Fairview/Bethel University Scholarship Fund

How your gift benefits FMC students Fairview Missionary Church gives up to $1,000 annually to our students attending Bethel University.  FMC’s gift of $1,000 is matched by Bethel.  That is a total of $2,000 a year from FMC and Bethel. Over a 4-year college experience, that is $8,000.
How your gift benefits YOU!
State Tax benefits for Individuals/Couples
Indiana College Credit CC40 You, as an Indiana taxpayer, will receive a tax credit equal to 50% of your contribution to Bethel University. This means that a $400 gift to Bethel University yields a $200 tax credit; a $200 gift yields a $100 credit; a $100 gift yields a $50 credit and so on. In other words, you will be reimbursed for half of your gift, not by the College which puts your money to good use – but by the State. Taxpayers filing singly receive half these amounts. To take advantage of this opportunity you must use the Indiana Department of Revenue Form CC-40 when filing your state income tax return.

Corporations Indiana Corporations may receive a maximum tax credit of $1000 on gifts of $2000 or more. Corporations may receive 50% credit on gifts, not to exceed 10% of the company’s adjusted gross income tax, or $1000.

Federal Tax Deduction In addition to the Indiana tax credit, a contribution to Bethel University may also result in a federal tax deduction. Generally, to qualify for a federal tax deduction, you must itemize deductions on the Federal Tax Form 1040 (long form). The amount of the deduction is based on your income and the amount of your contribution. The federal tax deduction, unlike the state tax credit, is computed as a reduction in your taxable income and therefore, ultimately, the amount of taxes you owe.

Checks MUST be made payable to BETHEL UNIVERSITY and given to the FMC office.

Bethel University – Official university of The Missionary Church