Frequently Asked Questions
Below you’ll find answers to the most commonly asked questions about the Foundation. If you don’t find the answer you’re looking for, please contact us as 507-433-0630 or foundation@riverland.edu
Is Riverland Community College Foundation a registered 501(C)(3)?
Yes, Riverland Community College Foundation is a nonprofit, tax exempt 501(c)(3) corporation that is structurally separate from the College and governed by an appointed Board of Directors.
What happens to my gift?
When you make a gift, you can choose how you want it to impact Riverland. We’ll send you a receipt confirming your gift. If you make an unrestricted gift to the Student Success Initiative Fund, the Foundation will use your gift in an area of highest priority to make an immediate impact. Honoring our donors’ intentions is of the utmost importance to the Riverland Community College Foundation. We want to make sure you’re able to make an impact in an area you’re passionate about.
Can I make a pledge of ongoing support?
Yes! Making recurring gifts is an awesome way to gradually increase your impact on Riverland over time. It’s easy to set up monthly withdrawals from your credit card or bank account. Get started online or contact our team.
Can I give to my favorite department or program?
Absolutely! It’s important to us that you’re able to contribute to a cause that matters to you. Use our online giving form to enter your area of interest under “other.”
What are Riverland’s Highest Priorities?
There are lots of opportunities to make an impact at Riverland. If you give an unrestricted gift, we’ll apply it to the college’s highest priority projects through the Student Success Initiative. These are determined by the Advancement Team in collaboration with our Board of Directors and Riverland leadership.
Are all gifts tax-deductible?
In addition to making an impact at Riverland, you may be able to receive tax savings for your gift. We recommend consulting with your tax advisor and attorney to determine the best strategy for you. We’ll provide a receipt indicating the value of your gift for your records.
If you make a gift of tangible property like livestock, grain, machinery, or works of art, you may be able to not recognize ordinary income tax as you would if the property was sold.