The Stark State College Foundation Mission
The Stark State College Foundation seeks, receives and distributes funds, equipment, property and other contributions for the benefit of the students and programs of Stark State College.
The Stark State College Foundation is committed to providing resources to help Stark State College accomplish its mission of providing accessible, quality associate degrees, certificates, training and lifelong education in a diverse and supportive learning environment.
The Stark State College Foundation exists to bridge the gap between the needs and resources of Stark State College. The non-profit, 501(c)3 tax exempt corporation was established in 1986 to raise funds to provide assistance to Stark State students who would like to enhance their lives through education and training. The Foundation supports the College in areas that are not supported by taxes, tuition or grants. The Foundation has more than $5 million in assets. Over the past 17 years, the Stark State College Foundation has given nearly $2 million in scholarship funds to more than 7,000 students. During the Fall 2013/Spring 2014 academic year, the Foundation funded over $400,000 in student scholarships, College projects and instructional resources.
Stark State Foundation Board of Directors
As a 501(c)3 organization, the Stark State Foundation is managed by a board of directors comprised of business and community leaders who oversee the Foundation’s fund-raising and investment management to ensure that donors’ interests are always met. They work closely with the College President and Executive Director of Advancement and Stark State College Foundation to provide the resources that the College needs to accomplish its mission and serve students. Members of the Foundation Board are listed here.
Changing Lives. Building Futures.
All contributions to the Stark State College Foundation go directly to support student needs. In reaching out to meet the varied needs of our student population, the Stark State College Foundation encourages charitable giving by the private sector. Individuals, corporations, foundations and service organizations that choose to invest in the Foundation have a number of giving options:
- Provide funds for scholarships that can be named in recognition of a business, foundation or individual
- Establish a memorial gift to honor the memory of a friend or loved one
- Donate special equipment to enhance student education in a particular degree program
- Name Stark State as a beneficiary in a will, trust, insurance policy or annuity
Stark State is state-assisted rather than state-supported. Less than one half of the operating budget is provided by state appropriations. State support is critically important, but it continues to decline as a percentage of the total operating budget.
Ways You Can Help the Foundation
Endowed scholarships are lasting tributes and an excellent tool that allows a donor to make a permanent charitable gift in perpetuity.
- An endowed scholarship can be established with a minimum of $5,000, in your name, in recognition of a loved one or from multiple donors as a permanent charitable fund.
- The distribution level from endowment assets is critical to the long-term preservation and enhancement of real endowment value. Prudent, professional management ensures your philanthropic goals are met annually.
- Scholarship awards help students to complete their educational goals and become productive citizens. You can customize scholarship criteria to reflect your areas of interest.
Annual Scholarship Funds
Annual scholarships can be established with a signed commitment designating an annual contribution. Non-endowed gifts can also be set up as special Project Accounts.
Unrestricted gifts cover a variety of needs, including scholarships, faculty and staff development, and general operating funds not covered through the College’s budget process.
Planned Giving Opportunities
Planned giving provides donors with the immense personal satisfaction of making a substantial contribution toward the future of Stark State College, while providing financial and tax benefits. From the donor’s financial and estate planning perspective, a planned or “deferred” gift is often the right gift or the best gift to make, with a number of benefits:
- Perpetuate one’s beliefs and values;
- Direct the disposition of one’s assets for charitable purposes and avoid unnecessary taxes;
- Support the mission of the College in tangible and meaningful ways; and
- Leave a legacy that will benefit the entire community, because of Stark State’s vital role in community economic development.
There are a number of planned giving opportunities to consider, including:
- Bequests – Provide for Stark State College in your will.
- Major planned gifts – Give appreciated assets as part of a succession and/or estate plan. Paid-up life insurance policies, stocks and bonds may be gifted.
- Life-income gifts – Participate in a charitable trust agreement or other gift arrangement that can provide current income to you.
- Other gifts – Name the Stark State Foundation as beneficiary of Qualified Retirement Plans or IRAs or as beneficiary of a checking or savings plan.
If an obituary directs contributions to the charity of your choice, you can:
- Write a check for any amount payable to the Stark State College Foundation.
- Let us know whom you wish to memorialize. When we receive the check, we will send a thank you letter with tax deduction information and notify the family that a gift was made by you in memory of the deceased.
Stark State College needs and seeks the support of the community in order to continue helping students to achieve their educational goals and become productive members of our community.