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Donations through the Central Lakes College Foundation are accepted in the following ways: Types of Funds: 1. Permanently Restricted (Endowment) - Donations for an endowed fund are accepted as a permanent donation, which means the money is invested and the earnings are awarded each year in the form of a scholarship. An amount of $10,000 is preferred for an endowed fund; however, the Foundation would allow the group or individual to reach that dollar amount within a 5-year time period. 2. Temporarily Restricted - Donations for a temp restricted fund are accepted and are awarded in the same year that they are received. No interested is earned on these accounts. Any dollar amount is acceptable for this type of fund. 3. Unrestricted Donations - The Foundation also accepts unrestricted donations. These dollars assist the Foundation with operating costs and also assist with sponsorship of annual events. Any dollar amount is acceptable. Types of Giving: A gift to the CLC Foundation not only demonstrates your belief in our mission but also reinforces your commitment to making a difference in the world. Many types of gifts allow you to fulfill your charitable intentions and may result in immediate and possible future benefits for you and your family. 1. Gifts of Cash 2. Gifts of Securities (i.e. stocks, securities, bonds) 3. Gifts of Life Insurance 4. Gifts of Real Estate 5. Life Income Gifts (i.e. charitable remainder trusts) For more information about giving to the CLC Foundation, please call (218) 855-8129. Donations can now be accepted with either Visa/MasterCard. "WE MAKE A LIVING BY WHAT WE GET. WE MAKE A LIFE BY WHAT WE GIVE."
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