LCC Alumni & Foundation

Welcome to the LCC Foundation

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

Scholarships
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. All donors not requesting anonymity are listed in the annual Honor Roll of Donors issue of Cardinal magazine. 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 magazine each Spring, unless anonymity is requested.

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

President's Club - An annual luncheon is held for donors who give $500 or more each year. Members of the President's Club, Lifetime Giving Levels, and members of the Heritage Society are listed on the Donor Wall of Honor outside the President's office in the main administration building of the College.

The Heritage Society - Recognizes those who have confirmed in writing that a gift from their estate will be coming to the Foundation. This can be by bequest, life insurance, annuity, or trust. Heritage Society members receive a special plaque at the annual Donor Appreciation Luncheon.

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 $2,500. Naming opportunities for larger gift amounts are available.

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

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