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Ways to Give
- Priorities
- Donate Online
- Employee Fundraising Campaign
- Endowments
- Naming Opportunities
- Planned Giving
- Contribution Forms
- Contributing Appreciated Stock to the LFCC Educational Foundation Inc.
- Sales to Support the Foundation
Planned Giving
Leave a Legacy
For more information about legacy giving at LFCC, please complete the planned giving information form. Thank you!
Contributing a legacy gift to the Lord Fairfax Community College (LFCC) Educational Foundation Inc. is a great way for you to make a substantial impact in students’ lives while affording you the opportunity to continue to meet your personal financial needs.
You can designate your gift toward a specific program or initiative, or toward general support, allowing the College to designate the contribution to the area(s) of most critical need. (A list of the Foundation’s current funding needs is located on the Funding Priorities Web page.)
Following are the types of legacy giving opportunities available through the Foundation.
| Your Goal | Type of Gift | How to Make the Gift | Benefits You Will Receive |
|---|---|---|---|
| Make a quick and easy gift | Outright gift | Donate cash, securities or personal property | Income tax deduction; avoidance of any capital gains tax |
| Make a revocable gift during your lifetime | Living trust | Name the Foundation as a beneficiary of assets in a living trust | Control of the trust for your lifetime; possible estate tax savings |
| Defer a gift until after your lifetime | Bequest in will | Name the Foundation in your will | A donation exempt from federal estate taxes |
| Make a large gift with little cost to yourself | Life insurance gift | Give a policy and designate the Foundation as the owner and beneficiary | Current income tax deduction; possible future deductions |
| Avoid the two-fold taxation on retirement plan assets | Retirement plan gift | Designate the Foundation as the beneficiary of the remainder of the assets after your lifetime | Avoidance of heavily-taxed gifts to heirs, allowing less costly gifts |
| Supplement income with fixed annual payments | Charitable gift annuity | Enter a contract with the Foundation in which we will pay you fixed payments annually | Current and future savings on income taxes; fixed payments for life |
Whichever option you choose, you will leave a legacy that will impact students and your community for years to come.
For more information about legacy giving at LFCC, please complete the planned giving information form. Thank you!
The information on this Web site does not constitute tax, legal or investment advice. We encourage you to consult counsel prior to contributing a significant gift. The Foundation will work with you and your counsel throughout the entire process. Thank you.
