1. Outright Gifts
A gift of cash is the easiest gift to make — it provides the maximum deduction for donors while delivering immediate benefits to the College.
Gifts can also be made to Mount Olive College by:
- Mailing a check or money order to Mount Olive College, Gift Records, 634 Henderson Street, Mt. Olive, NC 28365
- Calling Gift Records at 919-658-7823 and making a gift by phone
- Contributing online
- Payroll deduction (for Mount Olive College faculty and staff only)
2. Gifts of Assets and/or Investments
3. Planned/Deferred Gifts
An endowment is a gift that is held in perpetuity and invested. The return on the investment provides a constant source of income for the activities designated by the donor. Endowment funds at Mount Olive College help maintain the institutions financial strength.
Endowments can be established through current gifts or cash, stock or real estate or planned gifts such as charitable trusts, charitable gift annuities, life insurance or bequests.
Endowments are invested in the market with 4% of the earnings interest distributed or reinvested. Endowment Funds are the exclusive responsibility of the Board of Trustees. The investment responsibility rests with the Board of Trustees Business Affairs Committee.
An Endowed Fund Agreement (EFA) must be signed prior to the establishment of an endowed fund. Any gift for a restricted endowment must be reviewed and approved prior to its execution. Endowments must reach a minimum of $10,000 within 5 years of its inception before any income from that fund can be distributed.
If you would like to contribute to the Mount Olive College Endowment or are interested in starting one of your own, please contact Dwayne McKay, Director of Planned Giving, for more information at 919-658-7757 or firstname.lastname@example.org.
5. Matching Gifts
Thousands of companies sponsor matching gift programs and will match charitable contributions made by their employees. You or your spouse may work for a company that will match your gift. Check with your employer to see if your gift to Mount Olive College could be matched or even tripled! They can provide you with the gift matching form to get the process started.
Mount Olive College thrives because of the support of numerous individuals. We are a private institution rooted in the liberal arts tradition with defining Christian values. The College, sponsored by the Convention of Original Free Will Baptists, has locations in Mount Olive, New Bern, Wilmington, Goldsboro, Research Triangle Park, Washington and Jacksonville.