Fund Choices That Suit You
You can establish a fund in your own name or in the name of someone you
want to honor. Almost any charitable purpose can be served through a variety
of funds. Most funds are managed as perpetual endowments which means that
only the net income (no principal) is regularly disbursed. Other funds
disburse principal at the suggestion of the fund's advisors.
There are four types of funds the Community Foundation administers.
Unrestricted Funds provide money
which is awarded in grants by the Foundation's Board of Directors. It is
a flexible way to meet a broad range of community needs as determined by
Field of Interest Funds are tied to a
general area of interest and not to a specific organization. Donor
suggestions and other criteria are used to choose grant recipients.
Donor Advised Funds allow you or your
representatives to suggest what charitable cause should receive money.
The recipients of donor advised funds can represent the individual
donor's interest in that they are not restricted to a specific
geographic area. However, by law, the Board of the Foundation must make
the final choice.
Designated Funds allow donors to
designate at the time of the gift which named charity, agency or
specific project will benefit from the gift.
Please remember that gifts of all sizes are encouraged. You can make your
own meaningful contribution by joining others in contributing to any of the
A named fund in any area may require a minimum dollar amount. Please
inquire for details.
How to Make Your Gift
To make a contribution, call the Community Foundation of Southwest Kansas
or talk with your lawyer or financial advisor for additional information.
You can make a contribution through the Community Foundation with:
Outright Gifts are a simple,
convenient way to donate and receive maximum tax advantages. Money,
securities, personal property or real property are the usual gifts.
Bequests of cash or property
through a will are usually deductible for federal and state tax
purposes. The Foundation can also be named as the residuary beneficiary
of a donor's estate, or be named in a charitable remainder trust created
by the will.
Life Insurance with the Foundation
as the irrevocable beneficiary of the policy allows donors an immediate
tax deduction in the amount of the cash value of the policy. Insurance
premiums paid thereafter by the donor are deductible as charitable
Memorials made in memory of a
deceased person or in honor of living persons are generous testimonials.
Creation of a memorial fund with the Community Foundation of Southwest
Kansas also can be a means of achieving permanent immortalization.
Charitable Lead Trusts name the
Foundation as the beneficiary of income from a trust for a specific
number of years. The corpus, or bulk of the trust eventually goes to
their named beneficiaries, such as children or grandchildren.
Charitable Remainder Trusts enable
the donors to provide a lifetime income to themselves or a beneficiaries
and leave the remainder of the estate to the Foundation.
Tax Advantages of Foundation Gifts
Designated as a public charity under the
Internal Revenue Code, the Community Foundation of Southwest Kansas provides
valuable tax advantages. The Foundation can provide the information to
potential donors and their advisors about the options available to suit
their planning needs.
208 W.Wyatt Earp Blvd, Ste 200 -
P.O. Box 1313
Dodge City, Kansas 67801-1313
Phone: 620-225-0959 or 620-225-8945 - Fax: 620-225-4946