The Rogue Community College Foundation is committed to transparency, accountability and responsible stewardship of all donor contributions. These policies ensure that gifts are managed effectively and used to support students, programs and priorities at Rogue Community College.
Gift Fee
The RCC Foundation applies a 5% gift fee to all restricted gifts. Restricted gifts are donations designated for a specific purpose, such as a scholarship, program or initiative. Unrestricted gifts are not subject to this fee.
What the Gift Fee Supports
The gift fee helps ensure that donor contributions are managed responsibly and used as intended. This includes:
- Timely gift receipts and donor acknowledgment.
- Accurate financial recordkeeping and reporting.
- Annual independent audits.
- Ongoing fund management and compliance.
- Efficient distribution of funds to students and programs.
Why the Foundation Uses a Gift Fee
The gift fee helps reduce reliance on direct institutional funding for Foundation operations. This allows more college resources to be directed toward instruction and student support.
How the Fee is Reviewed
The RCC Foundation Finance & Investment Committee reviews the gift fee periodically to ensure it remains appropriate and aligned with operational needs.
Restricted Gifts
Restricted gifts are designated by the donor to support a specific purpose, such as:
- Annual or endowed scholarships.
- Program funds.
- College initiatives.
The RCC Foundation applies 95% of each restricted gift to the designated fund. The remaining 5% supports Foundation operations through the gift fee described above.
Gifts-In-Kind
Gifts-in-kind are donations of property voluntarily transferred to Rogue Community College without compensation. These may include equipment, materials, supplies, artwork and other tangible items that support college programs.
Gifts of services are not considered tax-deductible contributions.
The Foundation encourages donors to contact the Foundation Office before making a gift-in-kind to confirm that the donation meets current college needs.
Gift-In-Kind Acceptance Process
Donations Up to $5,000
The donor and department representative complete the Gift-In-Kind Acceptance Form.
- The department receiving the gift must be clearly identified.
- The form must be signed by the department head and submitted to the Foundation.
- If the item qualifies as a fixed asset and will remain in use, a fixed asset number must be assigned by Purchasing.
For gifts valued between $500 and $4,999.99, donors may be required to file IRS Form 8283 with their tax return. Donors should consult a tax professional.
Donations of $5,000 and Above
In addition to the steps above:
- IRS Form 8283 must be completed and signed by a qualified appraiser.
- A copy of the appraisal must be provided.
- The Gift-In-Kind Acceptance Form must be signed by the department head.
Donors are encouraged to consult a tax advisor regarding reporting requirements.
Additional Requirements
If a donated item is sold, transferred or disposed of within two years of receipt, the department must notify Purchasing and the Foundation in writing within one week to ensure compliance with IRS regulations.
Donations of Motor Vehicles
The donor must receive a written acknowledgment from the receiving department that includes:
- Vehicle identification number (VIN) or other identifier.
- Donor name and tax identification number.
Valuation of Gifts
Under IRS regulations, the value of a gift-in-kind is determined by the donor or a qualified appraiser. Rogue Community College employees are not authorized to assign values for tax purposes.
Important Note
This information is not intended as legal or tax advice. Donors should consult their attorney, accountant or financial advisor when making charitable giving decisions.