Support a Student or Program
Interested in supporting students seeking higher education?
We encourage you to consider establishing a scholarship through ÃÛÌÒ´«Ã½ Foundation (ÃÛÌÒ´«Ã½F). Scholarships afford students the opportunity to continue or enhance their education by providing financial support for tuition, fees, books, and other related expenses.
If you are interested in supporting a particular program, you can provide funding directly to a program of your choice. For example, if you want to support the culinary program, your donation can fund needs for the classroom and/or Café 101 that falls outside of the normal college budget.
Please note: Due to IRS guidelines, scholarship accounts may not be established to make tuition payments and/or provide for inappropriate personal financial gain for a related party or a family member of the donor.
Things to Consider When Starting a Scholarship
Amount of Award. Tuition and books cost approximately $1,500 per semester for full-time student.
Campus Specification. Does the student have to attend a particular campus?
Credit Hours. Does the student have to be enrolled in a certain amount of credit hours?
Degree Sought. Does the student have to pursue a particular degree such an Associate’s, Bachelor’s or be in a Certificate Program?
I am grateful for being a recipient of this award. With this scholarship, I can be able to pay for the tests involved with getting into nursing school and other educational needs.
Planned Giving
About Bequests
An excellent way for you to support ÃÛÌÒ´«Ã½ Foundation's (ÃÛÌÒ´«Ã½F) mission
is to leave us a bequest in your will, living trust or with a codicil. This allows
you to leave a legacy for you/your family.
A bequest is generally a revocable gift, which means it can be changed or modified
at any time. Bequests are exempt from federal estate taxes so if you have a taxable
estate, the estate tax charitable deduction may offset or eliminate estate taxes,
resulting in a larger inheritance for your heirs.
To make a bequest, we recommend that you speak with your attorney as he/she can help you include a bequest to ÃÛÌÒ´«Ã½F in your estate plan. However, we have provided some basic bequest language below to assist you and your attorney.
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Specific Bequest A specific bequest involves making a gift of a specific dollar amount or a specific asset such as real estate or other property. For example, you may wish to leave your home or $10,000 to ÃÛÌÒ´«Ã½ Foundation.
Suggested Language
I hereby give, devise, and bequeath (ITEM NAME) ($ DOLLARS) to ÃÛÌÒ´«Ã½ Foundation (ÃÛÌÒ´«Ã½F), a nonprofit organization located at 1200 W. International Speedway Blvd., Daytona Beach, FL 32114; Federal Tax ID #59-1581805, for ÃÛÌÒ´«Ã½F general use and purpose.
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Percentage Bequest Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Daytona State College Foundation.
Suggested Language
I hereby give, devise, and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to ÃÛÌÒ´«Ã½ Foundation (ÃÛÌÒ´«Ã½F), a nonprofit organization located at 1200 W. International Speedway Blvd., Daytona Beach, FL 32114; Federal Tax ID #59-1581805, for ÃÛÌÒ´«Ã½F general use and purpose.
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Residual Bequest A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to ÃÛÌÒ´«Ã½ Foundation.
Suggested Language
I hereby give, devise, and bequeath to ÃÛÌÒ´«Ã½ Foundation (ÃÛÌÒ´«Ã½F), a nonprofit organization located at 1200 W. International Speedway Blvd., Daytona Beach, FL 32114; Federal Tax ID #59-1581805, (ALL OR A PERCENTAGE) of the rest, residue, and remainder of my estate to be used for ÃÛÌÒ´«Ã½F general use and purpose.
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Contingent Bequest A contingent bequest is made to a charity only if the purpose of the primary bequest cannot be met. For example, you could leave a specific bequest from your estate to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the specific bequest will then go to ÃÛÌÒ´«Ã½ Foundation.
Suggested Language
If (primary beneficiary) does not survive me, then I hereby give, devise, and bequeath to ÃÛÌÒ´«Ã½ Foundation (ÃÛÌÒ´«Ã½F), a nonprofit organization located at 1200 W. International Speedway Blvd., Daytona Beach, FL 32114; Federal Tax ID #59-1581805, (DESCRIPTION OF PROPERTY) (HIS/HER PORTION) to be used for ÃÛÌÒ´«Ã½F general use and purpose.
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Restricted Bequests If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, such as to contribute to an existing scholarship, to establish a new scholarship or endowment or to support a particular program, etc. language can be created to accomplish your goals.
If you choose to make a restricted bequest, we recommend that your attorney include the following provision to give ÃÛÌÒ´«Ã½ Foundation (ÃÛÌÒ´«Ã½F) flexibility should it no longer be possible for ÃÛÌÒ´«Ã½F to use your gift as you originally intended:
If, in the judgment of the Board of Directors of ÃÛÌÒ´«Ã½ Foundation (ÃÛÌÒ´«Ã½F), it shall become impossible for ÃÛÌÒ´«Ã½F to accomplish the specific purposes of this bequest, ÃÛÌÒ´«Ã½F may use the gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
