Support a Dream
Since 1868, Bloomfield College’s life-changing academics and global reach has inspired students to succeed and make a difference. Men and women from New Jersey’s urban communities transform their education into ideas and employment.
Bloomfield College takes pride in serving at-risk populations. More than 2,000 men and women – many of whom come from New Jersey’s poorest high schools and communities – are enrolled in Bloomfield College. To reach their goal of obtaining a bachelor’s degree, these students must confront on a daily basis the realities of economic hardship, and often new and unfamiliar academic challenges, as well as family and work responsibilities.
The College’s hands-on approach and the faculty’s dedication and accessibility serve to remove the obstacles faced by these men and women and allows them to channel their time and energy into an educational investment.
The College is committed to increasing enrollment and enhancing its retention. Unlike other institutions which serve a more economically-advantaged student body, Bloomfield College spends more dollars per student in order to see them through to graduation.
Philanthropic support makes it possible to meet tomorrow’s challenges with the vision, courage and imagination for which Bloomfield College has become known.
What does my gift support?
Your gift to the Bloomfield College Fund provides direct
support for academic programs, scholarships, computer and laboratory
upgrades, faculty salaries and student services, as well as alumni
services such as reunions and On the Green, the alumni magazine.
Why are gifts needed?
Bloomfield College receives funds from three sources: tuition, appropriations
from the government, and private support. Though tuition and government
monies provide a large part of the College's operating budget, there
are always more needs than those two sources can supply — especially
with the ever-tightening crunch of government support. Gifts to the
Bloomfield College Fund meet crucial academic needs that otherwise
would simply go unmet.
Why are unrestricted gifts so important?
Because an unrestricted gift can be used wherever the need is greatest.
A gift to the College's John Doe Memorial Scholarship must be used
to fund that scholarship — even if the College doesn't have enough
lab supplies, computers, or books for this semester's classes. Unrestricted
gifts allow the College the most flexibility for the most pressing
needs.
May I specify how my gift is used?
Absolutely! You may be as general as operating costs or as specific
as for the athletic fund...and almost anywhere in between.
Where do I send my gift?
Make your check payable to Bloomfield College Fund and send
to Office of College Relations, Bloomfield College, 229 Liberty Street,
Bloomfield, New Jersey 07003 or give us a call at 973-748-9000, ext.
293 and you can charge your gift to your major credit card right over
the phone.
Can I make my gift on-line?
Yes! Just click here. It's quick and easy and starts helping Bloomfield
College immediately!
Why do you call me every year?
Our telephone contact gives us an opportunity to thank donors personally
for their financial support and to ask them to continue that support.
It also gives us the opportunity to update your records so that we
may keep you properly informed about upcoming events.
Who can take advantage of matching gifts?
If you or your spouse work for a matching gift company, you could
double or triple your gifts to Bloomfield College! Stop by your personnel
office for information on how to initiate a match. If you're not sure
whether a particular company matches gifts, give us a call.
Is my gift tax deductible?
Yes!!! Your gifts to Bloomfield College are tax deductible under
the applicable sections of the Internal Revenue Code.
Gift of Appreciated Securities
Gifts of appreciated securities can be made by contacting Kathy
Guerino, Associate Director for Development, at 973-748-9000 x369.
When is the fiscal year?
July 1 - June 30, of the following year.
Bloomfield College Giving Societies
Every gift made during the Fund Year will be recognized in the annual Honor Roll of Donors included in the fall issue of On the Green. This year the College added new levels to recognize donors with gifts of all sizes:
- Chairman’s Circle $100,000 and above
- President’s Circle $75,000-$99,999
- Charter Club $50,000-74,999
- Westminster Society $25,000-49,999
- Seibert Hall Society $10,000 - $24,999
- Talbott Hall Society $5,000 - $9,999
- Charles Knox Society $2,500-4,999
- The Quad $1,000-$2,499
- Bloomfield Club $500-999
- Deacon’s Club $250-499
- Baccalaureate Club $100-249
- Franklin Club $1-99
Gifts In Honor/Memory Of
You can make your Annual Fund gift in honor of or in memory of a family member, Bloomfield faculty or staff member, or a friend. The College will recognize these gifts in the annual On the Green listing of donors. Please indicate your intention when making your gift.
Planned Giving
An ideal gift plan should facilitate an individual's desire to make a generous gift to Bloomfield College while also making an investment that complements his or her personal financial, tax and estate plans.
Benefits of Gift Planning
Provides: income tax savings, income for life for you, your spouse, or another family member, increase your income, by reducing or avoiding income taxes and/or capital gains taxes, expert investment management, increase income for retirement and reduction of estate taxes depending on how you structure your estate plan.
Cash
A gift of cash is the simplest, most immediate way to give to Bloomfield College. Cash gifts may be given in a lump sum or pledged over time. Your cash gift is deductible up to 50% of your adjusted gross income if you itemize your deduction, and you may use any excess deduction over the next five years.
Appreciated Securities
There are significant benefits to giving appreciated stock that you have held for more than one year. You can claim a charitable income tax deduction for the full fair market value of the stock when you transfer it to Bloomfield College and your gift of stock will be exempt from capital gains taxes. Gifts of stock are deductible up to 30% of your adjusted gross income if you itemize your deductions.
Life Income Gifts
There are several ways to make a gift that will provide income to you during your lifetime. The Bloomfield College Pooled Income Fund, Charitable Gift Annuities, and Charitable Remainder Trusts all allow you to make a significant gift to Bloomfield College in the future and receive income now. You may also name a second beneficiary to receive the income for life after your death. When the last beneficiary dies, Bloomfield College receives the remainder, which you may designate for a particular fund or purpose if you wish. Funding a life income gift with appreciated securities may be a good way to transform low-yielding assets, such as stock paying a low dividend, into a higher-yielding investment. Tax deductions for each of the life income gifts are different. Full explanations, including illustrative examples are available.
Designation of Support
Any planned gift may be designated to support a specific purpose. However, it is important to realize that any restrictions you put in place will remain there forever. Therefore, it is advisable that any specified purposes should be described as broadly as possible. If you wish to leave a bequest for a restricted purpose, it is advisable to include language that allows the Corporation of Bloomfield College to apply your gift to a similar purpose if your original designation no longer exists.
Wills
If you include Bloomfield College in your will, you do not have to tell us
of your plans, but we appreciate knowing when it is included in an
individual's estate plans. This will allow us the opportunity to make sure
that the purpose of the gift will always be useful.
Please view the Donor Bill of Rights.
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