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The GC Fund
One Fund : Multiple Impacts

The 91��Ʒ���ϳԹ� Fund is the annual giving program that supports our collective mission and vision for the unique student experience here at GC.

Gifts to the 91��Ʒ���ϳԹ� Fund–given by alumni, parents, and friends–are generous unrestricted gifts that allow flexibility to be used for students’ areas of greatest need.

The 91��Ʒ���ϳԹ� Fund supports:

• Student financial aid, including international student support
• Study-Service Term
• 91.1 WGCS The Globe
• Spiritual Development
• Faculty Development
• Technology & Classroom Upgrades
• Library & Academic Success Center

A campaign to support excellence in the classroom, a greater and transformative presence in our community, and a beautiful, inviting and inclusive campus.

Learn more & make a gift today

Your support sustains our mission of quality artistic programming and educational opportunities for all.

In joining the MLAC, members provide support to more than 300 91��Ʒ���ϳԹ� student-athletes. With your gift, no matter at what level, you will be providing critical support in the areas of post-season travel, equipment, uniforms, facility improvements, recruitment expenses and more.

Give to MLAC now

Give students the world. Support Study-Service Term and help today’s 91��Ʒ���ϳԹ� students continue to learn, serve and grow around the globe.

Every day we strive to bring you amazing music and intelligent programming on , 91��Ʒ���ϳԹ�’s award-winning student-run radio station that offers culturally progressive music in addition to news, public affairs and sports broadcasting. We are so grateful for your belief in our mission to create an environment that serves the community and provides a training ground for future broadcast professionals.

Make a gift and become a member today

Thank you for supporting our mission of providing environmental education for all ages, a natural sanctuary for Northern Indiana’s plants and animals, and a setting that benefit the human body and spirit without exploiting the land.

The most direct and helpful way to provide financial/scholarship assistance to students is through consistent annual gifts to the GC Fund. However, for generous alumni & friends of GC interested in providing financial assistance to students into perpetuity, we encourage you to consider creating or supporting a scholarship endowment.

Endowed Scholarships are often established as a legacy to honor or memorialize a family member through a named fund. An endowed scholarship fund at 91��Ʒ���ϳԹ� can be started with any amount but a plan needs to be established to build the fund to $50,000 through a onetime gift, a multi-year pledge, or through a planned or estate gift.

To receive more information concerning support or creation of an endowed scholarship, please contact the Advancement Office.

Over the years, many endowment funds have been established to support the core programs which are so important to 91��Ʒ���ϳԹ� students and which are central to the college’s mission. Whether the fund was initiated to endow a faculty chair, support an academic area, underwrite a program like Study-Service Term, or provide necessary equipment upgrades or materials, all of them help keep the cost of a high-quality, unique educational experience affordable for our many fine students.

An endowed fund at 91��Ʒ���ϳԹ� can be started with any amount but a plan needs to be established to build the fund to a minimum of $50,000 through a one-time gift, an established pledge, or through a planned or estate gift.

To receive more information concerning supporting or establishing an endowment fund, please contact the Advancement Office.

Life income plans are a form of deferred gifts to an organization like 91��Ʒ���ϳԹ� that are considered a partial gift in that some of the funds are held by the organization to make the promised payments to the income beneficiaries for the rest of their lives. At the death of the last surviving income beneficiary, the charity (the remainder beneficiary) receives any funds remaining in the account.

We offer several life income plan options:

• Charitable Gift Annuity (FAQs download)
• Charitable Remainder Trust (FAQs Download)
  • Charitable Remainder Annuity Trust
  • Charitable Remainder Unitrust

The best vehicle to use varies greatly from donor to donor and depends on a wide variety of factors, including the type of asset being given, the age of the beneficiaries and the specific needs of the beneficiaries. A general calculation can be obtained by using this planned giving calculator. Detailed calculations concerning the benefits of each plan can be provided by the Advancement Office, and the staff can work closely with you and your advisers to determine the best way for you to make a planned gift.

Gifts of appreciated property, such as stocks and bonds that you have held for more than one year, can provide greater tax benefits than giving cash. Not only is the market value of the securities deductible (subject to applicable limitations), but you also avoid paying the capital gains tax on the appreciation. Our staff can work with you and your adviser to facilitate a gift that will be the most advantageous for you.

Please note that, as a general rule, you should not give 91��Ʒ���ϳԹ� depreciated securities. It is more advantageous to you to sell such securities, take a loss on your income tax return and donate the proceeds.

The most important thing to remember is to donate the stock itself, not the proceeds from the sale of the stock.

