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Cash Donation - Download Forms:  
A gift of cash can be in the form of personal check, credit card, cash, or cashier's check. Plus, if you would like to make your contribution using an automatic payment system (ACH), the foundation office can assist you in setting up that program. This automatic payment system gives you the opportunity to spread your annual contribution over twelve months with automatic monthly transfers from your bank directly to the AHC Foundation.
Please do not send cash through the mail. Many times employers will match your charitable gift to your nonprofit of choice through their charitable gift program. Remember to ask your employer if he/she has a "matching charitable gift" program.
Stock Donation
If you own stock, there may be significant tax advantages available to you if you contribute stock rather than cash. This is because a gift of appreciated stock generally offers a two-fold tax saving. First, you avoid paying any capital gains tax on the increase in value of the stock. Second, you receive a charitable tax deduction for the full fair market value of the stock at the time of the gift.
Example: If you had purchased stock many years ago for only $1,000, and it is now worth $5,000, an outright gift of the stock to the Allan Hancock College Foundation would result in a charitable contribution deduction of $5,000. In addition, there is no capital gains tax on the $4,000 of appreciation. To contribute a gift of stock you should contact the foundation office to receive instruction.
Property Donation
A residence, vacation home, farm, acreage, or vacant lot may have appreciated in value through the years. A sale would mean a sizeable capital gains tax. By making a gift of property, the donor may avoid the capital gains tax, and, at the same time, receive a charitable deduction for the full fair market value of the property. Gifts of real estate must be evaluated and approved by the foundation board of directors prior to accepting the gift. You should contact the foundation office to begin the process.
Life Insurance Donation
A gift of life insurance can provide the gift of opportunity for future Allan Hancock College students. This planned gift could also provide a significant charitable tax deduction. You may purchase a new policy or donate a policy that you currently own. To receive a deduction, designate the Allan Hancock College Foundation as both the owner and beneficiary of the life insurance policy. Check with your insurance agent for details.
Example: You own a $100,000 life insurance policy with a current cash value of $34,582. By transferring the policy to the foundation as the new owner and beneficiary, you would qualify to receive a current charitable deduction in the amount of $34,582. If you continue paying the premiums on the policy after the gift is made, these additional premium payments will be tax deductible each year.
Will/Bequest
An up-to-date will can transfer your assets to the appropriate beneficiaries, help minimize the amount of federal estate tax assessed at the time of death, and assist the future of Allan Hancock College and its students. If you have recently updated your will a simple legal change to an already existing will is called a codicil. This could be as simple as adding a statement to your already existing will.
Suggested language to include in your will to make a charitable contribtuion: "I hereby give to Allan Hancock College Foundation, a California non-profit corporation, with its principal place of business in Santa Maria, California, the sum of $_____; or the following described property; or ____% of the residue of my estate."
LEAVE A LEGACY® on the Central Coast
LEAVE A LEGACY® on the Central Coast is an educational program administered by the Central Coast Planned Giving Council, an organization in which the Allan Hancock College Foundation participates. The program is dedicated to educating you, the public, about the benefits of making planned charitable gifts. On their web site you will find answers and ideas about many charitable planned gifts options available to you, and you can even do a quick calculation of the tax implications of those gifts. It will help you connect to non-profit organizations in our community that deserve your support, and to professional advisors who are knowledgeable about the financial and legal aspects of planned giving. Best of all, you can access this helpful resource from the privacy of your home or office by logging on to the LEAVE A LEGACY® on the Central Coast web site at www.centralcoastlegacy.org.
In-Kind Donation - Download Forms: PDF WORD
The foundation also accepts gifts of goods or services from the community. If the proposed gift is used equipment, the qualified college department or program will evaluate the need and the gift will be donated directly through a college in-kind process. If the gift is new goods or services then the foundation may process it through its in-kind contribution program. Please contact the foundation office for instructions and details for acceptance of an in-kind gift.
Employee Contribution Form
(Allan Hancock College Employees only) Download Forms: PDF WORD
Employees of Allan Hancock College have the opportunity to support the institution through the foundation's employee contribution program. The employee may select to give to a project or program in their discipline or they may select from one of the many funds already established under the foundation. There are three ways to give: by payroll contribution where the gift is deducted monthly from the employee's payroll check; by check; or by cash.
Volunteers
Volunteerism is a key part of the foundation and its activities. The foundation keeps an ongoing log of volunteers. Volunteers have helped with past events, such as the 75th & 80th Anniversary Galas, pancake breakfast, annual scholarship awards banquet, campaign receptions, annual golf tournament, and a variety of office projects such as preparing bulk mailings. To join the volunteer pool, please contact the foundation staff.
To get more information on any of these options, contact the foundation office.
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