Giving – For Good. For Ever.
Connecting people who care with causes that matter
Make a difference through the Community Foundation
What makes the Community Foundation unique is that we exist to assist you achieve your charitable goals We believe in the power of permanence and believe that endowments will not only make a difference in improving the quality of life for our communities now, but also tomorrow, five years, twenty-five years and a hundred years from now. By creating or adding to a charitable fund within the Community Foundation, your philanthropic work is continued “For good. For ever.”
Gifts to the Community Foundation are as varied as the donors and the needs of the community for which they are intended. Your financial, tax or estate planner, assisted by the staff at the Community Foundation, can help you select which gift best suits your situation.
Gifts to the Community Foundation are as varied as the donors and the needs of the community for which they are intended. Your financial, tax or estate planner, assisted by the staff at the Community Foundation, can help you select which gift best suits your situation.
The easiest way to donate, whether it is actually cash, a check or an online gift made through our online donation form.
Real estate or personal property may be given to the Community Foundation. Of course, all gifts qualify for a charitable tax deduction in the year the gift was made.
Appreciated securities, when donated, allow you to avoid paying the capital gains tax while providing an accompanying income tax deduction for the current fair-market value.
Naming the Community Foundation as the beneficiary and owner of an existing or new life insurance policy allows you an immediate tax deduction which usually approximates the cash surrender value of the policy. Insurance premiums paid after the transfer of the policy can be deductible as a charitable contribution.
A charitable remainder trust allows you, or someone you choose, to receive an income for your lifetime by transferring assets to a trust, which qualifies for an immediate tax deduction. The amount of the deduction varies according to the age of the income recipient. When the trust ends, the remainder is placed in a permanent fund at the Community Foundation in your name, with the annual distributions made in accordance with your wishes.
Charitable gift annuities let you make a substantial gift while retaining the right to a lifetime income. The amount of income allowed is a fixed amount based upon your life expectancy. When the income is no longer needed, the remainder supports the charitable cause you have selected.
With a charitable lead trust, the Community Foundation receives an annual payment for your lifetime or for a specified number of years. When the trust terminates, the principal is returned to you or others that you have designated.
Private foundations and/or trusts often require time and money to manage. By transferring your private foundation and/or trust to the Community Foundation, all responsibilities for reports and administrative duties will be carried out by the staff of the Community Foundation. Since the Community Foundation does not pay excise tax, more income is available to benefit your favorite charities.
No matter the amount or type of resources you choose to donate, the Community Foundation will make it possible for you to have your own charitable fund without all the red tape. It will be invested by expert investment managers and monitored by a board composed of local leaders who know your community and will honor your wishes. Ways to Give
The Acorn program allows a donor to create a permanent endowment fund over time. A minimum contribution of $100 opens the account with a commitment on your part to have it grow to the required $5,000 within five years. As resources become available, you may make contributions to your fund. Family members and friends also may contribute to your fund in the Foundation.
Anonymous gifts Not all donors wish acknowledgement for their philanthropic gifts. Some donors prefer anonymity. When that is the case, the Wabash Valley Community Foundation protects the identity and confidentiality of the donor.
