Skip to the main content

Make a Gift to PBSC

STEAM 2020 2020 GOLF CLASSIC MAKE A GIFT PLANNED GIVING DONOR RECOGNITION SCHOLARSHIPS MEET THE STAFF FORMS

Since its inception in 1933, Palm Beach State College has become the largest institution of higher education in Palm Beach County and maintains a $1 billion annual economic impact on the community. From faculty and staff to students and alumni to philanthropic partnerships, together, we move both College and Community forward, from expected to extraordinary.

Because of you – friends, individual donors, community partners, longtime patrons – we can provide students with academic progress that leads to economic and social stability for all of us.

Education has the power to transform not only the lives of our young people but also society as a whole. Investing in education results in a stronger, healthier, wealthier community, inspiring hope and empowering a new generation to create a better future.

 

Direct a Gift - Choose your area of impact

Your gift may also be designated to many different areas of the college.

Your ongoing support makes a difference

The Annual Fund is the lifeblood of the Palm Beach State College Foundation, providing a steady source of revenue for the Foundation and offering a series of benefits for the donors.

An annual club gift can be earmarked for a specific purpose or used for general operations. Here is a list of giving levels and corresponding members benefits for donors:

President's Club ($5,000+)

  • Prominent name placement on a placard at all four campus locations
  • Invitation to annual Holiday celebration with the College president, Foundation executive director and philanthropic peers
  • Invitation to all special events

Provost's Club ($1,000 -- $4,999)

  • Prominent name placement on a placard at all four campus locations
  • Invitation to annual scholarship luncheon

Dean's Club ($500 -- $999)

  • Placement of name on a placard at all four campus locations

A Simple Contract
A charitable gift annuity is a simple contract between you and the Palm Beach State College Foundation. The Foundation pays you a set amount of annuity (income) for the rest of your life in exchange for a one-time gift of cash or securities. This creates an immediate federal charitable tax deduction and other possible tax benefits.

Income for Life
The rate paid to you is determined by your age; higher rates are paid to older donors. You may have as many contracts as desired opened at various stages of your life, with a different rate established for each contract. The Foundation uses rates established by the American Council on Gift Annuities (ACGA) which reviews the rates annually to determine competitiveness. Visit www.acga-web.org/ to view current rates.

Substantial Tax Benefits
A charitable gift annuity can create significant income tax benefits, including a charitable contribution tax deduction, ordinary income tax savings and reduced capital gains – if the contract is funded with highly appreciated assets, such as stocks or bonds.

Requirements
Charitable Gift Annuities donors must be at least 55 years of age. The minimum gift is $10,000 cash or cash equivalent (no real estate).

Benefits

  • Creates a lifelong income and retirement peace of mind
  • Creates an immediate charitable contribution tax deduction
  • Helps support higher education in our community
  • Can create additional tax benefits


Questions & Answers

1) Are there any disadvantages to creating a charitable gift annuity?
No, but a donor must remember that establishing a charitable gift annuity is an irrevocable transfer. That is your money can never be returned or refunded.

2) Can I add to my charitable gift annuity later?
No. Each contract is set for life, producing income and tax benefits unique to its creation. However, donors may own as many individual charitable gift annuities as desired.

3) How does Palm Beach State benefit?
The College invests the amount you transfer (your gift) to establish the charitable gift annuity. This is combined with other donor gifts to create a pool which provides interest to pay you income. The College Foundation retains your original gift upon your death. This money is used to support the college’s mission of providing open-access to higher education. The Foundation raises funds to provide student scholarships, support programs such as nursing and paramedic and assist in construction of new classroom buildings when necessary.

4) What is the best asset(s) to use to fund a charitable gift annuity?
The answer depends upon your personal financial situation. If you use highly appreciated securities you can avoid the capital gains tax on the appreciated value. A portion of the annuity payments (income) will be tax free, while the remainder is taxed as ordinary income.

5) How can I learn more about creating a charitable gift annuity?
Contact the Palm Beach State College Foundation or your professional financial advisor.

6) What are the benefits from opening a charitable gift annuity?

