whether during the grantor’s life or
after his or her death—is another way
donors may benefit community colleges
without any additional investment.
In addition to the outright deeding
of property, a Retained Life Estate is
another effective method for providing
a significant gift.
The Retained Life Estate allows the
owner(s) to deed their property to the
community college during their life,
generally yielding a significant tax
benefit, while the owner retains the
right to live in the home, rent the
home to others, and make desired
for planned gifts from someone who
has not already given other indications
of interest in your institution is akin
to expecting marriage before dating.
Even if it happens, it’s likely to be a
Whichever planned-giving options
you choose, the key is to get started—
right now. Simply asking donors
whether they have considered leaving
something to the college might be all
it takes to begin a successful planned-
giving program that will benefit your
institution for years to come.
Al Penson is senior partner of the law
firm of Penson Duchemin & Davis, P.A.,
and Robin Johnston is vice president for
institutional advancement at Tallahassee
This type of gift is predicated upon a
condition, such as a gift of cash to an
individual. If the individual does not
survive the donor, then the gift would
go to the community college.
After the donor has made specific gifts
in the will, “all the rest and residue”
can be left to the community college
or shared by percentages among the
These trusts are established prior to
or upon the grantor’s demise. The
trust assets provide income to certain
beneficiaries for a period of time, and
the balance of the assets are then
distributed to the community college.
The income from the trust is donated
to the community college for a period
of time and, upon conclusion of
that time, is distributed to named
Your entering students are trying to tell you something.
Are you listening?
Don’t think that new donors are
just waiting to be asked for a planned
gift, however. Planned giving has a
clear place in the development cycle,
and it’s not at the beginning. Hoping
Student Engagement a CCCSE initiative SENSE Survey of Entering Community colleges are struggling to find ways to increase student persistence and graduation rates. Nationally, nearly 50% of entering students drop out before the second year.
The Survey of Entering Student Engagement
(SENSE) helps colleges understand students’
experiences in the critical first weeks of college.
We ask; they respond. You hear from your entering
students what they need.
SENSE 2010 Registration Deadline:
April 3, 2010