Community Investors are those who wish the Potomac Highlands to
prosper, where our families grow and live healthfully, our citizens
work, create and learn successfully, and our businesses and
enterprises thrive. You may wish to invest in the community's future
by supporting the Eastern Foundation. Donations support the College's
students, programs, activities and initiatives, including lifelong
learning, cultural activities and regional economic development.
Donors may choose from a variety of ways to support Eastern West
Virginia Community and Technical College through volunteering time
and talents, providing an in-kind gift, and making a financial
contribution to the Foundation. To discuss volunteering your time or
talents or to provide an in-kind gift, please contact the Foundation
Office at foundation@easternwv.edu
or 304-434-8000. To provide a financial gift please review our list
of funds below and use our secure PayPal account (processing fees are
deducted from your donation amount) or mail a check payable to EWVCTC
Foundation at 316 Eastern Drive, Moorefield, WV 26836.
Giving FAQs
Why does Eastern need private support?Many people have the misconception that
community and technical colleges are completely funded by the state.
Eastern is a state-assisted, not state-supported institution. In
FY20, the State of West Virginia provided just 42% percent of
Eastern's annual budget, shifting the burden to students who can
often least afford a college education.
What are my options for giving?The Eastern West Virginia Community and Technical
College Foundation receives gifts from individuals, corporations,
and foundations. These gifts may be cash given through an annual
gift or pledge. Other methods of giving include stock, personal
property, and real estate. Charitable trusts, gift annuities,
bequests and provisions, and paid up life insurance policies are
examples of deferred gifts.What is an
endowment?An endowment is an
account where the interest earned from the principal provides a
permanent source of funds for a particular purpose at the College.
Interest may support a scholarship, faculty professional
development, equipment purchases or special projects. Because an
endowment's principal is never spent, endowed funds create financial
stability which allows Eastern to be less dependent on unpredictable
sources of revenue, such as government support or grants. Eastern's
endowment funds are professionally invested and managed by the
Foundation.May I designate how my
gift will be used?Yes! You may
designate your gift to support departments, programs, projects, or
you may choose to establish a scholarship fund to support specific
types of students. You may also opt to leave your gift unrestricted,
which means support will be given to the areas of greatest need.What is the difference between
unrestricted and restricted gifts?Unrestricted
gifts provide funds to Eastern that are not restricted to specific
program uses. These gifts provide resources for scholarships,
incentive grants, faculty and staff professional development, and
special projects. Restricted gifts may only be used for the specific
purpose set by the donor or the endowed fund. Examples of restricted
gifts are endowed scholarships, endowed program funds or capital
improvements funds. Eastern welcomes both restricted and
unrestricted gifts. Unrestricted gifts are especially important and
will provide flexibility to support areas of greatest need.Are all gifts tax deductible?Gifts to the Eastern West Virginia Community and
Technical College Foundation are fully tax deductible to the extent
allowed by law. Consult with your tax attorney or financial adviser
for more information.Can I
receive a tax deduction for equipment or supplies donated to
Eastern?Yes, the Foundation will
provide the College department or division you wish to make the
in-kind donation to an Educational Foundation In-Kind Donation Form
to be completed by the donor. For IRS purposes, the value of the
donation must be set by the donor. The Foundation and the College
may not offer values for in-kind donations.What are the potential tax and income benefits
of giving to the Foundation?Donors
to the Foundation may benefit from:
Income savings through a charitable deduction for the value of
the gift based on the donor's tax rate.
Avoidance of capital gains tax on gifts of appreciated
securities and /or property.
Life income for themselves and/or others through planned gifts.
Elimination of federal estate tax on the value of a gift
passing to the Educational Foundation under a will or revocable
trust.
Please note that these benefits apply in specific ways and may
not be applicable to all gifts. Consult your attorney or financial
advisor for more information.
How is the Foundation governed?The Educational Foundation is governed by a
board of directors that supports the college's educational
initiatives through annual and capital programs.What is the Foundation's fiscal year?The Foundation's fiscal year is July 1st through
June 30th.
Please select which area you would like to make a difference
We would like to thank our community scholarship
donors who support our students in their educational endeavor.
"Knowledge is power. Information is liberating.
Education is the premise of progress, in every society, in every
family." Kofi Annan