  • Immediate federal tax charitable deduction
  • Guaranteed fixed annual income for life – for up to two annuitants
  • Your estate may enjoy reduced probate costs and estate taxes
  • If you fund the contract with appreciated stock, bond or mutual fund, a portion of the income will be considered a capital gain distribution.
  • Your gift will generously support Palm Beach State to continue its important work


7) Should I consult with my financial advisor?
Definitely. Your financial advisor can help determine the best method for you to use to fund the charitable gift annuity. For instance, if funded with cash your donation is deductible up to 50% of your adjusted gross income (SGI). Gifts of long-term, appreciated securities are deductible up to 30% of your AGI. If your income is not sufficient to use the entire deduction in one year, you can carry forward the unused portion for up to 5 years.

8) How is the annuity rate determined?
Palm Beach State Foundation follows the recommended rates established by the American Council on Gift Annuities. The group meets bi-annually to review the rates. The older the donor, the more income you can receive.


For more information contact The Foundation Office at (561) 868-3450

 

Create a Corporate Partnership with PBSC

Our Strategic Corporate Partners program offers a range of opportunities that effectively integrate strategic goals of businesses and corporations with community giving.

As your strategic corporate partner, we work with you to develop customized programs that align your business goals with the College’s priorities. Affiliation with PBSC presents your organization to key stakeholders in compelling and dynamic ways.

Through a Palm Beach State corporate partnership, your company receives vital exposure across multiple audiences and programs, from event sponsorships to naming opportunities that make a lasting impact.

For more information, contact Ana Thomas, director of corporate partnerships, at (561) 868-3569 or thomasa@palmbeachstate.edu.

Demonstrate your commitment to higher education by establishing a corporate-named scholarship and empower first generation in college students to be the first in their family to complete a college degree.

Your company’s scholarship program not only inspires hope, advances skills and transforms their lives but also builds a legacy for their families and community as well as your organization.

"Thanks to this scholarship, I am the first in my family to attend college. This means the lives of my family and future generations will change forever." Sandy Exilhomme, PBSC FGI graduate

A corporate scholarship provides the resources to help students develop into quality professionals who in turn give back to their communities.

For more information, contact Ana Thomas, director of corporate partnerships, at (561) 868-3569 or thomasa@palmbeachstate.edu.

 

Enhance a PBSC program of your choice to advance academic learning, hands-on training and student services.

Innovative partnerships elevate programs to create real-world experiences where students thrive in the highest quality learning environments.

Raise the bar of a program's delivery of educational technology; take curriculum from expected to extraordinary; empower workforce development through cutting-edge training programs.

For more information, contact Ana Thomas, director of corporate partnerships, at (561) 868-3569 or thomasa@palmbeachstate.edu.

 

Position your brand by sponsoring a strategic College event.

  • The College’s annual signature event, STEAM provides for Science, Technology, Engineering, Arts and Mathematics initiatives and innovation in higher education. World-renowned guest speakers James Patterson, Neil DeGrasse Tyson, Steve Wozniak, Danica Patrick, Tony Dungy and others have inspired the Palm Beach County community over the past eight years.
  • Engage with other corporate partners at PBSC’s Annual Golf Classic on the Champion Course at PGA National in Palm Beach Gardens, host to the Honda Classic, the famous Bear Trap and the game’s greatest players. The event offers networking opportunities for local organizations and allows us to connect with friends, experience a top-rated course and provide scholarships that impact students’ lives.

For more information, contact Ana Thomas, director of corporate partnerships, at (561) 868-3569 or thomasa@palmbeachstate.edu.

 

PBSC’s Performing Arts program brings theatre, music, dance and fine arts to the College and community.

Theatre Series Sponsor

  • Sponsor a season series or an individual performance at the Eissey Campus Theatre, Duncan Theatre and Dolly Hand Cultural Arts Center and elevate your organization’s exposure throughout Palm Beach County’s cultural arts community.

Art Gallery Exposition Sponsor

  • Sponsor a virtual or live exhibition (4-6 weeks) at the Lake Worth and Palm Beach Gardens campus art galleries.

