Unrestricted & Restricted Gifts
Restricted gifts allow you to earmark your gift toward a particular program, department, or scholarship. You may designate your gift to the following:
- Scholarships (Review how to create a scholarship)
- Foundation Endowment
- President’s Circle of Giving (Download Brochure)
- Athletic Endowment (Download Athletics Department Banner Form)
- Arts Endowment
- Engineering Endowment
- Library Endowment
- Museum Endowment
Unrestricted gifts have an immediate impact on Valley College because the college gains flexibility not otherwise available. It can be used to meet a variety of immediate or changing needs such as updating technology equipment, library acquisition, capital projects or new program initiatives. Gifts of cash or securities are acceptable means of making an unrestricted gift.
If you wish, you may give online now.
Before making a gift, the LAVC Foundation encourages you to ask your employer if it participates 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.
The Legacy Society are donors who have named the Los Angeles Valley College Foundation in their estate plans. It has enabled them to leave a lasting legacy on this campus. They are forward thinking individuals who want to make sure that LAVC and its students are supported long after they are gone.
By becoming a member of the Legacy Society, you allow us to thank you now and not your executor when you are gone. Legacy Society members are recognized in the Foundation’s Annual Report Newsletter, the Annual Donor Wall, and each member receives a certificate of appreciation. Some of these estate planning options include:
- Simple wills or trusts
- Life Insurance or Retirement Funds
- Charitable Gift Annuities
- Charitable Remainder Trusts
If you have already named or plan to name the LAVC Foundation in your bequest or estate plans, please print and return this Legacy Society Form and return to our office.
Honor a loved one, friend, group, club, or organization by naming a bench, sitting area, or tree with a donation to the Los Angeles Valley College Foundation. Designate one of these areas with a beautiful plaque (2 in x 6 in). Your donation will benefit the LAVC Foundation. Since 1974, the Foundation has provided support for students through scholarships as well as a number of campus programs and projects. Specific benches, sitting areas, and trees have been designated by LAVC and donors may select an area on a first-come first-serve basis. Please contact the LAVC Foundation to find out locations that are still available by calling (818) 947-2619.
Employee Payroll Giving
As an employee of LAVC, you know better than anyone how much scholarship support means to our students. Last year, our Foundation was able to support students with Emergency COVID-19 Stipends, and was able to award $162,000 in student scholarships. 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!
- Please print and fill out the following Endowment Form PDF
- To have form mailed to you, please call (818) 947-2619.
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.
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.
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 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 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 witch 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.