| Frequently asked questions
Isn’t TCC supported by the state? Why does
TCC need private funding?
What are the benefits of giving to the Foundation?
What is the relationship between TCC and the TCC Educational
Foundation?
How can I make a contribution or set up a scholarship?
What is an endowment?
How do I update information about myself?
Isn’t TCC supported by the state?
Why does TCC need private funding?
Yes, TCC is a state-assisted college. We are the second largest
of 23 community colleges in Virginia. The state of Virginia remains
our primary funding source, however, the hallmark of truly great
educational institutions is a diversified funding base. Private
funds allow us to supplement our state funding and provide for superior
equipment, facilities, and programs to train a world-class workforce.
Go back to the top.
What are the benefits of giving to
the Foundation?
In addition to investing in the education and training of students
and the development of a competitive and skilled workforce for the
Hampton Roads community, you may also realize significant tax and
income benefits by making a gift to the Foundation. You may receive
income savings through a charitable deduction, based on your tax
rate. You may avoid capital gains tax on gifts of appreciated stock
or property. You may create life income for yourself and/or others
through life income and planned gifts. You can eliminate federal
estate tax on the value of a gift passing to the Educational Foundation
under a will or revocable trust. In addition, your gift will be
recognized in our annual report unless you specify otherwise.
Please note that these benefits may not be applicable to all gifts.
Please consult your attorney or financial advisor for more detailed
benefits of a gift. Go back to the top.
What is the relationship between
TCC and the TCC Educational Foundation?
The TCC Educational Foundation is a non-profit entity created solely
for the benefit and support of Tidewater Community College. All
gifts to the Foundation directly benefit the college and are tax
deductible. Go back to the top.
How can I make a contribution or
set up a scholarship?
We are grateful for your contribution by personal check, money order,
cashier’s check, MasterCard, VISA, and American Express, as
well as gifts of stock and other real property. Checks should be
payable to Tidewater Community College Educational Foundation, Inc.
and sent to:
Tidewater Community College Educational Foundation
Post Office Box 3575
Norfolk, VA 23514-3575
To establish a new scholarship, please contact the Development
Office at 757.822.1079. A named scholarship may be established with
a gift of $1500. An endowed scholarship can be established with
a gift of $30,000 that may be made over a period of up to five years.
The TCC General Scholarship Fund receives gifts of any amount. Go
back to the top.
What is an endowment?
Endowment funds allow us to provide for the future needs of the
college as well as the current needs. The principal of the gift
is carefully invested and preserved in perpetuity. Only the interest
generated is used to provide financial support to the area designated
by the donor. An endowment can be established with a gift of $30,000
that may be made over a period of up to five years. Go
back to the top.
How do I update information about
myself?
Keeping our donor records current is very important to us. If you
would like to make us aware of a change in your personal information,
please contact:
Marcel Hart, Development Assistant and Database Administrator
Phone: 757.822.1079
Fax: 757.822.1060
mhart@tcc.edu
Post Office Box 3575
Norfolk, VA 23514-3575 Go back to the top.
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