MHCC receives three big donations
The Mt. Hood Community College Foundation recently received three separate gifts from donors who named the foundation as a beneficiary of their estates.
The gifts total nearly $948,000 and will be used toward student scholarships and to support college programs, the foundation said.
"These gifts come at a time when students need it the most. The pandemic has affected their lives in many ways. Thanks to these donors and their generosity we will be able to continue to provide scholarships and emergency support to help ensure students are able to achieve their educational goals at this critical time," Al Sigala, executive director of development and district communications division, said in a statement.
Fran and Gustave Erickson of Boring donated nearly $798,000, one of the largest gifts the college has ever received. The Ericksons established a Charitable Remainder Unitrust with the Foundation in 1989.
This Trust not only provided the couple with special tax benefits but also lifetime income, the college pointed out. Gustave Erickson preceded Fran in death and Fran passed away earlier this year.
A second gift of $100,000 came from the Michael Chaney Trust. Chaney's family are longtime Gresham area residents who first started the Gresham Toyota dealership.
Carita and James Wagner of Gresham also named the foundation as a beneficiary and left nearly $50,000 to benefit students. Wagner was a former instructor at the college and taught in the horticulture program.
Planned gifts such as these make it possible for the college foundation to provide continued support to students through scholarships and updated classroom equipment, Sigala said.
Want to help?
If you would like to consider a planned gift, or simply include the Mt. Hood Community College Foundation in your will, the MHCC Foundation would be glad to discuss and provide support for that effort.
Contact Al Sigala at 503-491-7548 for more information.
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