We believe that the gift of education is one of the greatest investments we can make in our community, and your contribution to the Bakersfield College Foundation will be a significant investment in the future of our students.
Current tax laws provide incentives to encourage private support of nonprofit organizations like the Bakersfield College Foundation. Strategic selection of the most appropriate gift vehicle can lead to a far more significant contribution to Bakersfield College than you may have ever envisioned:
An online donation is a simple and secure way to make an investment in the future of our students. Your contributions play a vital role in our efforts to improve and expand educational opportunities for students in Bakersfield.
Please use the secure form below to make an online donation. No gift is too small. We sincerely appreciate your support!
At this time, we only accept online payment using PayPal. To make a cash or check donation, please contact us by email.
Please complete the fields below and click "Proceed to secure site to complete your donation process".
Send a check payable to Bakersfield College Foundation along with a letter stating how you want the gift to be used or charge a gift to your credit card using online giving. Your gift is tax deductible in the year in which it is made.
Your donation of tangible goods and services will receive a tax deduction for the fair market value of the item if the gift can be utilized by the College. Common gifts are computers, books and laboratory equipment. Call us to discuss your in-kind donation.
Gifts of homes, commercial buildings, and other property can be very helpful to the College while providing donors with substantial benefits as well. Donors enjoy a tax deduction equal to the fair market value of the real estate for up to 30% of your adjusted gross income the year you transfer title, and amounts over 30% can be carried over for use during the next five years.
The easiest way to make a planned gift is through your will, revocable trust or retirement plan. You benefit with lifetime use of your assets and estate tax savings. We can provide you and your legal advisor with language to include in your will that ensures that your wishes be carried out. As with any gift, you may designate a scholarship or program to support, or you can make an unrestricted bequest and let Bakersfield College Foundation determine the best use for your gift. It is helpful if you inform the Bakersfield College Foundation of your bequest so we can assure you that your gift is properly structured and can be used as you wish.
Your will can designate Bakersfield College Foundation as the beneficiary of either a specific legacy or a bequest that is a fixed percentage of your estate. You can bequeath securities, real estate, or other property. You can make your gift contingent on other conditions of the will being fulfilled before the foundation receives a gift. You can also bequeath the assets that remain after other bequests are met. Your estate receives the benefit of freedom from federal estate taxes for the full value of the gift. If your needs change, you can alter a bequest at any time by signing a new will or amending your will or trust.
Name the Bakersfield College Foundation as a recipient of a trust you establish. The trust makes periodic payments to you and/or your beneficiaries, and when the trust terminates, the remaining principal goes to support the Foundation. During the year you establish the trust, you receive a charitable income tax deduction based on the current value of the asset less the value of the income interest, not the cost basis (what you have actually invested).
Name the Bakersfield College Foundation as a partial beneficiary or owner of a life insurance policy. You benefit with an applicable charitable tax deduction.
Name the Bakersfield College Foundation as a beneficiary of your retirement plan. You benefit with lifetime control of assets, estate tax savings for estates over a certain value, and the option to change beneficiaries if necessary.
** Always consult your attorney or financial adviser before making gifts. **
Our progress as a nation can be no swifter than our progress in education.
The human mind is our fundamental resource.