October 15-21 is National Estate Planning Awareness Week

Peggy & Tom GriffinPeggy and Tom Griffin have their final plans in place, including a legacy gift to the CPCC Foundation. Tom retired from CPCC after 37 years of dedicated service. As both a Dean and VP, Education Support Services, he played a vital role in the growth of the College from an institution with humble beginnings in the Central High School Building to a college with six campuses throughout the Charlotte-Mecklenburg area. Peggy was a teacher for 36 years, most of it in the CMS system. Education is important to them and certainly a legacy for which they will be remembered.
 
Tom recently said, "Peggy and I support CPCC because the College is the key to the City of Charlotte's continued success and growth. This is illustrated by the number of students at CPCC and the College's growth to meet the needs of the community. We hope it will continue to grow."
 
CPCC trains some 55,000 students per year. These students range from Associate in Arts or Science degree candidates to college transfer students, to skills training such as dental assisting, welding and manufacturing students to those taking a course to complete a work requirement or earn a certificate. CPCC's goal is to educate students and strengthen the Charlotte-Mecklenburg community.  
 
Our sincere appreciation to Peggy and Tom for their continued support and partnership. 
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Posted in Foundation News, Gift Planning.

Levine Scholarship Endowment marks 15th year at CPCC

Since Central Piedmont Community College (CPCC) awarded the first scholarship from its Levine Scholarship Endowment in 2003, nearly 900 students have received much-needed assistance with achieving their career training and educational goals.

Created by a grant from The Leon Levine Foundation (TLLF), cumulative Levine Scholarships awards now total more than $2.1 million. With a current market value of more than $5 million, the Levine Scholarship Endowment represents the largest permanent source of financial assistance for students at Central Piedmont.

"Having the opportunity to go to a great college and get a solid foundation for the rest of my education without having to worry about the cost has been a tremendous help in making college happen for me. And being part of a community of scholars has really shaped my college experience for the better as well," said Ren Lane, a CPCC Levine Scholar and Providence High School graduate who is pursuing an associate in arts degree.

According to Levine Scholar Adam Penninger, a graduate of West Mecklenburg High School, "I attended CPCC from the fall 2006 term through the fall 2008 term. During this time, I did not qualify for any forms of federal or state aid, even though I came from a low-income household. The Levine Scholarship provided access to higher education I wouldn't have been able to obtain otherwise.

"Today I work in the financial aid office at CPCC," Penninger added. "I see directly the impact the Levine Scholarship had upon myself and continue to see its positive impact on students. Many of these students have no funding at all, and others don't have enough to cover all of their expenses."

Tom Lawrence, executive director of TLLF, said, "Investing in need-based scholarships for bright, ambitious students aligns closely with TLLF's mission. We take great pride in partnering with CPCC and hope the impact of these scholarships is felt for years to come."

CPCC, one of the largest community colleges in the Carolinas, offers nearly 300 degree, diploma and certification programs; customized corporate training; market-focused continuing education; and special interest classes. The college enrolls more than 56,000 annually in for-credit programs.

"I often say CPCC is in the life-transformation business. CPCC is the hope many of our students are seeking. Hope of a better job, better wage, better life, and better provisions for their family," Dr. Kandi Deitemeyer, CPCC president, explained. "Partners and benefactors like The Leon Levine Foundation make it possible for the college to carry out its important mission.

"On behalf of the college and the nearly 900 CPCC students who have received much-needed assistance through the Levine Scholarship Endowment, I say 'thank you.' The positive impact that has been made and will be made is immeasurable," Deitemeyer added.

The Levine Scholarship Endowment is a significant source of financial assistance for CPCC students annually. The college encourages anyone who is interested in pursuing additional education and career training, but lacks financial resources, to complete a CPCC application, and talk with a staff member in the college's Financial Aid Department. Read more

Posted in Alumni, Announcements, Foundation News, Gift Planning.

The Impact of an IRA Contribution

If Austin Perez hadn't received a scholarship, he would have to work full-time while also attending CPCC as a mechanical engineering student. But due to a donor's IRA rollover contribution, part of Austin's tuition is covered and he can experience CPCC fully including the college's MAN UP and STEM Alliance programs, as weAustin Perezll as its state-of-the-art engineering program.

