Foundation Information
Purpose | Types of Gifts | Gift Recognition Levels
Purpose
Our purpose is to support programs of the College by raising private gifts from alumni, friends, and corporations. Gifts are used for:
- Scholarships (See List of Scholarships)
- Faculty Professional Development
- College Departments
- Student Activities
- Community Outreach
- Current Operations
Your gifts to the Foundation are tax-deductible to the extent provided by law. The Foundation is a Kansas non-profit corporation and a 501(c)(3) non-profit organization as defined by the Internal Revenue Service.
Our financial records are in compliance with pronouncements of the Financial Accounting Standards Board (FASB). An annual audit of our finances is available for public inspection at the Foundation office, 200 S. 14th Street, Parsons, Kansas 67357, as are all required state and federal reports and filings.
Types of Gifts
Gifts with no stipulation as to purpose or use are unrestricted. You may restrict your gift for a designated purpose. A gift may be expendable - immediately usable for current purposes. Or, it may be retained, perhaps as an endowment gift to be invested and held permanently for the income derived.
Gifts other than cash include:
Marketable Property
Gifts-in-Kind
Rights and Insurance
Gifts-in-Trust
Memorial and Honor Gifts
Temporary Funds
Bequests
Gift Recognition Levels
Recognition is based on gifts or pledge payments received within a calendar year. Recognition levels are as follows:
Annual Gifts
These count toward recognition of Lifetime Gifts.President's Club
- Platinum Level $10,000 or more
- Gold Level $5,000 or more
- Silver Level $2,500 to $4,999
- Bronze Level $1,000 to $2,499
- Executive Level $500 to $999
- Red and White Club $250 to $499
- Cardinal Club $100 to $249
- Other Gifts Under $100
Lifetime Gifts
- Circle of Excellence $100,000 or more
- Leadership Club $50,000 to $99,999
- Pacesetter Club $25,000 to $49,999
- Builder Club $10,000 to $24,999
- Patron Club $5,000 to $9,999
- Merit Club $2,500 to $4,999
- Honor Club $1,000 to $2,499
Honor Roll of Donors
All donors in the previous calendar year are listed in the Honor Roll of Donors issue of Cardinal Newsletter each Spring, unless anonymity is requested.
Donor Appreciation Luncheon
A Donor Appreciation Luncheon is held annually for all donors of record.
Naming Opportunities
Available for endowed scholarships, programs, and capital projects. An endowed scholarship fund may be named for you, or in memory of or tribute to a loved one, when the fund reaches $5,000. Naming opportunities for larger gift amounts are available.
A one-time 3% allocation to the administrative services fund applies to all gifts made to the Foundation. This allocation is necessary to cover administrative services such as record keeping, financial statements, communications, fund raising, grant applications, etc. All donors receive full credit for the total gift amount.