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Giving to Phoenix College

Giving Options

Establish a scholarship or contribute to an existing scholarship fund such as the memorial fund, alumni scholarship fund, and departmental scholarship funds.

Your gift may be unrestricted in use or you may designate it to apply to a specific program, purpose, or endowment fund. Most contributions qualify as charitable deductions through federal and state income taxes. As with all financial considerations, we encourage you to discuss potential tax advantages and other aspects of charitable giving with your attorney, tax advisor, or financial consultant.

Outright Gifts

Gifts of this nature can include cash, pledges, or property. Please call the Development Office at 602.285.7667 if you have questions or wish to give an outright gift.

Restricted or Unrestricted Gifts

When a gift is unrestricted, the college enjoys maximum flexibility. Unrestricted gifts can be used at the discretion of the president to meet current, changing or urgent needs. With restricted gifts, donors designate how and where they would like their gift to be used by the college.  For further information on how to establish an a restricted fund see the information below.

Endowed Scholarships

Endowments are gifts created by the donor as a perpetual source of funding support for student scholarships, program support. A portion of the annual earnings is made available for the scholarship. With restricted gifts, donors designate how and where they would like their gift to be used by the college. For further information on how to establish an endowed fund see the information below.

For assistance with establishing a restricted or endowed scholarship, please contact the Office of Development and College Relations at 602.285.7667 or via email at eileen.archibald@phoenixcollege.edu.

Additional Giving Options

Restricted Gifts

When a gift is unrestricted, the college enjoys maximum flexibility. Unrestricted gifts can be used at the discretion of the president to meet current, changing or urgent needs. With restricted gifts, donors designate how and where they would like their gift to be used by the college.

A minimum of $3,000 internal (clubs, employees) and $5,000 external is required to establish a restricted fund. If the fund does not reach the required balance within five years, the fund balance will be transferred to the unrestricted general fund.

Download the Restricted Agreement Form

Establishing Scholarship Criteria

The following questions can help you decide how you would like your gift to be used.  Remember to shape your criteria with a lot of flexibility in order to  best serve student needs.  You do not need to consider all of these questions to shape your criteria.

  1. Is the applicants degree/major or career pathway is important to you?
  2. Should the award be based on financial need? (as per FAFSA) Need-based scholarships often require the results of a FAFSA, which calculates a student's financial need through a formula that looks at the expected family contribution and cost of attendance at the intended college.
  3. Should the award be be based on merit? Do you want to consider a student's academic, artistic, athletic or other abilities?  Will the applicant's extracurricular activities and community service record be part of the criteria?
  4. If based on academic achievement what should the minimum GPA be?
  5. Full Time (12 or more credits), Part Time (less than 12 credits) or both?

Scholarship Award Process

  • The scholarship will be placed in the foundation scholarship system for advertising.
  • Donor will not derive a private benefit, directly or indirectly from the selection of recipient.
  • Donor may be a part of the committee but will not have a majority vote.
  • A list of committee members will be submitted to the Foundation prior to screening applications.

 

Endowed Scholarships

What is an endowed scholarship?

Endowments are gifts created by the donor as a perpetual source of funding support for student scholarships, program support or other designated purposes that fall within the College's mission. Endowment Funds are professionally managed through the Maricopa Community College Foundation as part of a carefully balanced investment portfolio that includes stocks, bonds and other approved instruments.

A portion of the annual earnings is made available for the scholarship and the balance is returned to the principal amount to ensure its continued growth. Typical scholarship awards are in the areas of academic achievement, leadership, service, athletics and financial need.

How do I establish a scholarship?

Endowed scholarships are established with a minimum contribution of $10,000, payable over a maximum of five years. If the endowment minimum is not reached as required, accumulated contributions will either be treated as a restricted fund and fully expended as soon as practicable or combined with a compatible, already existing endowment account.

A simple agreement between the donors and Phoenix College establishes the purpose of the scholarship and what, if any, criteria the donor wishes to include. This agreement ensures that the scholarship will continued to be used in perpetuity, according to the donor’s wishes.

Investment and Spending Policies: Endowment Funds are professionally managed as part of a carefully balanced investment portfolio that includes stocks, bonds and other approved instruments. Each year, endowment funds are awarded in amounts up to 5% of a three year average of their year-end fund balances. Any unspent portion of the amount available for annual distribution shall be returned to the principle balance of the endowment.

Download the Endowment Agreement Form

Establishing Scholarship Criteria

The following questions can help you decide how you would like your gift to be used.  Remember to shape your criteria with a lot of flexibility in order to  best serve student needs.  You do not need to consider all of these questions to shape your criteria.

  1. Is the applicants degree/major or career pathway is important to you?
  2. Should the award be based on financial need? (as per FAFSA) Need-based scholarships often require the results of a FAFSA, which calculates a student's financial need through a formula that looks at the expected family contribution and cost of attendance at the intended college.
  3. Should the award be be based on merit? Do you want to consider a student's academic, artistic, athletic or other abilities?  Will the applicant's extracurricular activities and community service record be part of the criteria?
  4. If based on academic achievement what should the minimum GPA be?
  5. Full Time (12 or more credits), Part Time (less than 12 credits) or both?

Scholarship Award Process

  • The scholarship will be placed in the foundation scholarship system for advertising.
  • Donor will not derive a private benefit, directly or indirectly from the selection of recipient.
  • Donor may be a part of the committee but will not have a majority vote.
  • A list of committee members will be submitted to the Foundation prior to screening applications.

 

Planned Giving

Some donors may wish to consider a gift through their estate or other deferred arrangements that have specific tax advantages. Some arrangements include lifetime income to beneficiaries named by the donor. Many PC donors utilize planned giving methods and are enjoying the benefits today—capital gains tax savings, increased income, and income tax savings, among others. A planned gift maximizes your giving potential and may even allow you to ensure your future financial security or that of a loved one. 

The Maricopa Community College's planned giving staff provides information regarding the benefits of planned giving to donors who wish to incorporate deferred gifts, charitable bequests and gifts of life insurance in their estate and financial planning.

A Gift in Your Will - Getting Started

MCCCD Retirement Gift

Planning to retire? If so, please give serious consideration to including a "Parting Gift" in your retirement planning. A Parting Gift enables you to dedicate a portion of your payout for unused vacation and/or sick time - 5%, 10%, or a specific dollar amount, for example - to benefit a college, department, program, or scholarship fund for which you have a special affinity. If the amount is large enough, it can become an endowment that will provide support in perpetuity.

A Parting Gift can provide a personal legacy of support for what you have most valued in your career at the Maricopa Community Colleges and can help reduce the tax liability for the amount of your payout. And it's easy! Your Parting Gift can be made through a one-time payroll deduction from your retirement payout, by check or by credit card.

Gift Form (PDF)

Non-Cash Gifts

Non-Cash Gifts

Non-cash gifts are alternative ways to make a difference. Looking to assets other than cash can make an impact on a student's educational future.

  • Paid up insurance policies
  • Real Estate
  • Stocks and Bonds
  • Tangible personal property