Planned Giving at ACC
Many Alpena Community College supporters have chosen to make gifts that outlast their own life to secure the future development of the College and continue providing financial resources to its students.
Through careful planning, your gift might create an endowed scholarship fund for future generations. Your interests might establish a specific program endowment within the ACC Foundation. Or, your gift can provide unrestricted support and used where the need is the greatest. As with all planned giving decisions, we encourage you to discuss this with your personal financial advisor, certified public accountant, or attorney. For more information, please contact:
Anna and Jesse Besser Legacy Society
Very few individuals have been as uniquely committed to the College as Jesse and Anna Besser, who stand alone as the greatest single benefactors to Alpena Community College. Gifts of land and money during their lifetimes, plus more than $5 million in financial gifts through the Besser Foundation since their deaths, have helped the College grow and succeed. ACC, its students, and our entire community have all benefitted from the millions of dollars that came from this very special family.
To honor the Bessers’ philanthropic support, the Anna and Jesse Besser Legacy Society was established to recognize and honor those individuals who make provisions for the College in their estate plans. Membership in the Anna and Jesse Besser Legacy Society is extended to individuals who have chosen to make a future gift to ACC through their estate plan.
Please let us know if you have included the College in your estate plan so we may acknowledge your generous support.
Create Your Lasting Legacy
We can help you incorporate your life’s legacy into your estate plan. Creative planned giving techniques can be tailored to meet the specific needs, wishes, and objectives of individuals, as well as to assist the ACC Foundation in its mission. Estate planning professionals suggest a review of your will and estate plan every three years or whenever a major event occurs in your life such as marriage, birth, death or significant change in wealth. If you already have your estate plan in place, you can easily amend it to include a planned gift to the ACC Foundation.
A bequest is a simple way of giving to an organization, but it isn’t and shouldn’t be the only way of establishing a legacy. There are a variety of options for planned giving at ACC including gifts of life insurance, charitable trusts, gift annuities, gifts of appreciated property, and stocks.
Gifts by Will or Trust
The simplest way to make a future contribution to Alpena Community College and provide the gift of education to others. Here’s a recommended statement for making an unrestricted bequest in your will or trust:
“I bequeath the sum of $_________, or _________% of my adjusted gross estate as finally determined for federal estate tax purposes, whichever is the lesser, to the Alpena Community College Foundation, 665 Johnson Street, Alpena, MI 49707, to be used as determined appropriate by the ACC Foundation Board to support college programs or students.”
Here’s a recommended statement for making a bequest in your will or trust to a specific program/use:
“I bequeath the sum of $_________, or _________% of my adjusted gross estate as finally determined for federal estate tax purposes, whichever is the lesser, to the Alpena Community College Foundation, 665 Johnson Street, Alpena, MI 49707. The bequest outlined above is to be used for the following program/purpose:_______________________________”
Gifts of Securities
You can transfer appreciated stocks, bonds, or mutual fund shares to the Alpena Community College Foundation. The ACC Foundation will sell your securities and use the proceeds as you direct. Stock transfer instruction sheet
You can make a gift of a home or other real estate and continue to use the property through a life estate arrangement. A charitable contribution of real estate can include your personal residence, a hunting camp, a cottage, a farm, vacant land, or commercial real estate. All non-cash gifts are subject to review by the ACC Foundation Board of Trustees.
Another simple yet significant way to leave a legacy gift is to name the ACC Foundation as the beneficiary to receive all or part of the proceeds of a life insurance policy.
Retirement Plan Assets
If your retirement funds exceed your needs, gifts can be made from this extra money to support your charitable interests. Naming the ACC Foundation as the primary beneficiary of your individual retirement account or other retirement savings plan avoids income and estate taxes.
Charitable Remainder Annuities or Trusts
You can make a gift that provides you income for life. After your lifetime the trust then reverts to the charity you named as beneficiary.