Giving to NSCC
When you give to students through the North Shore Community Foundation, you make a very significant difference. Not only do you provide excellent education and training opportunities to area residents of all ages, you also help provide our region with the skilled workforce so critical to strengthening our state’s economy and well being.
NSCC students come from many walks of life. They are recent high school graduates who earn credits for careers, transfer to four-year colleges, or both; they are recent immigrants who improve English and work skills; and they are adults who change or upgrade careers. However, the majority of NSCC graduates, no matter their background, continue to live and work in our region. And that makes your gift doubly significant. NSCC Foundation donors help make a quality education at NSCC possible for many students who, in turn, also make a significant difference in strengthening our region. Your gift will keep on giving.
The NSCC Foundation go -->
The NSCC Foundation is a charitable corporation that solicits, receives and maintains funds of real or personal property to use exclusively for charitable, scientific, literary or educational purposes at NSCC. The principle purpose of the Foundation is to promote, improve and maintain the educational activities and other related activities of the College.
Types of Gifts
Endowment Gifts
Gifts to general and restricted endowment provide valuable annual income, allowing the NSCC Foundation to respond to special needs and opportunities.
Unrestricted gifts help meet the challenge of new and emerging priorities. Restricted gifts can create or support a program reflecting specific interests.
Educational Assistance
By contributing to the NSCC Foundation Scholarship Program, NSCC students are guaranteed access to high quality education for the future. NSCC Foundation scholarship awards are based on:
- academic merit
- community and college service
- demonstrated financial need, according to donor designations
Gifts for Instructional Facilities
A competitive economy has created a demand for highly skilled employees in areas ranging from information technology and business to health care and public service.
Gifts of high-tech equipment, laboratories, and instructional facilities from individuals, corporations, and businesses can assure a trained workforce by providing are essential to maintaining academic excellence.
How to Make a Gift
Gifts may be made:
- in cash or through pledges
- in real or personal property
- in appreciated stocks and bonds
- by donations or bequests.
Contributions may be pledged over a period of time, designated by individual schedules and commitments. Pledges can be paid on an annual or continuing basis.
Planned Giving
Donors may elect to support North Shore Community College through a charitable bequest which creates a living legacy to the College as well as provides personal estate tax benefits. Unrestricted bequests designate an outright or specific amount or percentage of an estate for the general purposes of the College. Gifts for a specific need and residuary gifts may also be made through an individual will. Additionally, trust agreements, gifts of appreciated stock and real estate may provide financial advantages to both the donor and the College.
North Shore Community College may also be named as partial or final beneficiary of group or individual life insurance, profit sharing or retirement plans, or other qualified 401(k) or IRA pension plans. Gifts of insurance may provide both income tax and estate tax savings to individual donors.
Memorial gifts may be directed to North Shore Community College by family recommendations at the time of death. Appropriate tributes may establish a scholarship, endow a faculty chair, augment the Library collection, or expand other educational programs at the College.
How to Establish a Scholarship
Providing scholarship assistance for students at North Shore Community College is a significant part of the NSCC Foundation's mission. As financial admission to higher education becomes increasingly difficult and the costs of child care, text books, transportation, and expenses get higher, it becomes more important than ever to guarantee economic access to NSCC students.
- An endowed scholarship is established with a minimum principal gift of $15,000, which may be contributed over a period of years.
- The gift amount is invested by the NSCC Foundation and interest earned on the fund is awarded as a scholarship. A full two-semester scholarship is a $1,200 consisting of two $600 per semester awards.
- Other scholarships may be established that are funded on an annual basis. Donors agree to contribute a specific amount each year to be awarded as a scholarship.
- In addition, one-time scholarship gifts may be made at any time, to be distributed as awards until the fund is depleted. Donors may designate program and/or geographic qualifications for the awards.
Named scholarships are listed in NSCC publications which are distributed throughout the North Shore area high schools and other locations. Donors are recognized for their important contribution to the NSCC Foundation.
If you are interested in adding to an existing fund or establishing a new scholarship fund, call the NSCC Development Office at (978) 762-4000 x5502.
For more information, please contact us at (978) 762-4000 x5502 or development@northshore.edu. |
