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North Scott Community School District

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Ways to Give

Ways to Give

Gifts you make to the North Scott Educational Foundation will make a difference in the lives of our young people. Scholarship awards are key to the possibility of higher education for some students and a positive incentive for others. The gift of education will reap a rich harvest.

The North Scott Educational Foundation presents many opportunities for contributions that can be adapted to suit a variety of needs. Here are a few ways to make a gift and plant the seed that will touch the future.

Gifts of Cash

Gifts of cash can be given regularly to the Foundation. If donors itemize their taxes, writing a check is the easiest way to obtain a year-end tax deduction. Additionally, some employers match the gifts of employees. You may also DONATE ONLINE.

Memorial Gifts

Memorial gifts of cash can be given in memory of friends and relatives. Memorial scholarships may be created from these gifts.

Gifts of Life Insurance

Gifts of life insurance are gladly received. Prospective donors may purchase new policies or donate currently owned policies. Tax deductions are gained by designating the Foundation as both the owner and beneficiary of the policy.

Gifts of Real Estate

Gifts of real estate are also an option. Donors can avoid the capital gains tax and also receive a charitable deduction for the full fair market value of the property.

Gift of Stock

Gifts of stock, both of appreciated and depreciated values, are welcome. Stocks of appreciated value that have been owned for more than one year can be beneficial in two ways. First, donors can receive an income tax charitable deduction for the full fair market value of the stock at the time of the gift. Depreciated stocks can also be of some value. Prospective donors may sell the stock and contribute proceeds to the Foundation, and thus take a capital loss on tax returns.

An Endowment

An endowment is a gift by which donors can ensure that their support continues perpetually. As with all endowments, only a portion of the investment earnings and asset growth from the gift is used for annual scholarships. The principle is preserved and invested to perpetuate growth and keep pace with inflation.

The rule of thumb to endow gifts is to give an amount equal to twenty times the amount to desired to be given annually for a scholarship. Gifts can be earmarked for an existing endowment fund, or new endowment funds bearing the name of the donor can be established.

Bequests to the Foundation

Bequests to the Foundation can be made through wills and estate planning. If an estate is valued at a high level that would allow for estate taxes, it is possible to avoid those taxes by providing for a charitable bequest in a will. There are several ways to include the Foundation in a will. Specifically, bequests of money, property or a percentage of the estate can be given.

The NSEF invites inquiries, but recommends that donors consult with a family lawyer, tax consultant, broker, or insurance professional.
North Scott Community School District

Contact Information

North Scott Community School District

251 East Iowa Street
Eldridge, IA 52748
  • Phone: (563) 285-4819
  • Fax: (563) 285-6075
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