The Colorado College Endowed Scholarship Challenge 101
A Colorado College alumnus has established an endowed scholarship fund through his estate plans. His commitment includes a $10 million challenge to alumni and friends of CC to join him by establishing or enhancing an endowed scholarship through their own estate plans or gifts by June 30, 2018. The total result of the challenge, when successfully completed and combined with the challenge donor’s commitment, will be at least $20 million for additional scholarship support and 101 new or enhanced scholarships.
How the Challenge Works:
- To qualify, you must designate a minimum gift of $100,000 to endow a scholarship.
- Your gift will then release $100,000 of the challenge donor’s commitment to his endowed scholarships.
- The minimum age to establish endowments through estate plans is 57. There is no age minimum for outright gifts.
Ways to Participate:
- Name CC as a charitable beneficiary in your IRA or other retirement plans;
- Name CC as a charitable beneficiary of your donor advised fund;
- Name CC as a beneficiary in your will or trust; or
- Make an outright gift to CC today.
If you have already planned a future gift for CC and haven’t yet shared your intentions, you can qualify for the challenge. Please let us know of your intentions so we can include you among the members of our community participating in this historic effort that helps CC fulfill its mission of providing the finest liberal arts education in the country.
For More Information
Stephany Marreel, director of gift planning
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.