Ways To Give

Unrestricted & Restricted Gifts

UNRESTRICTED GIFTS are an excellent way to have an immediate impact at Valley College. These monies can be used to immediately support students on campus through emergency stipends and to support critical and changing needs of campus programs related to updated technology, equipment and new initiatives, beyond what tax dollars alone can provide. Ways to give:

• Gifts of cash provide an immediate tax benefit
• Check or money orders: to be made out to LAVC Foundation, 5800 Fulton Avenue, Valley Glen, CA 91401
• Gift of Charitable Remainder Trust, Life Insurance or Real Estate/Property

RESTRICTED GIFTS allow a donor to earmark the gift toward a particular program, department or scholarship. Examples of restricted gifts:

• Scholarships  Scholarship Creation Form (PDF Forms)
• Foundation Endowment  Endowment Creation Form (PDF)
• President’s Circle of Giving Circle of Giving Brochure (PDF)
• Patrons of the Arts
• Athletics and Academic Programs Athletics Department Banner Form (PDF)

If you wish, you may give online now.

Legacy Society

The Legacy Society recognizes donors who have named the Los Angeles Valley College foundation in their Estate Plans. These donors have chosen to take advantage of various charitable giving vehicles that will benefit LAVC students in perpetuity. Members will be named on a wall near the President’s Office and in all foundation literature. Recognition of these donors will inspire others to do make similar contributions.

Legacy Society Form (PDF)

Employee Payroll Giving

As an employee of LAVC, you know better than anyone how much scholarship support means to our students. Last year, was able to award $135,000 in student scholarships and provide support for many programs on campus. Your monthly or bi-monthly donation helps ensure that we can continue providing critical support for our very deserving students. Thank you for your generosity!

LAVC Foundation Payroll Giving Form (PDF)

Endowments

The establishment of a permanent endowment is the unique privilege of a donor to provide perpetual funding for a valued purpose. These guidelines are intended to assist persons who are considering making a gift to establish an endowment at the LAVC Foundation. A minimum of $10,000 is required to establish a named endowment fund. The donor(s) may take up to three years to reach the minimum level provided the donor has provided the LAVC Foundation with a written record of the intent.

Download Endowment Form (PDF)

Endowment Defined:

An endowment is a gift whose funds are invested to provide continuing income, in perpetuity, for a general or specific purpose stated in the written endowment agreement between the donor and the LAVC Foundation. Donor established endowments shall be used only for the purpose(s) specified in the endowment agreement which must be accepted by the LAVC Foundation as well as the donor.

Endowment Income:

Income utilization of all endowment funds are determined by the LAVC Foundation Board of Directors. Endowment earnings in excess of the approved utilization are generally credited to the principal of the endowment. This enables the endowment to keep pace with inflation and thereby continue to fulfill the original intent of the donor. Pending donor agreement, a portion of the excess earnings may also be used to support the total program of the LAVC Foundation. This enables institutional stability and flexibility.

Endowment Focus:

Endowment gifts may be unrestricted or they may be restricted for a particular purpose subject to the approval of the LAVC Foundation. Unrestricted gifts enable the donor to support the total program of the LAVC Foundation in perpetuity. Such gifts provide institutional stability and flexibility. Restricted gifts enable the donor to provide funds for the stated purpose of the endowment in perpetuity. A donor may request that an unrestricted or restricted endowment be named or that it remain anonymous.

Procedure for “Named” Endowments:

Normally, a named endowment (e.g., for a scholarship, in memory or honor of someone, or a faculty chair or other purpose) shall be established through a written and binding agreement assuring 100% funding of that endowment by the donor(s) within a specified period of time (usually within 3-4 fiscal years or less) and stating parameters of the fund which are agreeable to both the donor and the institution. Donors may also specify that available earned income be returned to the principal rather than expended for a fixed number of years during which time the fund will grow.

A minimum of $10,000 is required to establish a named endowment fund for a scholarship, faculty chair, or other purpose. The donor(s) may take up to three years to reach the minimum level provided the donor has provided the LAVC Foundation with a written record of such a pledge.

The endowment is established when the Foundation Association has received at least $10,000 and the donor and the Executive Director of the LAVC Foundation has signed parameters outlining the purpose of the fund.

Download Endowment Form (PDF)

Matching Gifts

Before making a gift, the LAVC Foundation encourages you to ask your employer about participation in a matching gift program. Corporations often show their support for a non-profit organization by matching or multiplying their employees’ contribution. There may be restrictions depending on the corporation. Please consult your company’s personnel office for further information.