Ways of Giving

We invite you to invest in Tidewater Community College. Partner with us, help the college continue to provide the highest quality educational opportunities to our students and train skilled workers for the Hampton Roads community.

There are many ways to give to Tidewater Community College. Whether you give an unrestricted gift that will go to the area of greatest need or a specific gift to a program or scholarship, your gift will make a difference to the future of TCC and our students. We appreciate your generosity.

Use the links below to learn more about specific ways of giving.

Online Giving

Unrestricted Annual Giving

Major Gifts

Planned Giving

Corporate and Foundation Giving

Matching Gifts

Honorary or Memorial Gifts

Gifts-in-Kind

Unrestricted Annual Giving

Annual unrestricted giving is critical to TCC because it provides resources necessary to meet immediate needs and increasing demands. Unrestricted giving allows the college to determine the best use of the gift.

Cash is the most popular way of giving to the Annual Fund and has an immediate impact on the college. We appreciate 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 made payable to Tidewater Community College Educational Foundation, Inc. and sent to:

Tidewater Community College Educational Foundation
Post Office Box 3575
Norfolk, VA 23514-3575

Stocks and bonds are, next to cash, the most popular way of making a gift. Gifts of securities can be one of the most advantageous ways of giving. If your gift of stock is one you have owned for more than a year, you may qualify to deduct the full market value of the stock as a charitable contribution, while bypassing capital gains taxes.

Gifts of personal property including works of art, books or equipment, may be of benefit to the college and provide tax advantages to you as a donor. Gifts of tangible personal property accepted by the Tidewater Community College Educational Foundation may qualify for a charitable deduction for the appraised fair market value at the time of the gift.

Gifts of real estate or real property to The Foundation will be considered on a case-by-case basis. Gifts of appreciated real estate are like gifts of appreciated stock. Assuming you have owned the property for more than one year, the gift may be deductible as a charitable contribution for the fair market value of the real estate at the time of the gift and may avoid capital gains taxes.

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Major Gifts

Major gifts generally include gifts from individuals, corporations and foundations of $30,000 or more, the minimum required for establishing an endowment, or to name a fund as an honor or memorial. The major gift can be pledged with installments paid in as many as five years. Major gifts can impact TCC by:
• Providing endowment funds for the future of the college
• Endowing a chair, professorships, and/or department
• Increasing the number and value of scholarships

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Planned Giving

Planned gifts can be an important part of an overall estate plan. A planned gift can provide methods of reducing gift and estate taxes, and reducing the cost of probate. Capital gains taxes on appreciated assets may also be avoided if the gift is structured properly. The Foundation staff will be glad to supply you with more information on the benefits of planned gifts or you may consult your financial or legal advisors for more information.

Life Insurance can be a convenient and cost effective way of making a substantial gift for the future of the college. Gift opportunities range from naming the college as owner and beneficiary of a life insurance policy to using life insurance to replace assets given to the college. Under the latter arrangement, the donor makes a significant gift to the college and uses the tax savings to purchase a life insurance policy. The policy will replace the contributed funds for the future of the donor’s family.

Retirement Savings provide another way for a donor to create a lasting legacy at TCC. The college can be named as the beneficiary of a portion of your retirement funds. In the event you wish to make this type of gift, you should contact the administrator or person in charge of your individual retirement account, profit sharing account or other retirement plan. Retirement plans are a desirable means of making charitable gifts because of the high tax burden associated with passing these assets on to non-charitable recipients.

Bequests, or remembering Tidewater Community College in your will, removes assets from the donor’s estate and reduces its exposure to federal taxes. Bequests can include gifts in the form of:
• Property such as cash, securities or personal property
• A percentage of your estate
• The residue of your estate (property remaining after other bequests have been fulfilled.)

Other deferred gifts may be used to provide for the future of Tidewater Community College. One example of this type of gift is a trust. Under such an arrangement, you can provide for one or more individuals to receive income from an asset during their lifetime and then at their death the principal would go to Tidewater Community College. Another method of making a deferred gift is through a charitable gift annuity. When setting up a deferred gift, it is important to work with a representative of the Tidewater Community College Educational Foundation and consult your tax advisor or attorney.

The TCC Educational Foundation is pleased to be a member of Leave A Legacy® Hampton Roads. Pleaase remember TCC in your will or estate plans.

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Corporate and Foundation Giving

TCC is fortunate to have investors such as community organizations, corporations and foundations who value community relationships and support education. As a corporation, giving back to your community is not only good business; it is an investment that yields great dividends – improved lives and an improved community. TCC prospers when corporations and foundations financially support our education and workforce missions through major gifts and matching gift programs. We are proud to have developed many partnerships with businesses in the Hampton Roads community and we continue to search for new partnerships with corporations and foundations.

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Matching Gifts

When you make a gift to the Tidewater Community College Educational Foundation, you can increase the amount, the significance, and the impact of your gift by taking advantage of a corporate matching gift program. Thousands of companies provide matching gifts for their employees and retirees and some provide matching gifts for gifts made by spouses of employees and retirees. These programs allow you, as an employee, to direct your organization's corporate philanthropy to the benefit of TCC when they match your personal gift. Inquire at your human resources or employee benefits office to determine if your company will match your gift. There are also some foundations and associations that provide matching funds.

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Honorary or Memorial Gifts

Honorary gifts recognize special individuals, anniversaries or events. Memorial gifts recognize lifetime accomplishments of individuals who have passed away. Honorary or memorial gifts can be unrestricted or designated for use in a particular discipline, department, or program. A family member of the person being memorialized is notified of the news of donors making memorial gifts. Named scholarships can be established through memorial/honor gifts totaling $1,500 and endowed gifts totaling $30,000.
When making a memorial gift, simply include a note with the following information:
• Name of the deceased
• Name and address of the surviving family member to whom notice of this gift should be sent.
• Your name, address and phone number.

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Gifts-In-Kind

Provided the gift is one that meets a college need, we appreciate gifts of non-cash tangible assets or gifts of service to the college. Examples of gifts-in-kind include computers, works of art, books, and labor.

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By investing in Tidewater Community College, you are ensuring that the college continues to offer the highest quality educational opportunities to the citizens of our region. We invite you to consider becoming an investor in TCC. If you have questions about a gift to Tidewater Community College, please contact a Development staff member at 757.822.1079. We look forward to hearing from you.