The Giving Process
The Midland College Foundation values every gift and handles each one professionally and efficiently.
We convert the gift to cash
Non-cash gifts (securities, real estate, and personal property) are converted to cash promptly, unless prevailing market conditions indicate that a delay will secure a better selling price.
We send a receipt
We mail a receipt and thank-you note for every gift within two working days. Receipts provide the donor with proof of tax-deductibility.
We place the gift in an account
Every gift goes into an endowed or non-endowed account as specified by the donor. The foundation disburses funds from accounts as defined by the donor.
We disburse funds to Midland College
If the gift is non-endowed, the foundation disburses the entire gift as designated by the donor. If the gift is endowed, we invest it until there is sufficient income to fund the endowed program.