To meet the current and future needs of Olympic College, the Olympic College Foundation is dependent on the financial support of alumni, family of alumni, businesses, and friends of the College. You can help by:
- Supporting on-going needs through our Annual Giving Program (see details below)
- Becoming a member of the President's Circle (see details below)
- Planning for the future through Planned Giving opportunities (see details below)
Annual Giving Program
Giving to this fund supports an array of on-campus programs and activities. Under the direction of its Board of Directors, the Foundation uses these funds to award grants to College needs most deserving of support. Unless otherwise specified, gifts at our annual fundraising events support the annual giving program. Gifts to the annual fund may be made at any time, just call (360) 475-7120 to make a gift or mail to the Olympic College Foundation, 1600 Chester Avenue, Bremerton, WA 98337.
Join us on Monday, October 14, 2013, for the 18th annual Olympic College Community Luncheon. Hear from students and community leaders about the impact Olympic College is making in our community, enjoy a delicious lunch and entertainment provided by Olympic College students! Then join in the effort to support program excellence at Olympic College by making a gift of $125 or more. Corporate sponsorship opportunities are available for this event. For more information, call (360) 475-7120.
Auction & Brunch at Anthony's Restaurant, Bremerton
Join us on Sunday, March 2, 2014, for a delicious brunch prepared by Anthony's just for Olympic College Foundation guests! Each year's event has a fun theme, with entertainment, a silent auction, and a live auction with terrific items! Corporate sponsorship opportunities are available for this event. For more information, call (360) 475-7120.
Matching gifts are an excellent way to double or even triple the value of your gift. Simply check with your employer to see if they match charitable gifts by their employees. Usually, it only takes a simple form, obtained from your company's personnel office. Fill it out, mail it to us, and we'll take care of the rest!
If you can give more, the President's Circle (comprised of donors giving $1,000 or more annually) is a way to be a role model for others. The President's Circle program offers an opportunity to influence the scope and quality of education at OC through annual gifts and active participation in the college community.
The future is of prime concern to the Olympic College Foundation. Our goal is not only to support quality educational opportunities for students today, but tomorrow as well.
Endowment giving offers a rewarding gift opportunity by providing predictable revenue in perpetuity for student scholarships or the ongoing support of a program or faculty position. An endowment is a fund designated for a specific purpose and established in perpetuity. Generally, the initial gift amount is kept intact and a portion of the earned investment income is used for the designated purpose.
By establishing or contributing to an existing endowment fund you can have the satisfaction of knowing that your gift will continue to benefit Olympic College--and the community--for years to come.
Named endowed funds are a special way to pay tribute to a beloved member of your family and/or special friend. With a contribution of $25,000 or more, donors may establish a named endowed fund. Contributions of less than $25,000 may also be made with the intent to endow the fund over time. Donors may be involved in determining the criteria and/or participate in the award process as they desire. For more information about creating an endowed fund or about contributing to an existing fund contact the Olympic College Foundation at (360) 475-7120.
Establishing a Named Endowed Fund-Creating a Legacy
Contributing to an Existing Endowed Fund
The Foundation holds a number of endowed funds previously established by supporters of the College. Other interested individuals and/or organizations may contribute gifts of any size to the principal of these existing funds to support the designated purpose:
- Charlotte Thompson Magelssen AAUW-Kitsap Branch Scholarship Endowment
- David Bearden Music Scholarship Endowment
- Edith M. Gideon Scholarship
- Faye Bichon Memorial Scholarship Endowment
- Glen H. Butler Memorial Scholarship Endowment
- Haselwood Library Endowment
- Herbert H. Goodman Memorial Merit Scholarship Endowment
- Howard Truant Scholarship Endowment
- J.S. & Clara Kenyon Memorial Scholarship Endowment
- John F. Snypp Memorial Scholarship Endowment
- McBride/Eckstrom Scholarship
- Patterson-Dominy Scholarship Endowment
- Progress Grange #304 Scholarship Endowment
- Sloan Myers Memorial Scholarship Endowment
- William & Jane Miles Scholarship Endowment
Before a Foundation's assets can do good, they need to do well. Olympic College Foundation's financial assets are expertly managed for a return consistent with protection of principal and capital growth. As fiduciaries, the Foundation's Board of Directors is responsible for directing and monitoring the management of the Foundation's Endowment Fund assets. For more information call the Foundation office at (360) 475-7120 and request a copy the Foundation's Statement of Investment Policy, Objectives and Guidelines for the Endowment Fund.
The Olympic College Foundation Endowed Fund
Under the direction of its Board of Directors, the Foundation uses these non-designated funds to award grants to College needs most deserving of support. A very important resource, this fund enhances the Foundation's ability to meet new and pressing needs in the College community.
The Olympic College Foundation Endowment was established in 1997. The intent for these funds is to remain in perpetuity and provide support to Olympic College's mission and enhance the educational opportunities available at the college. Under the guidance of the Foundation's Board of Directors, the Fund accepts gifts from individuals, families, estates, businesses and others that share these same goals.
Endowment Fund History
The Endowment Distribution Policy reflects the fundamental objective of preserving and enhancing the Endowment resources of Olympic College Foundation, both now and in the future. In general, annual distributions of endowment funds are based on 5 percent of the three-year average of each individual endowed fund's market values (determined each year on 12/31). Once individual funds reach the minimum endowed amount of $10,000 or more, it is the Foundation's policy to invest the funds for a minimum of 12 months prior to their inclusion in the annual distribution formula. For more information call the Foundation office at (360) 475-7120 and request a copy the Foundation's Statement of Investment Policy, Objectives and Guidelines for the Endowment Fund.
If you choose to make a gift to Olympic College Foundation that will benefit the organization at some future date, please let us know. Not only will we be able to express our sincere appreciation now, we will also be able to better plan for the future with the knowledge of your intent.
Our Legal Name
For the transfer of gifts to Olympic College, the legal name "Olympic College Foundation, a Washington not-for-profit organization" should be used.
For More Information
The Olympic College Foundation does not provide tax advice. Whatever your giving plans, we encourage you to consult your attorney, accountant, and/or other financial adviser about gifts of money, life insurance policies, property or securities, or gifts through bequests. However, for more information about giving opportunities or programs of Olympic College, please contact us at:
Olympic College Foundation
1600 Chester Avenue
Bremerton, WA 98337
(360) 475-7120 phone
(360) 475-7125 fax