,999
Directors $5,000 to $9,999
Builders $1,000 to $4,999

Friends of Education
Champions $500 to $999
Supporters $250 to $499
Donors Up to $249

Type of Gift Your Benefit The Foundation’s Benefit
Cash Tax deduction Immediate use
Securities Tax deduction
Tax avoidance on gain
Immediate use of income or sale proceeds
Life insurance policy Current & possibly future tax deductions Ultimate use of policy proceeds
Annuity trust or unitrust Life income
Tax deduction
Tax avoidance on gain
Estate tax savings
Ultimate use of gift after lifetimes of you and any other beneficiary
Lead Trust Allows property to be passed to others with reduced gift and estate taxes Use of income for term of trust
Wills and Bequests Estate tax savings Ultimate use of gift
Corporate Matching Programs Matches your support to education Immediate use


Multi-Year Pledges

Multiple year pledges allow the donor greater flexibility while offering the Foundation consistent support of programs and initiatives. Four-year pledges are recommended as the best vehicle for responding to the current funding crisis in our schools. The Foundation has a great deal of flexibility in tailoring multiple year gifts to meet the needs of the donor. Donors may choose to pay monthly, quarterly, or annually and the duration of pledges can vary as circumstances require. The Foundation will send reminder notices for upcoming pledge payments.

Gifts of Cash

The Foundation gratefully accepts gifts of cash given in currency, by check, or credit card. Cash gifts are generally the simplest way to make a gift to the Foundation. 

Gifts from family charitable funds or donor-advised funds may be directed to the Foundation.  Our Tax ID is 31-0889739.

Qualified Charitable Distributions (QCD) from your IRA.  If you are 70 1/2 or older, you can direct your IRA administrator to distribute a QCD from your IRA to the Foundation.  Any amount you transfer counts against your required minimum distribution (RMD) and you can direct up to $100,000 to your favorite causes this year.  The Charitable Giving and Secure Act of 2020 changed the age an individual is required to take a minimum distribution to 72 but individuals that are 70 1/2 can still elect to take a distribution.  

Please consult your personal tax advisor for additional information.

Gifts of Stock

Gifts of long-term appreciated securities are a smart, tax-wise way to make a contribution to the Foundation of Monroe County Community Schools. Such gifts entitle the donor to two financial benefits:

  • No tax needs to be paid on the gain, and
  • The full market value of the securities on the date of the gift is deductible as an itemized charitable deduction for federal income tax.

In order to qualify as long-term holdings, stock must be held more than one year. Since the long-term holding period is subject to change in the Internal Revenue Code, contact your tax advisor for current rules. To make a donation of long-term appreciated stock, please contact the Foundation of Monroe County Community Schools for transfer instructions.

Real Property

Generally speaking, the Foundation will sell gifts of real property and use the proceeds to support the mission of the Foundation. The donor may designate a program within the Foundation of MCCS for the proceeds to support.

Life Insurance

Life insurance policies offer donors the opportunity to leave a sizeable gift to a favorite charity after they pass away. Options for setting up life insurance to benefit the Foundation include:

  • Donating your life insurance policy to the Foundation and naming the Foundation as the owner and the beneficiary. This will allow you to claim a tax deduction on your income taxes. You can make sure the premiums are paid by making a deductible cash gift to the charity.
  • Naming FMCCS as the beneficiary of your life insurance policy so the death benefit automatically gets paid to the Foundation. Note that you will not receive a charitable tax deduction on the premiums paid.

Please check with your tax advisor and insurance agent for more details.

Retirement Plans

A donor may select to make the Foundation a beneficiary of your IRA or other retirement assets.  This can be done by completing a form through your employer or your plan administrator.  Once the designated beneficiary forms are in place, the retirement assets will generally pass directly to your beneficiaries (including charities) without going through probate.  This can provide significant tax savings to you and your heirs as IRA assets are taxed by beneficiaries (charitable beneficiaries do not pay a tax).  It is always best to consult your financial adviser in creating an estate plan that is best for you.  

Annuity Trust or UniTrust

Both of these options pay lifetime income to the donor or other named beneficiaries. If an annuity trust is chosen, the income beneficiary would receive a fixed percentage of the trust assets as income annually. The income is fixed and is paid regardless of investment performance. A unitrust differs in that it pays a fixed percentage of the annual trust value. If the trust grows in value, the income will also increase. With either option, the Foundation would receive the remaining assets in the trust at the death of the donor.

Lead Trust

A donor transfers property to the lead trust, which pays a percentage of the value of the trust assets, usually for a term of years, to the Foundation of Monroe County Community Schools. At the end of the trust term, the remaining assets in the trust and any growth it has realized are passed to your heirs. Although there is no income tax deduction when you create a charitable lead trust, your gift or estate tax is greatly discounted and any growth is passed to your heirs gift and estate tax free.

Wills & Bequests

A bequest through your will or trust enables you to make a gift to the Foundation of Monroe County Community Schools without diminishing your assets during your lifetime. Important tax savings can result since the amount of the bequest may be deductible from your taxable estate. Most significantly, a charitable bequest to FMCCS gives you the opportunity to make a difference in the future of our community by supporting the educational opportunities available to our local students.

There are a number of different ways to make a charitable bequest. The most common method is to bequeath a specific amount to the Foundation. However, you may find it more advantageous to direct a percentage of the value of your estate to FMCCS or to bequeath property such as stocks or bonds. Please consult your attorney or tax adviser to determine the most appropriate terms and conditions for your gift.

A bequest through your will or estate can be offered as either an unrestricted or restricted gift. An unrestricted gift will be used at the discretion of the Board of Directors to best serve the mission of the Foundation and to meet the most critical and urgent needs. A restricted gift can be directed to a current program or fund at the Foundation or to establish a new program or fund.

A Sample Unrestricted Bequest

“I give the Foundation of Monroe County Community Schools, a not-for-profit corporation organized under the laws of the state of Indiana and located in Bloomington, Indiana, (the sum of $     ) or (all my right, title, and interest in the following described property:     ) or (     % of my residuary estate) to be used in such a manner as the board of directors of said foundation shall, in its sole discretion, determine.”

A Sample Restricted Bequest

“I give the Foundation of Monroe County Community Schools, a not-for-profit corporation organized under the laws of the state of Indiana and located in Bloomington, Indiana, (the sum of $     ) or (all my right, title, and interest in the following described property:          ) or (     % of my residuary estate) to (establish) or (to be added to) the __________________ Fund. Details for the management and administration of the fund are contained in a Letter of Agreement with the Foundation of Monroe County Community Schools.”