Welcome to the LCC Foundation

Purpose
Types of Gifts
Gift Recognition Levels
Recognition For Your Gifts
Foundation & Alumni Association Board of Directors
Let Us Hear From You

Purpose
Our purpose is to support programs of the College by raising private gifts from alumni, friends, and corporations. Gifts are used for:

• Scholarships (List of Scholarships Provided)
• Faculty Professional Development
• College Departments
• Student Activities
• Community Outreach
• Current Operations

Your gifts to the Foundation are tax-deductible to the extent provided by law. The Foundation is a Kansas non-profit corporation and a 501(c)(3) non-profit organization as defined by the Internal Revenue Service.

Our financial records are in compliance with pronouncements of the Financial Accounting Standards Board (FASB). An annual audit of our finances is available for public inspection at the Foundation office, 200 S. 14^th Street, Parsons, Kansas 67357, as are all required state and federal reports and filings.

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Types of Gifts
Gifts with no stipulation as to purpose or use are unrestricted. You may restrict your gift for a designated purpose. A gift may be expendable - immediately usable for current purposes. Or, it may be retained, perhaps as an endowment gift to be invested and held permanently for the income derived.

Gifts other than cash include:

Marketable Property - Securities, real property, and salable personal property.

Gifts-in-Kind - Gifts to be used in the form in which they are given, such as art objects, books, and equipment.

Rights and Insurance - Royalties, copyrights, trademark rights, and insurance policies naming the Foundation as a beneficiary.

Gifts-in-Trust - Resources given in exchange for a lifetime income to you or some you name, after which this income will be used by the Foundation according to your wishes.

Memorial and Honor Gifts - Gifts made "in memory of" or "in honor of" persons will be used as unrestricted income, unless otherwise specified by you.

Temporary Funds - Non- invested funds expendable for designated or undesignated purposes, often in the year the gift is made.

Bequests - You may arrange by Will that a specified dollar amount or specified percentage of your estate will be gifted to the Foundation. You may also arrange, after the death of a named beneficiary, that some or all of the amount the named beneficiary would have received will be gifted to the Foundation.

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Recognition for Your Gifts
Recognition Levels - Recognition is based on gifts or pledge payments received within a calendar year. Recognition levels are as follows:

ANNUAL GIFTS
These count toward recognition of Lifetime Gifts.

President's Club

• Platinum Level $10,000 or more

• Gold Level $5,000 or more

• Silver Level $2,500 to $4,999

• Bronze Level $1,000 to $2,499

• Executive Level $500 to $999

• Red and White Club $250 to $499

• Cardinal Club $100 to $249

• Other Gifts Under $100
  

Lifetime Gifts

• Circle of Excellence $100,000 or more
• Leadership Club $50,000 to $99,999
• Pacesetter Club $25,000 to $49,999
• Builder Club $10,000 to $24,999
• Patron Club $5,000 to $9,999
• Merit Club $2,500 to $4,999
• Honor Club $1,000 to $2,499
  

Honor Roll of Donors - All donors in the previous calendar year are listed in the Honor Roll of Donors issue of Cardinal Newsletter each Spring, unless anonymity is requested.

Donor Appreciation Luncheon - A Donor Appreciation Luncheon is held annually for all donors of record.

Naming Opportunities - Available for endowed scholarships, programs, and capital projects. An endowed scholarship fund may be named for you, or in memory of or tribute to a loved one, when the fund reaches $5,000. Naming opportunities for larger gift amounts are available.

 

LCC Foundation and Alumni Association Board of Directors:
Robert Bartelli, Jr. ’07, President Julia Finley, Vice President Dr. Jerry Bouman, '77, Treasurer Erlene Cares, Secretary Sandy Babcock ’79 Robert Brandenburg ’59 Shirley Chalker ’64 Mark Gilpin	Marlan Hoffman Pam Holmes William “Bill” Lassen ’81 James McCarty Dan Peterson Jody Thompson Christopher Way Dr. George Knox, Ex-Officio Sophia Zetmeir, Ex-Officio

Let Us Hear From You
If you have questions or comments, please let us know. At your request, we would also be happy to consult with your legal and financial advisors on your gift plans.

You may write us at:
 LCC Foundation
200 S. 14^th Street
Parsons, KS, 67357
620-421-6700, Ext. 1212 or
Email Lindi Forbes

A one-time 3% allocation to the administrative services fund applies to all gifts made to the Foundation.  This allocation is necessary to cover administrative services such as record keeping, financial statements, communications, fund raising, grant applications, etc. All donors receive full credit for the total gift amount.

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