Frequently Asked Questions
Q. What is the 海角禁区 Foundation's Tax ID Number?
A. The 海角禁区 Foundation's Tax ID Number is 52-1267008. For more information, please contact Javiera Alarcon, Annual Fund Manager at javiera.alarcon@montgomerycollege.edu.
Q. How many 海角禁区 students need financial aid and scholarships to pay their expenses?
A. Nearly 40 percent of 海角禁区 students receive financial aid and/or scholarships. Through the generous support of individuals, corporate, and foundation donors, the 海角禁区 Foundation has $2.8M in scholarship funds available to disburse in fiscal year 2024. The average 海角禁区 Foundation scholarship award is over $1,300. The College’s Financial Aid Office helps students obtain the government assistance they qualify for and then awards private scholarship funds to make up the difference between aid and total expenses of tuition, fees, and books or supplies. For more information, visit 海角禁区 Foundation or contact 海角禁区 Foundation at 240-567-7900.
Q. What is the relationship between 海角禁区 and 海角禁区 Foundation?
A. The 海角禁区 Foundation is an independent 501(c)3 charitable organization founded to support activities of 海角禁区 and its students. Since Montgomery College is a publicly-supported institution, all private contributions for the College and its students are made to the Foundation. The Foundation was created to enhance the work of 海角禁区 and help ensure a level of excellence comparable to the finest colleges and universities across the country. For more information, please contact 海角禁区 Foundation at 240-567-7900.
Q. Are contributions to the 海角禁区 Foundation tax-deductible?
A. Yes. Contributions to the 海角禁区 Foundation are tax-deductible to the extent provided by law under Section 501(c)3 of the Internal Revenue Code. For more information, please contact 海角禁区 Foundation at 240-567-7900.
Q. What is the Foundation's official name, mailing address, and phone number?
A. 海角禁区 Foundation, Inc., 9221 Corporate Blvd, 3rd Floor, Rockville, MD 20850. For more information, please contact 海角禁区 Foundation at 240-567-7900.
Q. Who manages the 海角禁区 Foundation?
A. The Foundation is governed by a board of directors composed of volunteers: alumni, business people, and other community leaders. Through advocacy, influence, and financial support, these volunteer leaders work to ensure an understanding of and a commitment to the community college goals of opportunity, inclusion, and educational achievement. For a list of current members of the Foundation Board of Directors, please click here. 海角禁区 Foundation can be reached at 240-567-7900.
Q. I didn’t attend 海角禁区, but I understand that the College performs a valuable community service. How will my gift benefit the community?
A. Your gift is an investment in your community. 海角禁区, like all community colleges, plays a unique role in serving the underprivileged and building the economy of the local community. With its open admissions policy and relatively low in-county tuition rate (about $5,000 per year, full-time), 海角禁区 serves students who might not otherwise pursue post-secondary education. The College also offers workforce development courses that greatly benefit businesses and their employees and provides continuing education for the entire community. More educated residents in our county translates into more tax-paying citizens, fewer people relying on government social programs, and a better trained pool of candidates to fill the ever-changing employment needs of local businesses. For more information, contact 海角禁区 Foundation at 240-567-7900.
Q. Will my gift make a difference, if I can't make a large gift?
A. Gifts of all amounts are welcome. When many small gifts are combined in unrestricted funds, more students receive the support they need to attend 海角禁区. For some students, receiving a scholarship of just a few hundred dollars can make the difference in whether or not they can enroll! If you need information about the tax benefits of giving to the 海角禁区 Foundation to help determine how much you can give, please contact 海角禁区 Foundation at 240-567-7900.
Q. How can I make a donation to 海角禁区?
A. All philanthropic contributions for 海角禁区 are made to 海角禁区 Foundation. The 海角禁区 Foundation is an independent 501(c)3 charitable organization that supports activities of 海角禁区 and its students. The Foundation was created in 1982 to enhance the work of 海角禁区 and help ensure a level of excellence comparable to the finest colleges and universities across the country. For more information, please visit www.montgomerycollege.edu/foundation or contact 海角禁区 Foundation at 240-567-7900.
