Ways to Give

Your gift to the Foundation of Monroe County Community Schools is an investment in both the children and the future of our community. Since its establishment by a group of local community leaders and education enthusiasts in 1973, the Foundation has invested more than $3.4 million in the educational development of our MCCSC students. Every dollar invested in educational projects and programs is a dollar given by an individual, an organization, or a business in our community. The Foundation of MCCS is fully funded by charitable donations and grants.

We invite you to join the Foundation in improving and enhancing opportunities for students by making a donation today. We are pleased to accept donations to fill annual unrestricted needs, or to one of our specialized operating or endowment funds.  We are also happy to work with you in creating a more personalized option to support needs for our students.

  • Annual Fund Giving
  • The Thank-a-Teacher Program
  • Memorial or Tribute Gifts
  • Endowed Gifts
  • Education License Plates
  • Kroger Community Reward ( FMCCS #WD376)
  • Amazon Smile Program

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

Your gift of cash can also be made through PayPal.

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.

Committed to Education License Plates 

Show your support for education by proudly displaying the Hoosier family of Readers License Plate on your automobiles. This specialty plate can be purchased for an additional $40 per year. For each education plate you choose, the Foundation of Monroe County Community Schools receives $18.75 that can be used locally to improve and enhance the educational opportunities available for our students. Ask for the Education License Plate when you renew at the BMV or by mail and remember to designate MCCSC (Code 570). It will make a difference for kids and part of your $40 fee is tax deductible.

Kroger Community Rewards

Link your personal Kroger Plus Card to the Foundation #WD376 and help us earn rewards.  To link your card go to Kroger.com

Amazon Smile Program

AmazonSmile is a simple and automatic way for you to support your favorite charitable organization every time you shop, at no cost to you. On your first visit to AmazonSmile (smile.amazon.com), you need to select a charitable organization to receive donations from eligible purchases before you begin shopping. We will remember your selection, and then every eligible purchase you make at smile.amazon.com will result in a donation.  You shopping will make a difference to MCCSC students.

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.  

The Coronavirus Aid, Relief, and Economic Security (CARES) Act (Act) passed on March 27, 2020 provides additional incentives to cash gifts for 2020. 

A reduction in taxable income is available in 2020 for donors who do not itemize their deductions, i.e., an “above-the-line” adjustment to income that will reduce a donor’s Adjusted Gross Income (AGI) and consequently taxable income. The adjustment is available for cash gifts up to $300 per taxpayer or $600 for a married couple.

The deduction is not available for gifts to private foundations, donor advised funds (DAFs), supporting organizations (SOs) or for cash deductions carried forward from prior years. And this deduction is not available for noncash gifts such as appreciated stock. This new universal deduction will encourage the great majority of taxpayers who do not itemize to make more cash gifts in 2020.   

A 100 percent AGI limit is available only in 2020 for cash gifts to public charities by those who itemize. This limit does not apply to carry-over deductions from years prior to 2020. Gifts to DAFs, SOs and private foundations are not eligible for this special election.

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.”