Make a Gift

Make a Difference Today

Making a charitable gift to Hawkeye Community College is an important and very personal decision. The following information may be helpful as you consider the various ways to support Hawkeye and to benefit from the tax advantages associated with certain types of charitable gifts.

For all your options and the tax effect for you, please consult your tax advisor.

Gifts of Cash

Your actual “cost” may be less than the dollar amount of the gift if you itemize deductions on your tax return. You can deduct up to 50 percent of your adjusted gross income in the year you make a contribution. Any excess contributions above this percentage may be deducted over a five-year period.

Please complete the Contribution Form [pdf] if you wish to give a gift of cash.

Matching Gifts

Matching gifts can double the impact of your gift! Many employers sponsor matching gift programs and will match charitable contributions made by their employees. Some companies also match gifts made by spouses and/or retirees. In many cases, all you need to do is complete a form furnished by your employer and forward it to Hawkeye Community College Foundation office. Check with your employer’s human resources office for more information.

Stock and Bonds

Gifts of appreciated stock held for more than one year require no capital gains on the transaction. If you itemize deductions on your taxes, you would be entitled to a charitable deduction for the full fair market value of the stock. Your income tax deduction is limited to 30 percent of your adjusted gross income. Any excess can be carried forward for five additional years.

If you have stock losses, generally you should not contribute the stock. Sell the stock yourself to realize the loss for tax purposes, then contribute the cash and take a charitable deduction.

Real Estate

First, you avoid paying capital gains on the transaction; second, in most cases you receive a deduction based on the fair market value of the property; and third, you remove the asset from your taxable estate.

These gifts may be more advantageous than out-right cash gifts because you can make a larger gift at less cost, assuming you own the property that has increased in value and it has been held long enough to qualify as long-term property.

If you have property that has decreased in value, you should consider selling the property first and then contributing the proceeds to the Hawkeye Foundation. This allows you to receive the deduction for both the capital loss and the charitable gift.

Foundation

Hawkeye Center
Upper Level
319-296-4002
319-296-2874 (F)
Email us

Mailing Address

Foundation
Hawkeye Community College
1501 East Orange Road
P.O. Box 8015
Waterloo, IA 50704-8015

Executive Assistant &
Scholarship Coordinator

Jenny Hoover
319-296-4002
Email me

Executive Director

Holly Johnson
319-296-4283
Email me

Associate Director

Karen Gebel
319-296-4049
Email me

Accountant

Debra Lilly
319-296-4048
Email me