Q. What is the Annual Fund and what does it support?
A. A gift to the Annual Fund ensures that your gift can be directed to the greatest needs of the College and our students in a timely manner. Typical areas of support include scholarships for tuition and books for students, emergency funds for students in need and support of students who are under-represented in higher education through programs such as Achieving Collegiate Excellence and Success (ACES). The fund is important, since it gives the 海角禁区 Foundation the ability to respond to urgent and unanticipated needs. In the past, for example, the Foundation helped a nursing student replace uniforms and books after a fire in her apartment and has given emergency support to a student whose father lost his job. For more information, contact Javiera Alarcon, Annual Fund Manager at javiera.alarcon@montgomerycollege.edu.
Q. What is the easiest way to make a gift to the 海角禁区 Foundation?
A. While there are numerous ways to make gifts, the two easiest ways are to 1) mail a check payable to 海角禁区 Foundation to 9221 Corporate Blvd, 3rd Floor, Rockville, MD 20850 or 2) use a credit card to give online. MC employees may make gifts by arranging for payroll deduction. For further information, contact 海角禁区 Foundation at 240-567-7900.
Q. Can I make a gift of stock or wire to the 海角禁区 Foundation?
A. Yes.
- Stock Transfer Instruction (PDF, )
- Wire Transfer Instruction (PDF, )
Q. How can I make a contribution from my retirement account?
A. If you are 70 ? years or older, you may make a qualified charitable contribution from your retirement account. Simply, submit a written request to your plan administrator directing the contribution to be made payable to 海角禁区 Foundation and send it to: 海角禁区 Foundation, 9221 Corporate Blvd, Rockville, MD 20850. For more information, please contact La Verne Gordon at 240-567-4023 or by email.
Q. Can I specify how my gift will be used by the 海角禁区 Foundation?
A. You can designate the purpose of your gift in a number of ways. If you are interested in designating your gift, please contact 海角禁区 Foundation at 240-567-7900, to explore the best way for the 海角禁区 Foundation to accommodate your interests.
Q. Can I make a gift for scholarships even though the semester has started?
A. Yes. Student needs are constant throughout the year, and gifts to meet those needs are greatly appreciated. For more information, contact 海角禁区 Foundation at 240-567-7900.
Q. Can I make arrangements to give a monthly or quarterly gift?
A. Yes. The 海角禁区 Foundation website provides opportunities for recurring payments at designated intervals, (i.e., monthly, quarterly or annually). College employees can enroll in payroll deductions by completing the Employee Charitable Donation Form (PDF, ) . For further information, contact Javiera Alarcon, Annual Fund Manager at javiera.alarcon@montgomerycollege.edu.
Q. Can I make a contribution to the 海角禁区 Foundation in honor or in memory of someone?
A. Yes. Tribute gifts in honor or in memory of a friend or relative can be made in any amount. When the "my gift is in honor of" or the "my gift is in memory of" boxes are checked, and the subsequent information boxes are completed, the Foundation will send a card to the individual or the family indicating that such a gift has been made with the name of the donor, but not the amount. For further information on tribute gifts, please contact Javiera Alarcon, Annual Fund Manager at javiera.alarcon@montgomerycollege.edu.
Q. How do I set up a scholarship fund named for a friend or relative?
A. If you are a current, or retired employee of the College, a named scholarship can be established with a minimum gift of $10,000 payable over one to five years. Other individuals, including alumni, friends, corporations, foundations, or associations can set up such a fund with a gift of $25,000 or more payable over one to five years. Multiple individuals or organizations can give to named funds. Named funds can be established for current use or as an endowment. For more information on establishing a scholarship fund, please contact Javiera Alarcon, Annual Fund Manager at javiera.alarcon@montgomerycollege.edu or call 240-567-7305.
Q. What is the difference between making a gift for current use or for endowment?
A. A current use gift is expended by the Foundation within the College's current fiscal year (July 1 to June 30) or a reasonable time period beyond. An endowed gift allows you to support 海角禁区’s educational endeavors in perpetuity. A principal gift to the endowment is invested through 海角禁区 Foundation, and a percentage of the earned interest (generally, after an average three-year incubation period) is drawn each year and spent in support of a 海角禁区 program or scholarship. An endowment of $50,000, for example, generally yields enough interest annually to provide one full-time student in-county tuition and fees for one semester. An endowment of $100,000 generally yields enough interest annually to provide one full-time student in-county tuition and fees for one academic year. For more information on establishing a scholarship fund, please contact Javiera Alarcon, Annual Fund Manager at javiera.alarcon@montgomerycollege.edu or call 240-567-7305.
