Why and How to Give

Why Give

Without the support of the community, Wor-Wic cannot keep pace with the demands created by a growing student population, technological needs and escalating costs. Government support of Wor-Wic's mission can never fully address the needs of our students and community. Nor can we expect our students, most of whom qualify for financial aid, to shoulder the entire burden. With community support, we can maintain our commitment to keeping our tuition affordable, which allows us to be a truly open admissions college.

How to Give

There are many ways you can make a difference in a student's life and participate in the continued growth of the college. The simplest way of making a gift is by a personal check made payable to the Wor-Wic Foundation and mailed to the:

Foundation Office
Wor-Wic Community College
32000 Campus Drive
Salisbury, MD 21804

Gifts can be restricted for a specific use or unrestricted and used to meet the needs of the college that are considered greatest at the time. Gifts to the foundation's general fund are especially helpful since they are the least restrictive. The foundation also welcomes gifts to its endowments since the principal remains intact and only the interest is used for the intended purposes of the fund. The foundation also accepts commemorative gifts and a variety of planned gifts.

For more information about making a gift to the foundation, call us at (410) 334-2808 or send an email to foundation@worwic.edu.

General Fund

Unrestricted gifts provide operating funds for the college foundation. If you'd like your gift to have maximum flexibility and versatility in its use, consider a gift to the general fund. Gifts to the general fund make it possible for the foundation to help the college address special needs as they arise.

Endowments

An endowment is a collection of assets invested, in this case, to support our mission in perpetuity. The principal remains intact and only the interest is used for the intended purposes of the fund. The foundation welcomes new gifts to the following existing endowments:

General Endowment

Interest income from this fund can provide financial assistance to deserving students, launch new programs and provide for needed ongoing professional development. By giving to our general endowment, you can have a long-term impact on the programs and services offered to our students.

Nursing Endowment

Our nursing endowment is identical to the general endowment fund, with the exception that the interest income is used to benefit our nursing department.

Technology Endowment

A technology endowment fund was recently created to help the college maintain state-of-the-art equipment, to ensure that students obtain hands-on experience with the actual equipment they'll be using when they enter the world of work.

Commemorative Gifts

A gift to benefit the students of Wor-Wic Community College is a great way to honor or pay tribute to a friend or family member. Such gifts are acknowledged both to the donor and the appropriate third party. An educational institution like Wor-Wic is focused on the future, helping people learn the skills they need to enjoy a better life. By helping to improve the future, we are honoring the contributions made by others whose work has come before ours.

Planned Gifts

The Wor-Wic Community College Foundation is a leadership partner in local efforts to promote the Leave A Legacy concept. Our foundation accepts various types of planned gifts. Your attorney and/or accountant can help you determine the best way to make a planned gift.

Stock

Wor-Wic accepts gifts of stock, which are acknowledged at the full fair market value at the time of the gift. Such gifts could yield a tax advantage to the donor.

Bequests

Bequests are exempt from Maryland's inheritance tax. Outright bequests can be made to the foundation and the entire amount can be deducted from the gross estate before taxes.

Life Insurance

Your insurance policy can name the Wor-Wic Community College Foundation as beneficiary. This method of giving allows you to benefit from your assets during your lifetime. The cash value of donated policies, as well as any premiums paid after the transfer of the policy to the foundation, can be deducted from your income tax as a contribution.

Qualified Charitable Trusts

Annuity trusts and unitrusts also provide tax advantages. You can transfer money or securities to a trust fund, which will pay income to a designated person for life or a certain period of time. When the individual benefits terminate, the property passes to the foundation. Such a trust can be established during your lifetime or through your will.

Retirement Plans

An individual retirement account (IRA) offers tax-free savings opportunities. The foundation can be designated as final beneficiary of the account to receive any funds remaining after you and your beneficiaries no longer need them. The same opportunity to give is presented by most pension and profit-sharing plans, as well as Keogh plans.