Types of Gifts
Thank you for considering a gift. Your investment on any level creates an impact. Gifts provide scholarships for COM students; gifts promote the work of our accomplished faculty; and gifts help COM start new, visionary programs and strengthen existing ones.
COM Foundation provides many ways to give that are meaningful, beneficial and meet your needs. However you choose to give, 100 percent of your investment benefits students, faculty and staff at COM.
Cash, often in the form of a check or credit card, is the simplest way to give. Cash gifts enable donors to claim a current tax deduction for the year they give the gift. Click here to give online with your credit card. To make a gift by mail, please click here.
COM Foundation also accepts single and multi-payment pledges. They are a convenient way to achieve your goals of supporting projects and programs over time. You may designate your gift to a specific program or leave it unrestricted so we may use it where the need is greatest. Pledges are not tax deductible until paid. To make a pledge, access the form here.
If you are a COM faculty or staff member, download and complete the Faculty and Staff Giving Form to make a gift or pledge via payroll deduction. This form allows you to designate where to use your gift. Send the completed form to COM Foundation, located in Appomattox Square, Suite 13.
Employee Giving Form (updated 12-12-2019)
Gifts in Kind (Personal Property)
Giving a gift of personal property is a great way to share something of value, receive tax benefits and achieve your philanthropic goals. Before making a gift of personal property, please consult with a COM Foundation staff member to confirm your gift can be used according to your wishes while also supporting the college’s mission. Click here to download the form.
Investments and Appreciated Securities
COM Foundation welcomes gifts of stocks and bonds. Giving stocks and bonds that have increased in value (and that you have owned for more than one year) provides even greater tax benefits for the donor (individual and corporations) than giving cash.
Not only is the full market value of the securities deductible (subject to applicable limitations), but you also avoid paying the capital gains tax on the appreciation.
Wills and Life Insurance Policies (Planned Gifts)
Planned gifts, such as wills and life insurance policies, offer a way to make a legacy gift to the college without affecting cash flow during your lifetime. Bequests may be in the form of cash, real estate or property. Additional planned giving options, such as charitable remainder trusts, retirement plans and life insurance policies, may offer significant savings for you and your family by minimizing estate and income taxes. We welcome the opportunity to work with you and your attorney, tax advisor or financial planner to achieve your goals.
Many companies match the charitable contributions their employees or retirees make – often doubling or even tripling the impact of your gift! Check with your company’s human resources department to find out if they offer a matching gifts program or check our noninclusive list of companies. The process is simple and worth the effort. Request the matching gift form and send to COM with your gift.
Real Estate Gifts
Gifts of real estate can be an excellent way to make a large gift to the college while enjoying significant tax benefits. Gifts of real estate are usually made as outright gifts or part gifts/part sales (also known as bargain sales), but they can also be made as the resource for a charitable remainder trust or retained life estates. COM Foundation accepts donations of these properties, among others: residence, vacation home, farm, commercial building and undeveloped land. Acceptance of real property is per review by COM Foundation in accordance with board-approved policy and procedures.