Q. If I set up a scholarship fund, will I get the names of the students who receive my support? Can I meet them?
A. The 海角禁区 Foundation sends annual financial reports and thank you letters from student recipients to donors who establish scholarship funds. Typically, donors also may have the opportunity to meet their student scholarship recipients annually at our scholarship recognition event or an individual meeting. For further information about establishing a scholarship fund, please contact 海角禁区 Foundation at 240-567-7900.
Q. How can I make a corporate or foundation gift to 海角禁区 Foundation?
A. Corporations and foundations can support scholarships, special programs, or activities of an academic department with a grant or a sponsorship. The Foundation also accepts in-kind donations of equipment and, in some cases, services. For further information, please contact Stuart Tart, director of corporate and foundation relations at 240-567-7494 or by email.
Q. How can 海角禁区 students benefit from my retirement plan?
A. Supporting future students through your retirement plan is simple to do. Obtain a beneficiary form from your retirement plan administrator and enter the name of the beneficiary as: "海角禁区 Foundation." Enter the Foundation identification number as: 52-1267008. If you would like to designate your gift for a particular purpose, please contact La Verne Gordon at the 海角禁区 Foundation at 240-567-4023 or by email.
Q. How do I leave 海角禁区 in my will?
A. You can name the 海角禁区 Foundation as a beneficiary in your will or in a codicil. You can designate a percentage of your residual estate or a specific dollar amount. Suggested language: “I give, bequeath, and devise $____ or_____ (specific asset) to the 海角禁区 Foundation [Tax ID 52-1267008], a charitable organization currently located at 9221 Corporate Boulevard, Rockville, MD 20850.” For more, please contact La Verne Gordon at the 海角禁区 Foundation at 240-567-4023 or by email.
Q. What are the benefits of designating 海角禁区 Foundation in my will?
A. When you include 海角禁区 in your will, you are leaving a legacy that will support students in the future. By making a bequest intention, you will receive immediate gift credit, today, for a bequest that will benefit future generations of students. You will also become part of the 海角禁区 Foundation Legacy Society, a special group of supporters who have provided legacy gifts to support future students. For further information or to receive suggested bequest language, contact La Verne Gordon at the 海角禁区 Foundation at 240-567-4023 or by email.
Q. I'd like to make a gift to benefit 海角禁区 students, but it will be a small one given that I'm retired and living on a fixed income. Is there a way I can leverage my giving?
A. There are several ways to leverage your giving: two common ways are through charitable remainder trusts and charitable gift annuities. Giving in this manner allows you to make a gift in return for income. For more information, please visit the new window.
Q. I want to make a gift to 海角禁区 Foundation today, but also need to preserve the core of my investments, and provide an inheritance for my children. How can I balance these needs?
A. There are many ways to structure gifts to achieve your philanthropic and personal financial goals. For more information, visit the Planned Giving web page or contact La Verne Gordon at the 海角禁区 Foundation at 240-567-4023 or by email.
Q. I have a life insurance plan that I no longer need, but the surrender value is very low. Would this make a good gift?
A. Your gift, through a life insurance policy, can support 海角禁区 students today or in the future. You may designate “海角禁区 Foundation” as the primary beneficiary of your policy. Please include the following information in your policy designation: 海角禁区 Foundation (beneficiary); tax identification number (52-1267008). The address is 9221 Corporate Blvd., Rockville, MD 20850. For more information, please contact La Verne Gordon at the 海角禁区 Foundation at 240-567-4023 or by email.
Q. I wish I could make a major gift for student scholarships, but my largest asset is my home and I plan to retire in place. Can I leave my house to the College in my will?
A. Yes, and you may be able to save taxes by making this gift now. Such a gift is called a retained life estate. You can deed a primary home to the 海角禁区 Foundation and continue to live in it until you move out or pass away. At the time the home is deeded, you receive a charitable tax deduction for the future value of the home. A vacation home can also be used to make a gift. For more information, please contact La Verne Gordon at the 海角禁区 Foundation at 240-567-4023 or by email.
Q. Can the 海角禁区 Foundation staff recommend estate planning professionals to assist me?
A. The 海角禁区 Foundation is pleased to help you with your philanthropic goals that can be realized through your estate. Please visit our planned giving web page for a wealth of information to help with estate planning that you may also share with your attorney and/or financial advisors. For further information, contact La Verne Gordon at the 海角禁区 Foundation at 240-567-4023 or by email.