Creating a Legacy

The birth of a grandchild.  A planned trip to a distant country.  The first cold snap.  End-of-the-year tax planning. Receiving an inheritance. These are but a few of the many reasons that prompt individuals to contact their professional advisors to update or create estate plans.  Whatever the reason, once the discussion begins it is important to consider the role charitable giving can play in shaping one’s legacy through thoughtful estate planning.

To help with this process, the HCC Foundation is pleased to announce the creation of its planned giving program as a service to the thousands of friends and alumni of Holyoke Community College. Planned gifts can be used to support HCC while at the same time provide for loved ones, offer advantageous tax benefits, and, in certain cases, provide income for one or more persons for a fixed term of years. Creating a legacy is a tremendous opportunity to make assets built during a lifetime available to future generations.

The Holyoke Community College Foundation has created the Frost Society as a means of recognizing individuals who have committed resources to support the future of HCC through deferred or planned gifts in their estate plans.  Such gifts perpetuate the memory of donors and continue to address the values and traditions important to them, their families, and their communities for generations to come. 

Frost Society members have made a personal commitment to the Holyoke Community College Foundation in one or more of the following ways:

• Including the HCC Foundation in a bequest provision in a will
• Naming the HCC Foundation as a beneficiary of an IRA, 401(k), or other qualified    retirement plan
• Naming the HCC Foundation as a beneficiary of a life insurance policy
• Participating in the HCC Foundation charitable gift annuity program
• Naming the HCC Foundation as a beneficiary of a charitable remainder trust

Frost Society members are recognized in the HCC Foundation’s Annual Report and at special events held in their honor.  Members receive college publications, are notified of programs and events being held at the College, and are invited to attend estate planning seminars.  Membership in the Frost Society is offered to all individuals who have made a provision in their estate plans for the Holyoke Community College Foundation, regardless of the amount. All gifts—no matter what the size—are deeply appreciated, gratefully acknowledged, and work in perpetuity to support the mission of HCC.

Private support is essential in maintaining access to quality, affordable public education for citizens throughout the region. Each year the Holyoke Community College Foundation provides a steady income stream that supplements state appropriations (less than 50 percent of the total budget) to the College’s operating funds. A strong endowment is necessary to help fund new initiatives, support tomorrow’s needs—needs that are difficult to even anticipate today—and to provide stability in uncertain economic times.

A gift to the HCC Foundation is an investment in the region and the future.

Frost Society Members

Anonymous
Patrick B. Bresnahan, III ’57
Erica A. Broman
Joanna L. Brown
Thomas A. and Marion E. Callahan
Constance A. D’Elia
Gregory R. and Nadine A. Dubreuil ’85/’88
Carl and Shirley Eger
Shirley L. Fallon
John J. and Deborah Ferriter
Maurice J. ’52 and Margaret M. Ferriter
Richard and Deborah ’71 Golas
Elaine Marieb ’80
Steve and Moira Mitus ‘80/’83
Jan Alicia Nettler
Paul D. Noreau ’93
Louis F. Oldershaw
Victor and Sue Ellen Panitch
Kathleen M. Payne
Heather D. Sabin ’93
Donald R. Taber
Victor E. Thomas
Juliette Tomlinson
Richard P. and Margaret D. Towne
Gail T. Wright ’75
Angela and Joseph Wright ’54