Ruby Anniversary Scholarship Fundraiser: Our 40-year Past, Present & Future
Each year the SSCF has an annual gala event from which all proceeds support scholarship opportunities for SSC students. With cost of higher education on the rise and the level of state funding on the decline, students are finding it more and more difficult to afford a full-time college education. The SSCF is now seeking support for our Ruby Anniversary Scholarship Fundraiser: Our 40-year Past, Present & Future, to be held April 26th at Flossmoor Country Club.
This elegant dinner-dance will feature a silent auction with approximately 250 guests. Individuals or local businesses can market themselves at this event in several ways while contributing to the important educational opportunities of local students. Tickets are also now available for $125 each. The event begins at 6:30 p.m., and features an Open Bar and buffet style dinner, silent auction, dancing, and the outstanding music of The Connexion Band. The sponsorship opportunities are as follows:
The Foundation Staff will pick up donations for auction. Sponsorships and auction donations are 100% TAX-DEDUCTIBLE. At SSC, 90% of our students fall under the low income, first generation, disabled or low income and disabled criteria. Thank you for your consideration in supporting these students!
You may purchase tickets or make your sponsorship donation through PayPal (firstname.lastname@example.org) at the bottom of this page, or mail checks to “SSC Foundation” at 15800 S. State Street, South Holland, IL, and we will mail your receipt information. For more information, please call (708) 596-2000, ext. 2463.
SSCF Executive Director
Your financial support of the South Suburban College Foundation is an investment in the economic development of the south suburbs and a better future for the thousands of residents who depend on South Suburban College for the education and training to meet their career goals.
The SSCF annual campaigns include a spring Showcase Dinner and a Donor Drive in the fall. Individuals and businesses can establish a personal, memorial, or business-sponsored scholarship with an annual donation of $750 or more. An endowed scholarship fund that produces an annual scholarship for as long as South Suburban College endures can also be established with a donation of $30,000 (over five years).
If an individual itemizes, outright gifts of cash are fully deductible for federal income tax purposes up to 50% of the adjusted gross income. Total gifts that exceed this limitation may be carried forward for tax purposes for up to five additional years.
Giving long-term appreciated stock offers a two-fold tax saving. First, it allows individuals to avoid paying any capital gains tax on the increase in value of the stock. In addition, they will receive a tax deduction for the full fair market value of the stock on the date of the gift. For income tax purposes the value of such gifts may be deducted up to 30% of the adjusted gross income, with an additional five year carry forward.
To receive a charitable deduction, name the SSC Foundation as both the owner and beneficiary of the policy. If the policy has a cash value, an individual can take a charitable deduction approximately equal to the cash value at the time of the gift. In addition, any annual premiums will become tax deductible each year.
Through bequeathing money in one’s will the Foundation can benefit tremendously while saving individuals many estate tax dollars at the same time. The federal estate tax can still take approximately 50% of one’s estate at the time of death.
If you are interested in making a contribution to the South Suburban College Foundation, please contact Executive Director, Patrick Rush, at (708) 596-2000, ext. 2697.