Endowment Gifts-Dollar for Dollar Match On Contributions
An endowment fund is made up of permanently restricted monies as defined by the donor/originator of the fund. Endowment earnings are available for use by the college. The Foundation Board invests the principal and earnings are used for the activity specified by the donor. A common activity funded by endowments is to award scholarships annually. Through the month of August 2006, any dollar contributed toward building the Ozarka College Endowment Fund will be matched by another dollar funded by a federal Title III grant. The College Foundation goal is to enter $100,000 additional dollars into the endowment fund which becomes $200,000 in September 2006. This total principal will generate enough interest to fund several scholarships for Ozarka students each year. Gifts for endowment may be made as a living tribute or lasting memorial to a family member or friend, in honor of a civic or community group, or as recognition for a corporate or business organization. Naming opportunities are available for
individual endowment accounts within the Foundation to create an ongoing scholarship recognizable in a perpetual way.
Unrestricted Gifts
Unrestricted gifts are received by the Foundation without donor restrictions and are designated for best use at the discretion of the board. Unrestricted expenses include publicity for the college, special requests from faculty or students where institutional monies are not available.
Planned Giving Options
If you are considering your financial and estate planning, we hope you will consider Ozarka College as one of your benefactors. There are several planned giving options available: Life Insurance: Cash value of a life insurance policy and additional payments you may make might be tax-deductible on an itemized tax return. Ozarka College becomes the beneficiary. Will/Estates: Through your bequest, Ozarka College may receive a percentage of your estate. Many estates are now set up in protected trusts so that a large portion of the estate will not be subject to taxes later on. Real Estate: You may contribute income property, a second home or other various property to Ozarka College and receive tax credit for the amount of the appraised value of the property at the time of gifting. Securities: Stocks, securities and bonds may be donated to Ozarka College. If the investment has gained in value, it would be best donated prior to sale to avoid the subjectivity to capital gains tax. Life Income Planning: These
options include charitable remainder trusts, annuity trusts, charitable gift annuity and others. For more information on endowment, contact Suellen Davidson or Karla Rush at 870-368-7371 or 800-821-4335.
Ozarka College received the honor of being selected for the prestigious Title III grant from the U.S. Department of Education which began 2001. Over the course of five years this grant supports faculty development and the establishment of an endowment. As part of Title III, the first official Development Officer, Jim Fenton, joined the effort in October 2001 to work with the Ozarka Foundation Board of Directors and enhance the development of the college. On October 12, 2005, Fenton passed away and Ozarka lost a valuable member of its family. Jim's family has established a memorial fund to the Ozarka College Foundation Scholarship program in his honor. Please contact the Development office for more information on a tax deductible donation toward this endowed scholarship. Now through September 2006, all donations will be matched dollar for dollar through the Title III Grant.
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