Since
1868, Bloomfield College’s life-changing
academics and global reach has inspired
students to succeed and make a difference.
Men and women from New Jersey’s
urban communities transform their education
into ideas and employment.
Bloomfield College takes pride in serving
at-risk populations. More than 2,000
men and women – many of whom come
from New Jersey’s poorest high
schools and communities – are
enrolled in Bloomfield College. To reach
their goal of obtaining a bachelor’s
degree, these students must confront
on a daily basis the realities of economic
hardship, and often new and unfamiliar
academic challenges, as well as family
and work responsibilities.
The College’s hands-on approach
and the faculty’s dedication and
accessibility serve to remove the obstacles
faced by these men and women and allows
them to channel their time and energy
into an educational investment.
The College is committed to increasing
enrollment and enhancing its retention.
Unlike other institutions which serve
a more economically-advantaged student
body, Bloomfield College spends more
dollars per student in order to see
them through to graduation.
Philanthropic support makes it possible
to meet tomorrow’s challenges
with the vision, courage and imagination
for which Bloomfield College has become
known.
What does my gift support?
Your gift to the Bloomfield College
Fund provides direct support for
academic programs, scholarships, computer
and laboratory upgrades, faculty salaries
and student services, as well as alumni
services such as reunions and On the Green,
the alumni magazine.
Why are gifts needed?
Bloomfield College receives funds from
three sources: tuition, appropriations
from the government, and private support.
Though tuition and government monies
provide a large part of the College's
operating budget, there are always
more needs than those two sources
can supply — especially with
the ever-tightening crunch of government
support. Gifts to the Bloomfield College
Fund meet crucial academic
needs that otherwise would simply
go unmet.
Why are unrestricted gifts
so important?
Because an unrestricted gift can be
used wherever the need is greatest.
A gift to the College's John Doe Memorial
Scholarship must be used to fund that
scholarship — even if the College
doesn't have enough lab supplies, computers,
or books for this semester's classes.
Unrestricted gifts allow the College
the most flexibility for the most pressing
needs.
May I specify how my gift is
used?
Absolutely! You may be as general as
operating costs or as specific as for
the athletic fund...and almost anywhere
in between.
Where do I send my gift?
Make your check payable to Bloomfield
College Fund and send to Office
of College Relations, Bloomfield College,
229 Liberty Street, Bloomfield, New
Jersey 07003 or give us a call at
973-748-9000, ext. 293 and you can
charge your gift to your major credit
card right over the phone.
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Can I make my gift on-line?
Yes! Just
click here. It's quick and easy
and starts helping Bloomfield College
immediately!
Online
Giving
Why do you call me every year?
Our telephone contact gives us an opportunity
to thank donors personally for their
financial support and to ask them
to continue that support. It also
gives us the opportunity to update
your records so that we may keep you
properly informed about upcoming events.
Who can take advantage of matching
gifts?
If you or your spouse work for a matching
gift company, you could double or triple
your gifts to Bloomfield College! Stop
by your personnel office for information
on how to initiate a match. If you're
not sure whether a particular company
matches gifts, give us a call.
Is my gift tax deductible?
Yes!!! Your gifts to Bloomfield College
are tax deductible under the applicable
sections of the Internal Revenue Code.
Gift of Appreciated Securities
Gifts of appreciated securities can
be made by contacting Kathy
Guerino, Associate Director for
Development, at 973-748-9000 x369.
Change
of Address Form
Every gift made
during the Fund Year will be recognized
in the annual Honor Roll of Donors
included in the fall issue of On the
Green. This year the College
added new levels to recognize donors
with gifts of all sizes:
- Chairman’s Circle $100,000
and above
- President’s Circle $75,000-$99,999
- Charter Club $50,000-74,999
- Westminster Society $25,000-49,999
- Seibert Hall Society $10,000 - $24,999
- Talbott Hall Society $5,000 - $9,999
- Charles Knox Society $2,500-4,999
- The Quad $1,000-$2,499
- Bloomfield Club $500-999
- Deacon’s Club $250-499
- Baccalaureate Club $100-249
- Franklin Club $1-99
Gifts In Honor/Memory Of
You can make your Annual Fund gift
in honor of or in memory of a family
member, Bloomfield faculty or staff
member, or a friend. The College will
recognize these gifts in the annual On
the Green listing of donors. Please
indicate your intention when making
your gift.
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An ideal gift plan should facilitate
an individual's desire to make a generous
gift to Bloomfield College while also
making an investment that complements
his or her personal financial, tax and
estate plans.
Benefits of Gift Planning
Provides: income tax savings, income
for life for you, your spouse, or another
family member, increase your income,
by reducing or avoiding income taxes
and/or capital gains taxes, expert investment
management, increase income for retirement
and reduction of estate taxes depending
on how you structure your estate plan.
Cash
A gift of cash is the simplest, most
immediate way to give to Bloomfield
College. Cash gifts may be given in
a lump sum or pledged over time. Your
cash gift is deductible up to 50% of
your adjusted gross income if you itemize
your deduction, and you may use any
excess deduction over the next five
years.
Appreciated Securities
There are significant benefits to giving
appreciated stock that you have held
for more than one year. You can claim
a charitable income tax deduction for
the full fair market value of the stock
when you transfer it to Bloomfield College
and your gift of stock will be exempt
from capital gains taxes. Gifts of stock
are deductible up to 30% of your adjusted
gross income if you itemize your deductions.
Life Income Gifts
There are several ways to make a gift
that will provide income to you during
your lifetime. The Bloomfield College
Pooled Income Fund, Charitable Gift
Annuities, and Charitable Remainder
Trusts all allow you to make a significant
gift to Bloomfield College in the future
and receive income now. You may also
name a second beneficiary to receive
the income for life after your death.
When the last beneficiary dies, Bloomfield
College receives the remainder, which
you may designate for a particular fund
or purpose if you wish. Funding a life
income gift with appreciated securities
may be a good way to transform low-yielding
assets, such as stock paying a low dividend,
into a higher-yielding investment. Tax
deductions for each of the life income
gifts are different. Full explanations,
including illustrative examples are
available.
Designation of Support
Any planned gift may be designated
to support a specific purpose. However,
it is important to realize that any
restrictions you put in place will remain
there forever. Therefore, it is advisable
that any specified purposes should be
described as broadly as possible. If
you wish to leave a bequest for a restricted
purpose, it is advisable to include
language that allows the Corporation
of Bloomfield College to apply your
gift to a similar purpose if your original
designation no longer exists.
Wills
If you include Bloomfield College in
your will, you do not have to tell
us of your plans, but we appreciate
knowing when it is included in an
individual's estate plans. This will
allow us the opportunity to make sure
that the purpose of the gift will
always be useful.
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