Investing in Futures

Giving Opportunities

In addition to annual fundraising events, Fayetteville Technical Community College Foundation, Inc. offers several ways in which interested donors can contribute to helping students pursue an education and achieve their goals. Each gift helps FTCC fulfill its mission and provide direct and indirect resources to enhance student success. Together, we help our peers, students, and community to achieve more.

We welcome the opportunity to work with you in establishing a scholarship for our students. To request additional information, please contact Mrs. Lorna Ricotta at 910-678-8441 or ricottal@faytechcc.edu.

The FTCC Foundation, Inc. is a 501(c)(3) organization and all donations are tax-deductible to the extent allowed by law.

Primary Purposes of the Foundation

  1. Raise money from private sources to build up the FTCC Foundation financial base.
  2. Manage the collection, investment, and distribution of private gifts for FTCC students, faculty, and staff.
  3. Provide meaningful programs and services to FTCC Alumni and friends by managing an effective alumni program.

The Foundation’s financial records are audited annually by an independent auditor. The audit report may be viewed at the Foundation’s office upon request. In addition, the Foundation’s IRS tax return can be viewed online  at guidestar.org.

How can you help?

All gifts are important and can be used to benefit our students and FTCC. The following are examples of how your gift may be used:

– $25: FTCC critical need funds can help the College respond to immediate needs not covered in the state budget
– $100: Emergency loan funds help students pay for tuition, books, uniforms, etc. $250 Partial tuition scholarship
– $500: Mini-grants for departments and programs
– $1,000: Full tuition scholarship
– $15,000: Endowment for a specific purpose identified by donor, payable over 3 years

Donor Levels

Donors will be listed in the Fayetteville Technical Community College Annual Report in the categories listed below, based upon total giving during the fiscal year, which ends on June 30th. Exact amounts will not be listed.

– Patron: Up to $99
– Sustainer: $100 – $249
– Steward: $250 – $499
– Advocate: $500 – $749
– Principal: $750 – $999
– Champion: $1,000- $4,999
– Guardian: $5,000 and Above

Types of Donations

You may choose to donate to a particular scholarship fund, departmental account, or to the Annual Fund (unrestricted). View scholarships to learn more.

VIEW SCHOLARSHIPS»

How to Donate

Donations may be submitted by:

Online via Credit/Debit Card
– Campus Mail to VCC 114
– USPS to P.O. Box 35236, Fayetteville, NC 28303
– Payroll Deduction by Submitting a Completed Brochure

DOWNLOAD BROCHURE (PDF opens in new window)

What is an Endowed Scholarship?

An endowed scholarship is one in which the principal is invested for long-term appreciation, and only the income from the investment of the funds will be used to award scholarships. The donors of endowed scholarships have the satisfaction of knowing that their gift is perpetual and is used only for the specific purposes prescribed by them. Endowed scholarships are typically named in honor or memory of an individual or in the name of an organization or business.

The benefactor of an FTCC Foundation, Inc. scholarship chooses the criteria which determines the eligibility of a student for a particular scholarship. As with all other contributions to the FTCC Foundation, Inc., contributions to scholarship funds are tax-deductible donations.

Donation Amount

In order for your gift to fund a perpetual scholarship, the FTCC Foundation, Inc. encourages a minimum level of $15,000 for endowed scholarships. Donors may make an initial investment below $15,000 with later investments increasing the amount to $15,000 or more.

For example, a donor may contribute $5,000 to establish the endowment for the first year. For the next two years, the donor would contribute an additional $5,000 to the endowment to reach the $15,000 necessary. It is recommended to only award a scholarship once the $15,000 level is attained, unless a donor contributes an annual sum to cover one scholarship.

If a scholarship is not endowed with a minimum of $15,000 within three years of its establishment, the funds may be transferred to the Foundation’s Endowment Fund or awarded as a scholarship based on the direction of the Foundation Finance Committee or its designee. However, the Foundation will first consult with the endowed scholarship donor.

Restricted scholarships are established by clubs, organizations, businesses, churches, and individuals. Their values range and the donors typically make an annual contribution so the scholarship can be awarded every year.

The benefactor of an FTCC Foundation, Inc. scholarship chooses the criteria which determines the eligibility of a student for a particular scholarship. As with all other contributions to the FTCC Foundation, Inc., contributions to scholarship funds are tax-deductible donations.

The Foundation holds funds for many departments and clubs at Fayetteville Technical Community College. These funds enable the departments and clubs to have discretionary money at their disposal for open houses, meetings, supplies, and other needs.

Unrestricted gifts are used for operating costs, college support, and fundraising needs. The Annual Fund supports the college’s greatest needs, as outlined by the President. Unrestricted gifts are used for operating costs (non-salary), college support, and fundraising needs. The Foundation Board of Directors provides fiduciary oversight of the Foundation’s budget and expenses.