Planned Giving FAQ
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Planned giving |
Q: I have established a planned gift for HMC through another service provider. Should I notify HMC?
A: Yes, by notifying the Office of Planned Giving, you may earn gift credit at HMC and receive an invitation to join the honorary Legacy Society. HMC also benefits by learning of assets that may be available to it in the future and can work with you to ensure you get the maximum benefit from your gift arrangement and that it is established in a way that most effectively meets your philanthropic objectives.
Q: How does the College credit my planned gift?
A: We record the full contribution to an irrevocable life income arrangement (charitable gift annuity or charitable remainder trust) as a charitable cash gift. Bequests or other tentative or revocable designations are credited as expectancies. Please contact the Office of Planned Giving for more information.
Q: How can my planned gift apply to an upcoming campaign?
A: Planned gifts, including bequests, may be included in support of campaign efforts depending on the gift vehicle used, and the Office of Planned Giving would be glad to discuss such options with you. It's important to note that because the financial proceeds from many planned gifts are not available until some future, indeterminate date, such gifts may not be suitable to support current needs of the College, such as new construction.
Q: Can I designate my planned gift to be used for a specific purpose?
A: Yes, you may designate any planned gift to a specific department, scholarship, or other purpose within HMC. However, gifts that are available to the College without restrictions on their use are valuable to leadership, because they allow flexibility in putting the funds to their best use.
Q: Is HMC a registered 501(c)(3) non-profit organization?
A: Yes. A copy of HMC's IRS tax determination letter is available upon request.
Q: What is HMC's tax identification number?
A: 95-1911219
Q: What is HMC's legal name and address?
A: Harvey Mudd College, 301 Platt Boulevard, Claremont, California 91711-5990
