Gifts & Donations

Part or all of an individual's estate may be left to the Foundation through a last will and testament. Both Federal and North Carolina law allow a charitable deduction in computing estate and inheritance tax liability.

Scholarships are often made in honor or memory of individuals, to support specific program areas from GED completion to award of degrees. Foundation scholarships are awarded based on financial need, area of study, academic standing or organizational affiliations.

All students are encouraged to apply for scholarships on-line, or through the Surry Community College Financial Aid office.

Funds are always needed to supplement student expense for tuition, textbooks, supplies, and program specific costs.

Cash contributions are the most popular way of supporting the Foundation.

Many individuals, clubs and organizations contribute in recognition of a person they wish to honor. Scholarships may be established in the name of the honoree.

Life insurance policies or dividends paid on policies make practical gifts to the Foundation. A life insurance policy may be taken in the name of or transferred to the Foundation as beneficiary. Also, premiums paid for the policy are often tax deductible.

Property, real estate, or securities may be earmarked for the Foundation, with the donor retaining the privilege of using these resources for the duration of his or her life. In some instances tax advantages may be enjoyed each year through the life of the agreement.

IRA accounts offer ordinary tax-free savings opportunities and also a practical means of supporting the Foundation. The Foundation may be designated as a final beneficiary to receive any funds remaining after an individual or beneficiaries no longer need them. This plan can be created at the time an IRA is established, or in the case of an existing IRA, the Foundation can be added as beneficiary.

Respecting the wishes of deceased loved ones, families often request that memorials be made to the Foundation. Unlike many other gestures of sympathy, a memorial gift to the Foundation serves others.

For some donors, a contribution of securities which have increased in value may have a special tax advantage.

Surry Community College has two opportunities for permanently honoring or memorializing individuals with a charitable donation – the Knights Athletics Wall of Honor and the SCC Foundation Wall of Honor. You can purchase an engraved brick for a $100 donation to recognize SCC employees, students, graduates, and athletes. This opportunity is also available to honor, memorialize or recognize any individuals or businesses in the general public. Your engraved message is three lines of 14 characters including spacing and punctuation. The Walls of Honor are located on the SCC Dobson campus. The Knights Athletics Wall of Honor is outside the P-Building where the gymnasium is located. The SCC Foundation Wall of Honor is erected in front of the Sells Building/J-Building along Comer Boulevard. You may purchase as many bricks as you would like. The proceeds support student scholarships and student emergency needs.