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Planned Giving for Tomorrow

Your legacy, their future

By supporting the GRCC Foundation, you can establish your legacy and continue to give students opportunities for their future.

We are here to coordinate with you and your professional advisors to create a lasting impact for our students in the way most advantageous to you.

Planned giving opportunities

IRA Charitable Rollover

If you're 70.5 years or older, you can make a difference now by giving up to $100,000 with an IRA charitable rollover.

This is ideal for many supporters who need to satisfy their annual required minimum distribution. Consult with your professional advisors to ensure that your transfer qualifies.

Retirement Assets

Retirement plan assets support GRCC students and provide tax relief for your loved ones.

Donate a part or all of your unused assets; for example:

  • An IRA
  • 401(k)
  • 403(b)
  • Pension
  • Other tax-deferred plans

Students will benefit from the full value of your gift because retirement assets are not taxed at time of death. You will benefit from an estate tax charitable deduction for the gift.

To name the GRCC Foundation as a beneficiary, update your beneficiary designation form through your plan administrator. Options for designation include:

  • Primary beneficiary: GRCC Foundation will receive a percentage or specific amount.
  • Contingency beneficiary: GRCC Foundation will receive the balance of your plan if your primary beneficiary doesn't survive you.

Life Insurance

Making a gift of life insurance can be a simple, impactful way to support the college and our students.

You can designate the GRCC Foundation as the full, partial or contingent beneficiary of your life insurance policy, while still retaining ownership. 

To make a gift of life insurance, contact your insurance provider to update your beneficiary designation form.


A charitable bequest is one of the easiest, most flexible ways you can leave a gift to the GRCC Foundation. With your professional advisors, you can add language to your will or trust, specifying that a gift be made to the GRCC Foundation.

Gift options include a:

  • Percentage bequest — a percentage of your estate.
  • Specific bequest — a dollar amount or specific asset.
  • Residuary bequest — from the balance or residue of your estate.