Endowed Gifts

Your Gift Can Last Forever

An endowment gift to the Foundation for Reading Area Community College today provides a brighter picture for our future. When you make a donation to an endowment, you give a gift with both immediate and long-term benefits.

Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at the Foundation for RACC. The remaining funds are reinvested to ensure indefinite support.

An Example of How It Works

Couple Smiling Longtime the Foundation for Reading Area Community College supporters Charlie and Susan have two goals: First, they want to make sure the Foundation for RACC continues to receive support after they are gone. Second, they want to create a lasting legacy for Charlie’s parents.

Charlie and Susan make a $25,000 donation to the Foundation for RACC, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of Charlie’s parents. Plus, Charlie and Susan qualify for a federal income tax charitable deduction on their taxes.

Fund Your Donation With:

Next Steps

Contact Rhonda K. Hudak, CFRE at 610-372-4721, Ext. 5016 or rhudak@racc.edu to discuss endowed gifts.
Seek the advice of your financial or legal advisor.
If you include the Foundation for RACC in your plans, please use our legal name and federal tax ID.

Legal name: Foundation for Reading Area Community College
Address: 10 S. 2nd Street, Box 1706, Reading, PA 19603
Federal tax ID number: 23-2273163

Start Paying It Forward

View and download your FREE copy of Endowments: A Never-Ending Legacy.