• English
    • Español
Menu

Ways to Give

Are you considering making a donation to James Sprunt Community College? Would you like to honor a past loved one? Creating a scholarship in their name is a wonderful way to honor them.

Ways to Give

Many people who support the James Sprunt Foundation’s mission say they derive great satisfaction from their generosity and would like to do more. We can suggest creative ways to support the college and its students in ways that you might not have considered.  The JSCC Foundation may receive gifts of cash, securities, deferred gifts, property, equipment, in-kind gifts, and materials.  These gifts are used to provide funds for scholarships, educational activities, and educational materials that can assist the students and/or enhance the services of James Sprunt Community College.

Contributions can be mailed or dropped off at:

James Sprunt Foundation, Inc.
Foundation Coordinator
PO Box 398
133 James Sprunt Drive
Kenansville, NC 28349

Annual Fund

Friends of the college are invited each year to support the Foundation’s annual fund drive.  Contributions may be made at any time during the year.  Contributions can be designated to programs or scholarships, or they may simply be designated to support the educational activities of the college.  The Foundation Board carefully uses general non-designated contributions to provide extra support to current and planned programs and to support innovative projects.   All JSCC alumni, employees, trustees, foundation board, and community residents are encouraged to participate.  For more information, contact Donna Springfield, Foundation Coordinator at 910-296-6166 or by email at dspringfield@jamessprunt.edu.

Gifts of Cash

Cash gifts are the most common form of giving and are as easy to make as writing a check to the James Sprunt College Foundation. Your gift to the JSCC Foundation is tax deductible to the extent of the law. Many states allow state tax charitable deductions that can make your gifts even more economical. You can also establish a multi-year pledge to extend the impact of your gift.

Increase Your Gift Through the Matching Gift Program

You can double or triple your gift through a matching gift program. To make a matching gift, talk with your company’s human resources or community relations department.

Gifts of Securities and Stock

The JSCC Foundation is pleased to receive gifts of stocks, bonds, securities and real estate.  Staff members will be happy to assist you and if needed, professional financial, legal, or real estate advisors to develop plans for your gifts.

By donating securities held (more than one year), you may avoid capital gains tax on the appreciation and receive a charitable deduction for the full market share of your donation. Stocks can be transferred to the JSCC Foundation’s account electronically or by mail.

Gifts of Property

By donating gifts of property, you may avoid capital gains tax on your profit and you may receive an income tax charitable deduction for the full market value of the property.

Establish a Fund

Endowments can be established to support programs, services, or scholarships.  The executive director of the JSCC Foundation will assist you in developing an endowment fund.  See JSCC scholarships for more information about endowed scholarships.

Legacy and Planned Giving

The JSCC Foundation is pleased to discuss your planned giving options and to work with appropriate professionals to assist you with developing a planned gift.

Estate Gifts

An estate gift is made after the donor’s passing, such as through a will, externally-managed trusts, retirement funds or proceeds from a life insurance policy. Estate gifts are part of planned giving, which means the donor planned to give the gift while still living.

Naming Opportunities

During the next several years, there will be a number of new construction projects happening on the James Sprunt Community College Campus.  You can memorialize your loved one by having a classroom, lab or auditorium named in their honor.

There are also a number of corporate naming opportunities as well.

Corporate Giving

Corporate gifts of annual fund contributions, one-time contributions, facility naming contributions, matching contribution programs, scholarship funds, and event sponsorships support the mission of the foundation to develop partnerships that support the college and its students’ success.  Corporations’ volunteers also support the foundation’s events and special educational activities.

How to Establish a JSCC Scholarship

One of the JSCC Foundation’s most successful recent efforts has been to develop endowed scholarships to provide perpetual financial assistance to James Sprunt Community College’s students.

The establishment of a perpetual restricted fund creates the endowed scholarship.  The corpus of this fund is invested, and normally only the interest from these investments is used to provide the scholarships to deserving students.  The JSCC Foundation follows North Carolina’s UPMIFA regulations/guidelines.

The JSCC Foundation recommends starting an endowed scholarship with a minimum of $10,000, but $20,000 is recommended due to the increasing costs of tuition and fees. Endowed scholarship can be established with contributions or through estate gifts.  The JSCC Foundation’s Executive Director and staff will work with individuals or their attorneys, financial planners, and CPAs to develop endowment agreements.  The starting amount of the endowment depends on the desired size of the scholarship awarded each semester or year.

