Methods of Giving

There are many ways to contribute to the COS Foundation.
Contributions are tax-deductible to the extent allowed by law.

Amazon smile

Start at smile.amazon.com and Amazon will donate 0.5% of the price of your eligible AmazonSmile purchases.

The AmazonSmile Foundation (smile.amazon.com) will donate 0.5% of the purchase price from your eligible AmazonSmile purchases to the College of the Siskiyous Foundation. The purchase price is the amount paid for the item minus any rebates and excluding shipping and handling, gift-wrapping fees, taxes, or service charges. From time to time, AmazonSmile may offer special, limited time promotions that increase the donation amount on one or more products or services or provide for additional donations to charitable organizations. Special terms and restrictions may apply.

Cash / Credit Card

Cash gifts are outright gifts of cash, checks, money orders and Visa, Discover and MasterCard credit cards. For assistance with making a gift by credit card, visit or call the Foundation office at (530) 938-5373 or email foundation@siskiyous.edu.

Contribution form (PDF)

Employee Payroll Contribution

To begin your automatic donation to the COS Foundation or to make changes to the amount you are donating, please complete the form and forward it to the Foundation Office. If you have questions regarding the payroll contribution program, please call (530) 938-5373.

Payroll contribution form (PDF)

Gift-in-Kind Donation

COS may accept non-cash or "in-kind" donations of equipment or materials if they can be used to the benefit of college programs and services. All non-cash donations must be accepted by the department chair and the COS Foundation. In order to expedite the approval for, and acceptance of, non-cash donations, please follow these guidelines:

First contact the Foundation (530) 938-5373 to verify that the donated equipment or materials can and will be used in support of college activities. Then complete the Gift in Kind form.

Gift in Kind donation form (PDF)

Matching Gift

Corporations will often match gifts made by employees or retired employees. More than 1,000 companies in the U.S. have adopted corporate matching gift programs. Please consult your company's human resources department for guidelines.

Planned Giving, Bequests and Wills

The most common gift is the Charitable Remainder Trust. The donor places assets (typically highly appreciated) into an irrevocable trust. Within the trust, assets can be bought and sold without tax consequences. The donor receives income (typically for life, or two lives if a spouse is involved) from the investment of trust assets. When the donor passes away, the trust is dissolved and the assets pass to a previously named charity. Because the trust pays no taxes, the highly appreciated asset can be sold within the trust without capital gains tax consequences and invested to provide increased income for the donor. The donor receives a current year tax deduction for the value of the future gift that charity will receive. Frequently, the increased income that the beneficiary realizes can be used to purchase life insurance that will replace the asset for the heirs without gift, income, or estate tax consequences.

  • A Charitable Lead Trust is nearly the opposite of the charitable remainder trust. A donor puts an asset in a lead trust and pays income to a charity for a period of time. The asset then reverts to the donor or the donor's heirs (with estate tax savings). The donor receives a tax deduction for the value of the income interest donated to the charity, but that is reduced by income tax that the donor must pay on the income.
  • A Charitable Gift Annuity is simply a contract between a donor and a charity promising to make payments to the donor for life in exchange for a contribution. This is identical to a commercial annuity, except that the rates of return are typically lower for charitable gift annuities so that the donor can receive a tax deduction for a portion of the gift. The annuity may be immediate (payments to the annuitant begin within a year) or deferred (payments to the annuitant begin at some future date.) A portion of every annuity payment that the annuitant receives is a tax-free return of principal and the remainder is considered ordinary income and/or capital gain. The charity may elect to spend a portion of the gift annuity amount immediately or retain it in its entirety, keeping the remainder in reserve to assure it can meet the income obligations to the annuitant.
  • A Pooled Income Fund is another type of gift that gives back to the donor. Assets contributed by the donor are pooled with others in a fund. The donor receives a pro-rata portion of the fund's future earnings and is allowed a partial charitable deduction for the gift to the fund. One advantage of the pooled income fund (and the charitable remainder trusts) is that they can accept contributions of long-term appreciated property and sell it within the fund without paying capital gains tax. This allows the donor to convert low yielding, highly appreciated property and sell it within the fund without paying capital gains tax. This allows the donor to convert low-yielding, highly-appreciated assets into higher yield assets while avoiding capital gains consequences.

