Giving at Eastern Arizona College
There are many reasons to make a charitable donation to Eastern Arizona College. Whether you would like to benefit students through scholarships, program enhancement or helping the college with capital projects like building enhancements or technology upgrades, Eastern welcomes your assistance.
Consider your needs also. There are many ways to make a charitable contribution and we'd like to help you make one that's best for you. Feel free to call us at (800) 445-2472 if you have questions not answered on our web site.
Gifts by check may be made payable Eastern Arizona Foundation and sent to:
Eastern Arizona College Foundation
PO Box 769
Thatcher, AZ 85552-0769
The EAC Foundation is a 501(c)3 non-profit corporation. Contributions
are
tax deductible as allowed by law.
Planned giving
Planned giving offers flexible options to Eastern's alumni and friends for achieving financial goals while making valuable gifts to the College.
Some planned gifts offer life income, making them attractive to those seeking constant or additional income sources. Other planned gifts can minimize estate and capital gains taxes and maximize inheritances for remaining family members.
Please contact EAC Foundation Executive Director David Udall at (800) 445-2472 for more information on planned gifts. The sections below offer information on various ways to make a planned gift to Eastern Arizona College.
Bequests
Gifts given through your will - Many individuals look back at their lives and choose to give back to their community as they make their estate plan. After providing for family, many set aside a percentage or amount to be given to Eastern Arizona College. This can be done in a will, codicil to a will or in a living trust.
Charitable Lead Trust
A gift to your family and EAC - A charitable lead trust allows you to make a gift to Eastern while passing on assets to your children or grandchildren with less taxes. Typically, this means more assets are passed on to your descendants.
A lead trust pays either fixed or variable income to Eastern for a number of years. When the trust term ends, the principal goes to your family (or other designated beneficiary).
Charitable Remainder Unitrust
Variable income with potential for growth for life or term - A charitable remainder unitrust allows you to make a gift to Eastern and receive life income. This trust also provides significant tax benefits.
Key benefits of the charitable remainder unitrust:
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Retaining income
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Qualifies donor for an income tax deduction when gift is made
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Capital gain not recognized on appreciated assets
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Income grows over time if trust assets grow
Example:
Carol and Bill, both age 65, fund a $100,000 charitable remainder trust with appreciated stock paying low dividends. The trust pays 6% of the value of the trust (determined each year) in quarterly installments to both, and then to the survivor for life.
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Receive an income tax charitable deduction of approximately 28,000 (amount varies depending on individual tax brackets and tax law changes).
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Capital gain from the stock value is not taxed
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Receive variable income beginning with $6,000 the first year.
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No management responsibilities.
Charitable Remainder Annuity Trust
A charitable remainder annuity trust allows you to make a gift to Eastern and receive life income. This trust also provides significant tax benefits.
Key benefits of the charitable remainder annuity trust:
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Retaining fixed income
-
Qualifies donor for an income tax deduction when gift is made
-
Capital gain not recognized on appreciated assets
-
Free from investment management worries
Example:
Carol and Bill, both age 65, fund a $100,000 charitable remainder trust with appreciated stock paying low dividends. The trust pays 6% of the value of the trust in quarterly installments to both, and then to the survivor for life.
-
Receive an income tax charitable deduction of approximately 28,000 (amount varies depending on individual tax brackets
and tax law changes). This deduction will increase for individuals older than 65.
-
Capital gain from the stock value is not taxed
-
Receive fixed income for life of $6,000 (quarterly installments of $1,500).
-
No management responsibilities.
Other Gifts
Securities and real estate as well as the proceeds of insurance policies can be gifted to EAC at full market value while avoiding capital gains taxes.
Please contact EAC Foundation Executive Director David Udall at (800) 445-2472 for more information on planned gifts.
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