"The generosity of CPCC's donors allows students like me to earn an education that will one day lead to a better way of life. There is endless goodness that comes from giving."



IRA rollover contribution

In December 2015, Congress passed legislation permanently extending tax benefits for seniors age 70½ or older. The new law allows you to roll over up to $100,000 from an IRA directly to a qualified nonprofit such as CPCC without increasing your taxable income. The rollover gift also satisfies the required minimum distribution for the year.

Benefits of an IRA contribution are threefold:
• You can fulfill charitable year-end gifts from RMD without increasing taxable income.
• These tax-free rollover gifts can be $1,000, $10,000 or any amount up to $100,000.
• Your gift ensures educational opportunities for CPCC students.

For more information on making an IRA contribution, contact Brenda Lea at 704.330.6869.
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Posted in Alumni, Foundation News, Gift Planning.

Consider An IRA Rollover Contribution

When Phil Adams, a former CPCC instructor, learned he was required to take a minimum deduction from his IRA account, he decided to transfer a portion of those funds to a charitable interest that was near and dear to his heart CPCC.

His contribution will have a lasting impact on CPCC students, providing them with educational and career training opportunities they would otherwise not have. "By supporting CPCC's Opera Theatre program, for example, I'm able to introduce students to a beautiful art form they can learn and enjoy."

In December 2015, Congress signed into law the Protecting Americans from Tax Hikes Act. This law permanently extends tax benefits for seniors age 70 ½ or older by allowing you to rollover up to $100,000 from an IRA directly to a qualified nonprofit such as CPCC without increasing your taxable income, and the rollover gift satisfies the required minimum distribution for the year.  
 
Benefits of an IRA contribution are threefold:

  • You can fulfill charitable year-end gifts from RMD without increasing taxable income.
  • These tax-free rollover gifts can be $1,000, $10,000 or any amount up to $100,000.
  • Your gift ensures educational opportunities for CPCC students.
For more information, please contact Brenda Lea, Director, Planed Giving, at 704-330-6869 or
email brenda.lea@cpcc.edu. Read more

Posted in Gift Planning.

Should You Make A Contribution From Your IRA?

In December 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act.  Among other things, this law permanently extends tax benefits for seniors who choose to direct IRA distributions to qualified charities. The benefit applies to taxpayers over the age of 70 ½ and to contributions up to $100,000.
 
A key benefit of a direct charitable contribution from an IRA to a nonprofit organization, such as Central Piedmont Community College (CPCC), is that the donation counts towards an individual's required minimum distribution. A gift from an IRA may also lower income taxes owed at year-end.

Another way to give is to designate a charitable interest as the beneficiary of an IRA. This allows a donor to make a future gift of assets while providing lifetime income to one's self or family members. 

Benefits of an IRA contribution are threefold:

  • A donor can fulfill charitable intent after income needs are met.
  • Donors can provide an annual income for themselves or family members and the leftover balance to a charitable interest such as CPCC.
  • Assets which typically carry a heavy tax burden can be left to a charity without the income or estate taxes.
For more information, please contact Brenda Lea, Director, Planned Giving, at 704-330-6803. Read more

Posted in Foundation News, Gift Planning, Resources.

William Claytor honored with Order of the Long Leaf Pine

Bill Claytor

Charlotte attorney William Claytor recently received the Order of the Long Leaf Pine, the highest honor bestowed by the state. CPCC president Tony Zeiss presented Claytor with the award on behalf of Gov. Pat McCrory. Past recipients of the award include Maya Angelou, Bonnie Cone, Dale Earnhardt, William Friday, Billy Graham, Andy Griffith, Michael Jordan, Charles Kuralt, Doug Marlette and Bob Timberlake.

Claytor served as a CPCC trustee from 1977 to 1993 and chaired the CPCC board from 1985 to 1993. He also served on the CPCC Foundation board of directors for many years, including multiple terms as board vice president.
 
Claytor is a partner in the law firm of Baucom, Claytor, Benton, Morgan & Wood and a former president of the Mecklenburg County Bar Association.

Earlier this year, the CPCC Foundation established a scholarship in honor of Claytor. The William M. Claytor Scholarship is an annual, full-tuition grant for one CPCC student per year.
BY JOE MARUSAK
jmarusak@charlotteobserver.com
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Posted in Alumni, Announcements, Community, Foundation News, Gift Planning.