For more information, contact Ana Thomas, director of corporate partnerships, at (561) 868-3569 or thomasa@palmbeachstate.edu.

 

Panther Athletics Teams Sponsor

  • Receive company exposure and logo recognition with athletic field/scoreboard signage.
  • Sponsor select home games as you engage students and community with your corporate mission and brand.

For more information, contact Ana Thomas, director of corporate partnerships, at (561) 868-3569 or thomasa@palmbeachstate.edu.

 

Name a College asset, key program or campus facility and make a transformational gift that will impact the lives of our students while creating an everlasting brand in the Palm Beach State community. 

For more information, contact David Rutherford, Vice President of Institutional Advancement and Executive Director of Foundation, at (561) 868-3572.

The power to change lives is the heart of our mission

When a scholarship is awarded to a student, you are forever altering that student's future. It may be one of the most rewarding things you do in your life. You can fund a scholarship or make a gift to the general scholarship fund.

First Generation in College (FGIC) Scholarships
Through legislative action, FGIC scholarship fund specifically supports those students who demonstrate financial need and whose parents have not earned a baccalaureate degree. Make your contribution to the FGIC and it will get matched dollar for dollar (100%) by the state legislature to distribute these resources to the students who represent the first generation in college for their families.

Annual Scholarships ($2,500+)
These are funded yearly and money is distributed to students that same year, so your dollars are immediately applied to education. A five-year commitment is all it takes to establish a naming scholarship in your or someone else's honor.

Endowed Scholarships ($25,000+)
This is a long-term scholarship plan in which your contribution is invested into a growth fund. The interest is then used to fund scholarships. A minimum dollar amount is required to establish this type of scholarship.

Support an existing Scholarship
You may have a strong desire to support a particular program scholarship fund already established. View the existing scholarship list, which contains a brief description of the scholarship's purpose. Contact us to allocate your gift to a specific fund.

A Case for Giving

A major gift is transformative and allows us to promote excellence across all PBSC programs, recruit and retain the most deserving students and attract top-notch faculty. Major gifts have provided desperately needed scholarships, taken programs to new levels and enabled financial stability to essential initiatives. A major gift is long-lasting, providing support in perpetuity through establishing an endowment fund.

When you decide to give, you will have many opportunities to make a difference.

How can you make a gift?
To learn more about the many opportunities to give, please contact the Foundation Office at foundation@palmbeachstate.edu, or call 561-868-3450.

Why consider a major gift?

  • to make a difference-for a student, a department, a facility or a program.
  • to remember someone you love or respect-by naming a scholarship, a program -even a building.
  • to maintain an interest or affinity in a particular program you want to see grow and succeed.
  • to show your gratitude for the PBSC experience.
  • to demonstrate your leadership and your support for higher education in Palm Beach County.
  • to challenge others to give
  • to support your financial or estate planning through philanthropic tax advantages.
  • to be recognized and join your peers in giving. At PBSC, we believe there are compelling reasons for each of our alumni and friends to give.

A promise of great benevolence, your gift to future generations

Some of the most important gifts to the Palm Beach State Foundation have been planned years in advance and contributed posthumously. Some key donors choose to make the Foundation a beneficiary in their will. Others establish special trusts that offer considerable tax advantages while the donor is still living.

When you choose to make a contribution, the Foundation works with you to ensure your wishes are fulfilled. There are several types of planned giving programs:

  • Simple bequests - You name the Palm Beach State College Foundation as a beneficiary in your will.

  • Charitable Gift Annuities - This is a contract between you and the Palm Beach State Foundation. You make one-time irrevocable gift of cash or securities and the Foundation agrees to pay you a designated amount of income.

  • Real Estate - You can donate property.
  • Lead Trust

There are several different ways you can use Planned Giving to support Palm Beach State College while also meeting your needs and achieving maximum charitable tax deductions. Visit the Palm Beach State College Planned Giving website for more information.


For more information contact Rochelle Nolan, Director of Gift Planning, at (561) 868-3570.

For more information, contact The Foundation Office at (561) 868-3450.

Print page