There are other types of tax leveraged charitable gifts such as life insurance, life estates in a home or farm, and conservation easements that may be given. As with the other examples above, they provide the benefit of moving assets out of the estate, thereby avoiding estate taxes, leveraging a gift with tax savings, and (if made during life) typically yield a current tax year tax deduction.

When should you give?

You may make charitable gifts any time during your life or at death by will or trust. Gifts during life receive a double tax benefit; they are typically leveraged by income or capital gains tax savings and estate tax savings because assets are no longer in your estate you will not have to pay estate taxes on them. Charitable gifts made at death by will or through a revocable living trust avoid estate tax but will not provide any income tax relief.

Should you choose to make a gift during life, the dates of your gift (for IRS purposes) varies depending on the type of asset gifted and the method. All gifts physically delivered to the Foundation Office are receipted as of that day, with the exception of gifts of stock that have not had a stock power executed. Gifts of cash and checks that are mailed through the U.S. Post office are receipted as of date of postmark. Gifts of cash and checks that are mailed through private carriers such as UPS or FedEx are receipted on the day they arrive at the Foundation Office. Real estate is received on the day a deed is recorded. Stock gifts are receipted on the earlier of the day stock shows up on the Foundation's account, the date stock certificates are put into the Foundation's name, or the date stock certificates are physically delivered and a stock power (releasing your interest) is properly executed.

How will your gift be valued and your tax deduction is calculated?

Cash is valued at face value. Real estate, personal property and partnership or business interests valued over $5,000 require a qualified appraisal by an unrelated person. If the personal property is not put to a use related to the Foundation's tax exempt purpose (education), then the tax deduction is limited to your actual cost or the market value, whichever is lower. Business inventory is always valued at cost (with some rare exceptions). Publicly traded stocks and bonds are valued at the average of the high and low prices on the day the donation is received; in the event the stock market is not open on the day of the gift, the averages used are from the nearest two days before and after the gift that the stock when the market was open. Split interest gifts (charitable remainder trusts, lead trusts, pooled income funds, gift annuities, life estates) in which the donor receives something in exchange for the gift, such as lifetime income, require calculation according to IRS rules to determine the tax deduction. The College of the Siskiyous Foundation uses special software for these gifts and can prepare an estimate upon request.

Should you decide to make a charitable gift you should always consult your attorney, accountant, and other financial professionals. College of the Siskiyous Foundation reserves the right not to accept an offered gift it deems if it cannot appropriately use the asset to serve the College

Real Estate Gift

Real Property includes all gifts of real estate. In considering whether to accept the gift, the Foundation weighs its potential value to the College and determines whether a management plan can be implemented to maximize potential.

Scholarship Contribution

Your scholarship contribution provides a gift of knowledge to a deserving College of the Siskiyous student. Scholarships reward student achievement, encourage student leadership and accomplishment, and provide needed financial assistance. Scholarships are established to honor or remember family, friends or organizations. Some scholarships are created specifically for helping to train professionals in specific fields of study.

  • Annual Scholarships: A donor may name a general scholarship with a minimum donation of $1,000 or more, established as a one-time memorial scholarship or as annually renewable.
  • Endowed Scholarships: May be established (named) to memorialize or honor family, friends or organizations. Endowed scholarships are established as perpetual scholarships. An endowment fund is administered according to the following provisions:
    • When the principal of the endowment reaches the specified amount (minimum $10,000), the endowment earns interest for one year. After earning interest for one year, the scholarship is activated and awarded to a student the following spring. A $10,000 endowment produces a $500 scholarship. Prior to activation of the scholarship, all annual interest and earnings from the investment of the fund will be added to the principal to reach the minimum amount.
    • If for any reason the endowment fund does not reach the agreed minimum goal within a five-year period, the Foundation transfers the funds to the COS general scholarship fund.
    • Donors may elect to personally pay for the annual scholarship fund disbursement prior to the activation of the endowed fund.
  • General Scholarship Fund: These scholarships are provided to Siskiyou County students. They are funded by unrestricted charitable contributions and scholarship fund raising activities.

Securities

Donation of your appreciated stocks and bonds will help you avoid paying capital gains taxes. Stocks and bonds can be transferred to the COS Foundation account. Call for information.

Stock contribution form (PDF)

Contact College of the Siskiyous Foundation

Located in Building 95 at the Weed Campus (next to the Science Building and Gym Parking Lot)
800 College Avenue
Weed, CA 96094
Email: foundation@siskiyous.edu
Phone: (530) 938-5373
Fax: (530) 938-5570