Donors may feel a strong desire to support Daytona State College, by providing a donation to Daytona State College Foundation, however simply cannot provide at this time. If this is of interest to you, please contact Judy Haydt at 386-506-3110 to discuss the opportunity to make a planned gift to Daytona State College Foundation.
Further, many donors include specific instructions or designations with their deferred gifts. The best time for Daytona State College Foundation to learn of any deferred gift plan, especially if it is designated for some specific purpose, is while the donor is still available to discuss these important details. This can be done directly with the Foundation or anonymously, through an intermediary such as the donor’s attorney. Regardless, if you have considered including DSCF in your estate plans, please let us know so we can do our best to honor your wishes.
Having a signed document on file with DSCF detailing the donor’s intention/instructions gives the donor flexibility with any future modifications regarding the gift’s purpose without the necessity and expense of rewriting the donor’s will. Most donors find this provision attractive. Please let us know if you wish to designate your gift and we will work with you to record your instructions.
Illustrations of planned gifts:
I. Gifts via Will: You may make provisions for Daytona State College Foundation in your will by designating to our Foundation a dollar amount or a percentage of your estate.
Suggested language: “(Describe specific property, or insert dollar amount or percentage) is to be used to benefit Daytona State College students with the greatest financial need (or donation can go to a specific program for program needs, etc.)
II. Gifts of Life Insurance: Naming Daytona State College Foundation (DSCF) as the owner and beneficiary of a life insurance policy provides gift opportunities to DSCF and charitable tax deductions for the donor.
III. Gifts from Deferred Compensation Plans: Your qualified retirement plan (IRA, 401K, 403B, qualified pension plan, etc) may be used as a source of a deferred gift. You simply request a Change of Beneficiary form from the company that administers your plan and name Daytona State College Foundation (DSCF) a beneficiary of all or part of your plan.
IV. Charitable Remainder Trusts: A Charitable Remainder Trust is an arrangement in which property or cash is irrevocably transferred into a trust and eventually designated for the benefit of named charities.
Additional gift options include: living trusts, charitable gift annuities, life estates, etc.