There are various ways of giving to Lees-McRae College.  Most gifts to the College are in the form of cash, clearly the most convenient way of giving.  Credit card gifts (Visa, MasterCard, Discover or American Express) are also acceptable and we encourage you to use our easy online giving service. Such gifts are tax-deductible for income tax purposes to the full extend allowed by law.  All gifts are vital to the College in support of the Lees-McRae Fund, scholarships, endowment and capital needs.

You may also wish to consider one of the following mutually beneficial ways of supporting Lees-McRae:

Securities—If you own securities that have appreciated in value, you are subject to taxation rules when they are sold.  By making a gift of these appreciated securities to the College, you avoid capital gains taxes and receive a charitable deduction.  Thus, the actual cost to you is often far less than the value of your gift.

Real Estate—You may make a gift of your residence or other real estate to the College.  As with gifts of appreciated securities, you avoid capital gains taxes and receive a charitable deduction.

Life Insurance—If you own a fully-paid life insurance policy, you may wish to donate it to Lees-McRae.  You will receive a charitable deduction based on the present value of the policy (an amount close to the cash value).  You may also name Lees-McRae to be the beneficiary of any life insurance policy that you own.  Although you will not receive a charitable deduction, you will have the satisfaction of knowing that future students will benefit from your gift. Additionally, gifts of life insurance can be established whereby the donor pays the annual premium, which are fully tax deductible, and the College is named as the owner and beneficiary of that policy.

Bequests—A bequest to Lees-McRae is a gift that involves no immediate loss of capital or income.  Both large and small bequests enable the College to provide a quality  education to tomorrow’s leaders.  There are several different types of bequests, and we would be happy to discuss various options with you and your attorney.   Your estate will receive a charitable deduction, and the tax savings can reduce the ultimate cost to your heirs.

Trusts—Many people believe that trusts are for the wealthy.  While trusts can be very beneficial to the wealthy, often those with limited assets establish trusts to preserve their capital and increase the earnings derived from it.  You may establish a trust that will permit you to make a gift to Lees-McRae (and receive a charitable deduction), while increasing your income.  We would be happy to discuss with you and your attorney the various types of trusts.

As you can see, there are many ways of giving.  Rest assured that no matter which method you select, you will have the personal satisfaction of knowing that you are strengthening Lees-McRae College and benefiting young men and women for generations to come.

For further information regarding any of the above giving opportunities, please contact  Leslie Carter, Senior Director of Advancement, at (828) 898-2492 or carterlj@lmc.edu; or Michelle Scott, Director of the Lees-McRae Fund, at (828) 898-2489 or scottmv@lmc.edu. 

All inquiries are held in strictest confidence.