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A gift made by check or money order should be made payable to the Citrus College Foundation and mailed to the address shown below:
Citrus College 1000 West Foothill Boulevard Glendora, California 91741-1899
A gift may be made by credit card. The Foundation accepts MasterCard, VISA and American Express. For assistance in making a gift by credit card, visit or call the Foundation Office at (626) 852-8008.
An electronic transfer of funds from a donor's account to the Foundation's money market account at Bear Stearns & Co. Inc. may be used to make a gift. For assistance in making an electronic transfer of funds, please call the Foundation Office at (626) 852-8008.
Gifts in currency should not be sent through the mail. Donors who wish to make a cash gift in U.S. currency should visit the Foundation Office. A cash receipt will be written at the time the gift is made.
Gifts of negotiable securities or stock should be delivered in person or by registered, insured mail to the Foundation's brokerage account with Bear Stearns & Co. Inc. located at:
Bear Stearns & Co. Inc. David Tannenbaum 1999 Avenue of the Stars, Suite 300 Los Angeles, CA 90067 (310) 201-2730 (800) 777-1234
A letter of transmittal should accompany the securities or stock certificates. The transmittal letter should state that the securities or stock certificates are a gift to the Citrus College Foundation and should be credited to the Foundation's account. A copy of the transmittal letter should be forwarded to the Foundation Office to the attention of the director of Foundation and Grants.
The donor will receive a letter of acknowledgment from the Foundation's Director within three days of receipt of the copy of the letter of transmittal and a telephone confirmation from Bear Stearns & Co. Inc. that the securities have been received.
Gifts of securities will be recorded at market value on the date of transfer to the Citrus College Foundation. Bear Stearns & Co. Inc. will provide the Foundation with the market value as of the date of transfer.
Donors who are considering a gift of real estate are encouraged to contact the Foundation Office. The Foundation will work with you to facilitate a timely evaluation of the property as a potential gift.
Most real estate has appreciated faster than the rate of inflation and offers great potential in charitable gift planning. The Citrus College Foundation may accept a gift of vacation property, condominium, undeveloped land or other real estate. As an example, a donor may transfer ownership of his/her personal residence (or other real estate) to the Foundation and receive:
Gifts of real estate may also be made through a will or a living trust as a bequest. Prospective donors are encouraged to consult with a qualified estate planning professional when considering a bequest.
For additional information on bequests, please see Planned and Deferred Giving.
The donor will be requested to provide detailed information, including make, model, serial number, purchase price, age, etc. about the item being donated. This will be recorded on the appropriate form. The Foundation and the appropriate college staff will assist the donor in valuing the item. The appraised value will be included in the gift acknowledgment letter which the donor may use for income tax purposes.
Gifts-in-kind that cannot be used by the college may be sold within two years of receipt.
Gifts-in-kind donated for silent and live auctions are auctioned off at the event for which they were donated, which is typically within a year of their receipt. A numbered receipt/gift acknowledgment signed by an authorized person will be issued at the time the gift is picked up or dropped off.
Acceptance of Gifts-in-Kind form
Prospective donors who may be considering a gift of life insurance and need assistance may contact the Foundation Office at (626) 914-8825. Planned or Deferred Gift through Trusts or Wills
CITRUS COLLEGE • 1000 WEST FOOTHILL BOULEVARD • GLENDORA, CALIFORNIA 91741-1899 • (626) 963-0323
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