If your stock is held in a brokerage account
Simply notify your broker of your intent to give stock to 91��Ʒ���ϳԹ� and ask him or her to contact the Advancement Office at once for instructions on how to accomplish the transfer. (Do NOT instruct your broker to sell the stock.) With this method, 91��Ʒ���ϳԹ� will value your gift at the mean price of the stock as traded on the date the stock is deposited into 91��Ʒ���ϳԹ�’s account. This will generally be one or two days after you instruct your broker to make the transfer.

Giving shares of a mutual fund
Gifts of mutual fund shares may also be given to the college. Most mutual fund companies have a form you must complete to affect the transfer, so you will need to contact your company and request directions on how to make such a gift. It is wise to inform the Advancement Office of your plans so staff members can assist you in this process. Transferring mutual funds may take between two and three weeks to accomplish.

Simply naming a charity like 91��Ʒ���ϳԹ� as a beneficiary in a will or trust document is the most common way to make a deferred gift. Over half of the planned and deferred gifts that are distributed to the college are structured in this way. Another way that’s becoming more common is for the donor to name 91��Ʒ���ϳԹ� as a beneficiary on an IRA or other retirement plan account.

Making a gift through a will or trust

Bequests to 91��Ʒ���ϳԹ� through wills or trusts traditionally have been a large source of endowment support. Each individual legacy contributes to 91��Ʒ���ϳԹ�’s financial stability. Just as the bequests of past alumni have helped to create the 91��Ʒ���ϳԹ� of today, the continuation of this tradition of remembrance will help ensure a financially sound and academically strong 91��Ʒ���ϳԹ� for tomorrow. A bequest to 91��Ʒ���ϳԹ� through a will or trust will qualify your estate for an estate tax charitable deduction equal to the entire amount you bequeath.

Including 91��Ʒ���ϳԹ� in your will

• You may make a bequest to 91��Ʒ���ϳԹ� of cash, securities, or other property by designating a specific dollar amount, a particular asset, or a fixed percentage of your estate.
• You may make a bequest of all or a portion of your residuary estate to 91��Ʒ���ϳԹ� after you have provided for all other beneficiaries by specific bequests.
• You may make 91��Ʒ���ϳԹ� a contingent beneficiary of your estate by stipulating that 91��Ʒ���ϳԹ� will receive all or a portion of your estate if your named beneficiaries do not survive you.
• You may make 91��Ʒ���ϳԹ� the remainder beneficiary of a trust which you establish in your will or during your life to provide income to one or more beneficiaries for life. 91��Ʒ���ϳԹ� would then receive the principal of the trust at the death of the last surviving beneficiary.

Sample testamentary language
The following language could be used to direct a gift to 91��Ʒ���ϳԹ� through your will or trust:

• General bequest: “I give (a specific asset, $____dollars, or ___% of the rest, residue and remainder of my estate) to 91��Ʒ���ϳԹ� Inc., 1700 S. Main St., 91��Ʒ���ϳԹ� IN 46526 for its general purposes.”
• A bequest for a specific purpose: “I give (a specific asset, $____dollars, or ___% of the rest, residue and remainder of my estate) to 91��Ʒ���ϳԹ� Inc., 1700 S. Main St., 91��Ʒ���ϳԹ� IN 46526 for the following purpose: (state the purpose, e.g. to establish a named scholarship fund, to be added to an existing scholarship fund, to be added to the general endowment fund or to support a specific 91��Ʒ���ϳԹ� activity or program).”

Making a gift through an IRA or other qualified retirement plan

One simple yet effective way to provide a significant benefit to 91��Ʒ���ϳԹ� while minimizing income tax is to name the college as one of the beneficiaries on your IRAs or other qualified retirement plans. Unless the account is a Roth IRA, it’s likely that income taxes will need to be paid either by your estate or your heirs when the funds are distributed.

By naming a qualified charity, such as 91��Ʒ���ϳԹ�, as a beneficiary, any distributions made to the charity upon your death will be entirely free of income taxes. While these funds will still be included in your gross estate, no income taxes will be due. The result is a simple but powerful way to save on income taxes and help assure that 91��Ʒ���ϳԹ� will have the support needed to provide for future generations of students.

Changing needs
91��Ʒ���ϳԹ� requests that donors or their attorneys contact the Advancement Office to discuss possibilities for specific purposes. 91��Ʒ���ϳԹ�’s educational activities and programs change over time, and the needs of this generation of students may not be the same as those of the next. Therefore, whenever you indicate a particular purpose for your bequest, it is advisable to grant 91��Ʒ���ϳԹ� the authority to respond to changing needs. You may do this by including the following language with your bequest:

If at any time in the judgment of the 91��Ʒ���ϳԹ� board of directors, it is impossible or impracticable to carry out exactly the designated purpose, the 91��Ʒ���ϳԹ� board of directors shall determine an alternative purpose as near as possible to the designated purpose.