Donations and FAQs

Cash gifts may be accepted in the form of US dollars, personal or corporate checks, credit card transactions, payroll deduction transmittal, corporate matching funds and cashier check.

Gifts of real property (also called real estate or realty) are defined as land, natural resources such as timber, oil, gas, or other minerals, and any permanent buildings on it. Real estate donations can be accepted and held by the Foundation, if the intent is to sell the property and deposit the proceeds into an endowment held by the Foundation. Examples of real property include:

• Residential Property
• Investment Property such as apartments, office buildings and shopping centers.
• Commercial Property such as industrial parks, hotels and recreational parks.
• Agricultural land used for production of livestock or crops.

Securities are among the most popular asset used to make gifts. Securities include publicly traded stock, mutual funds, treasury notes, and closely held stock.

• It is the College’s policy to sell gifts of security as expeditiously as possible. Thus, regardless of the value placed on the property by the donor’s appraisal, the College will attempt to sell it at a reasonable price based on market conditions.
• Closely held stock: Because closely held stock is not publicly traded the donor must provide an independent appraisal.

The College accepts life insurance gifts including whole, variable and universal policies.

• All policies must be fully paid up.
• The insurance company must receive a ranking of B+ or better by AM Best.
• The College must be designated as the owner and beneficiary.
• If intended for endowment, the policy must meet the minimum requirements for such endowment.

Connors Development Foundation is able to assist you with the customized handling of gifts that may require such. Examples of such gifts include operating corporations, collections and tangible property, time shares, mineral interest, vehicles, royalties, patent interest and long term estate management vehicles.