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

Securities, real property, and salable personal property.

Gifts-in-Kind

Gifts to be used in the form in which they are given, such as art objects, books, and equipment.

Rights and Insurance

Royalties, copyrights, trademark rights, and insurance policies naming the Foundation as a beneficiary.

Gifts-in-Trust

Resources given in exchange for a lifetime income to you or some you name, after which this income will be used by the Foundation according to your wishes.

Memorial and Honor Gifts

Gifts made "in memory of" or "in honor of" persons will be used as unrestricted income, unless otherwise specified by you.

Temporary Funds

Non- invested funds expendable for designated or undesignated purposes, often in the year the gift is made.

Bequests

You may arrange by Will that a specified dollar amount or specified percentage of your estate will be gifted to the Foundation. You may also arrange, after the death of a named beneficiary, that some or all of the amount the named beneficiary would have received will be gifted to the Foundation.

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.

  • LCC Foundation and Alumni Association Board of Directors
  • Ray Jacquinot ’80, President
  • Linda Proehl, Vice President/President Elect
  • Gary Wall ’59, Secretary
  • Jody Thompson, Treasurer
  • Debbi Baugher ’75
  • Dr. Jerry Bouman ’77
  • Robert Brandenburg ’59
  • Mike Brotherton
  • Michelle Cerne
  • Greg Chalker
  • Marlan Hoffman
  • Jeanette Horton
  • Donna Scoggins
  • Neil Springer ’98
  • Ginny Wommack
  • Let Us Hear From You
  • If you have questions or comments, please let us know. At your request, we would also be happy to consult with your legal and financial advisors on your gift plans.

    You may write to us at:

    LCC Foundation
    200 South 14th Street
    Parsons, KS 67357

    Email Lindi Forbes, Executive Director or call (620) 820-1212

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