Planned Gifts

Planned gifts can be a significant benefit to you, your family, and Guilford Tech. Consider including Guilford Tech in your estate or financial plans and help us sustain our mission for generations to come.  There are many types of planned giving, and the type of gift that is best for you depends on your needs and expectations. We encourage you to talk with your financial advisor, family, and the college about options available to you.

Bequests and Wills

The simplest way to make a planned gift is by naming the GTCC Foundation in your will. A bequest is a meaningful way to support the college without affecting your cash flow during your lifetime.   A bequest gift to the GTCC Foundation is easy to make with an attorney’s help. Bequest provisions can be written to suit your exact inclination, whether that is to give the college a particular percentage of your estate’s value, a specific dollar amount, or a specific item of real property.

Sample Bequest Language

Specific Bequest- Unrestricted use

“I give, bequeath or devise to the Guilford Technical Community College Foundation, Inc., Jamestown, North Carolina, (sum, percentage of estate, or property) to be used to further its purposes as the Board of Directors in their discretion may deem appropriate.”

Specific Bequest – Restricted use

(For information about specific areas of interest, please contact the GTCC Foundation office.)

 “I give (sum, percentage of estate, or property) to the Guilford Technical Community College Foundation, Inc., Jamestown, North Carolina.  This bequest may be combined with the Foundation’s other funds for purposes of investment and reinvestment and shall be used by the Foundation in support of (a specific area of interest).

 “If at any time the Foundation Board of Directors deem it to be impractical or impossible to carry out this purpose, the Foundation Board of Directors may use this bequest for such other purposes as shall be determined by the Board to be consistent with my interests and intentions.”

Specific Bequest – Restricted use and for Endowment

(The minimum amount to establish an endowment with the GTCC Foundation is $15,000.  For information about specific endowment funds and opportunities, please call the GTCC Foundation office.)

“I give (sum, percentage of estate, or property) to the Guilford Technical Community College Foundation, Inc., Jamestown, North Carolina.  This bequest may be combined with the Foundation’s other funds for purposes of investment or reinvestment.  The income only from this bequest shall be used by the GTCC Foundation in support of (a specific area of interest).  The endowment fund established with this bequest shall be known as the __________________Fund.”

 “If at any time the Foundation Board of Directors deem it to be impractical or impossible to carry out this purpose, the Foundation Board of Directors may use this bequest for such other purposes as shall be determined by the Board to be consistent with my interests and intentions.”

Residuary Bequest – Unrestricted use

“I give, bequeath, or devise (all or a percentage of estate) to the Guilford Technical Community College Foundation, Inc., Jamestown, North Carolina, to be used to further its purposes as the Foundation Board of Directors in their discretion may deem appropriate.”

 

©2016 GTCC | GUILFORD TECHNICAL COMMUNITY COLLEGE FOUNDATION |The Guilford Technical Community College Foundation (GTCCF) was established in 1966 to generate private financial support to advance the mission of Guilford Technical Community College. GTCCF is confirmed by the Internal Revenue Service as a tax-exempt organization under IRS Code Section 501(c)(3). GTCCF’s federal tax ID number is 56-6085391.