The JSCC Foundation also provides a “Build an Endowment” program that allows donors to contribute over a designated time to build an endowment. This program often works well for developing memorial endowments or endowments that are supported by an event, a group of people, or an organization.   With this option, the scholarship is not awarded from the endowment fund until the endowment corpus reaches a pre-determined total.  With the “Build an Endowment” program, donors may choose to also award an annual scholarship (with an annual contribution) at any amount over $200, until their endowment fund matures.  This allows the scholarship award to get started to assist students immediately, and to get the scholarship publicized to generate further support to reach the endowment goal.

All JSCC Foundation mature endowed scholarships are awarded as follows unless specified in the endowment agreement: up to 90% of the annual interest earned is made available to provide scholarships.  The remaining 10% of the annual interest earned is re-invested into the principal as a safeguard against corpus erosion due to inflation.  This approach guarantees the perpetuity of the scholarship. Annual reports of the funds and announcements of scholarship awards will be distributed to donor representatives of the endowment funds.

Once the endowment is established, it will not be cancelled.  Funds can be added to the endowed scholarship fund and an individual or organization can establish multiple endowments.

The JSCC Foundation’s Finance Committee oversees the investment management agreement with an investment management firm, and investment and spending policies. The JSCC Foundation Board follows NC UPMIFA guidelines for endowments.  The JSCC Foundation reserves the right to adjust endowment spending policies to meet current investment earnings.

If a scholarship or an endowment is developed and designated for a specific purpose, the JSCC Foundation reserves the right to re-purpose the use of the funds in the future, if needed for extenuating circumstances.  For example, if the fund is designated for a specific curriculum program that ceases to exist, the Foundation Board can re-purpose the fund to a similar use/or program at the college that closely matches the donor’s initial intended use.

Establishing Scholarship Guidelines

The Executive Director of the Foundation assists donors in the process of the establishment of endowments, develops the appropriate endowment agreement forms, and provides reports to donors of the endowment’s earnings and distributions.

Donors may designate specific programs and criteria including minimum or maximum grade point averages to be used as guides for the selection process.

 The JSCC Foundation deposits the funds for scholarships, and the Executive Director of the JSCC Foundation directs the administration of recruiting and screening scholarship applicants. The Executive Director of the JSCC Foundation works with the Foundation’s Scholarship Committee, faculty, staff, and occasionally donors to review scholarship applications and select scholarship recipients. The Executive Director authorizes the Financial Aid Office to disburse the scholarship funds into students’ JSCC accounts.

The Executive Director will assemble a committee to review the applications to choose the recipient depending upon the criteria. It is helpful if most scholarships can be awarded in the spring/summer to allow students an opportunity to prepare for fall admission. However, scholarships can be awarded at any time. The staff of the JSCC Foundation will take photos and write and submit articles to the newspaper and JSCC webpage to promote the scholarship award.

Establishing Named Scholarships That Are Not Endowed

The JSCC Foundation is pleased to assist donors in establishing named scholarships in recognition of an individual, corporation, or organization. The named scholarships should be established with a minimum contribution of $5,000 if it is a one-time contribution to be distributed over several years, or a minimum of $1,000 annual contribution for five or more years. Frequently, named scholarships have been developed that eventually grow and convert into endowed scholarships. The JSCC Foundation Executive Director and staff will assist the donor in developing guidelines for awarding the scholarship and appropriate publicity for the scholarship.

Program Scholarships That Are Not Endowed

The JSCC Foundation will be happy to assist donors who would like to establish temporary or long-term scholarships or general contributions in any amount to support students, faculty, staff, or an activity in a designated program, service, or organization at James Sprunt Community College.

Memorial Scholarships

The JSCC Foundation will establish a named memorial scholarship for any amount.  The Executive Director will work with the family and friends of the deceased to establish the scholarship, to promote it, and to award it.

Often, depending upon the number of memorial contributions received, families will request that the scholarship not be expended, but continue to grow until it can become an endowed scholarship. The Foundation sends acknowledgements to both the person who makes a memorial contribution and to a representative of the family of the person for whom the memorial fund is established.

The Executive Director will work with representatives of families, funeral homes, churches, and newspapers to provide appropriate information about memorial gifts in obituaries and funeral programs.

The JSCC Foundation’s federal tax identification number is:  23-7405675.

A designation can be made for a specific fun  All contributions to JSCC Foundation scholarships should be made to: James Sprunt Community College Foundation

Questions about JSCC Scholarships and the JSCC Foundation should be directed to:

Stan Turbeville
Vice President of College Advancement
sturbeville@jamessprunt.edu
910.275.6152

James Sprunt Foundation, Inc.
PO Box 398
133 James Sprunt Drive
Kenansville, NC 28349

CONTACT INFO

Donna Springfield
Foundation Coordinator
Phone:  910.275-6166
Email:  dspringfield@jamessprunt.edu