The Office of Institutional Advancement is committed to expanding the financial resources available to Paine College for student scholarships, annual budgetary support and long-term capital development. This is implemented through the following giving opportunities:
Annual Scholarship Fund
The Annual Scholarship Fund is the single most important fundraising priority of the College
because it provides direct financial support to Paine College students.
Click here for more information about the Annual Scholarship
UNCF Scholarship Fund
The United Negro College Scholarship Fund helps promising students attend college
and graduate by providing operating funds for its 38 member institutions, like Paine
College. Click here for more information about the UNCF
Scholarships are the means through which the College recruits and retains the best
students. An Endowed Scholarship exists in perpetuity, awarding funds annually from
its corpus, to a qualifying student. Often, family and friends establish endowed
scholarships in honor or memory of an individual. An endowed scholarship must have
a minimum of $15,000 in the corpus.
An endowed scholarship fund can be established through the Development Office in
order to build the corpus.
Examples of endowed scholarships at Paine College include: the James Jay Endowment
Scholarship, the Evelyn D. C. Tinsley Endowed Scholarship, the Margaret A. Pitts
Endowed Scholarship, and the Knox Foundation for Endowed Scholarship.
Endowments are assets donated by individuals or organizations to provide permanent
capital and an ongoing stream of income for Paine College. Endowments include one
or more of the following components: true endowment, term endowment or quasi-endowment,
and generally exclude life income and annuity funds.
New endowment funds provide direct support for academic and campus life initiatives
while strengthening the College's overall financial position. Paine’s endowment
also helps the College limit annual tuition increases to less than the national
average — making a high quality education affordable.
Gifts of all sizes are welcomed and appreciated. You can participate at a level
that is comfortable for you. Each gift, regardless of size, strengthens the College’s
participation rate and demonstrates.
Cash, stocks, bonds, real estate, tangible personal property (gift-in-kind) are
the suggested assets for funding. Donor transfers assets to the Paine College. Benefits
to donor are: tax deduction based on the value of the gift and avoidance of tax
on capital gain
Any negotiable gift such as cash stocks, bonds. You must send company's matching
gift form and information with your gift. Benefit to donor is tax deduction of individual
Works of art, rare books, and stamp or coin collection. Donor transfers assets to
the Paine College. Benefits to donor are: tax deduction based on value of gift,
if use is related to Paine College. If use is unrelated to Paine College, the tax
deduction is limited to the cost basis. Also there is avoidance of tax on capital
Paine College Faculty and Staff may make charitable contributions
to the following projects: Annual Fund, Capital Campaign, UNCF Campaign, and the
Paine College Lions Athletic Club through payroll deductions. To initiate a payroll
deductions please contact the Office of Institutional Development at (706) 821-8233.
The donor should indicate the total amount to be deducted monthly, the fund number,
and the name of the program being supported. Payroll deductions are made from 12
pay periods annually. Payroll deductions will continue until employment terminates
or until the employee requesting to stop the deductions submits a letter.
Planned Giving is a set of ways a donor can leave money and/or assets to the College
at his/her death; or a way to invest money so that the College receives benefits
during his/her life. This is a complex program of various financial instruments
that can be adapted to each your needs.
Paine College may occassionally hold campaigns in order to raise funds necessary for a variety of projects including the HEAL Complex Campaign and the Tom Joyner Campaign.