Every day you make choices about how you use your money. We want to help you think about the choices you make related to your charitable giving and take your giving to the next level — to make your philanthropy as personal, meaningful and fulfilling as possible.
Giving to the Community Foundation is easy and doesn’t require great wealth. No matter how much you give, your philanthropic strategy will be meaningful when it is aligned with your values, life experiences, interests and desire to make Grant County a community where every person can reach full potential.
With endowed funds supporting a variety of Grant County causes, every gift plays a part in connecting people, resources, and causes to promote sustainable impact towards the betterment of Grant County. You can make a connection today by donating to one of our 400 charitable funds.
There are many options to choose from when giving to the Community Foundation of Grant County. Whichever option you choose, your gift will help to improve the quality of life in Grant County forever. You can start supporting our community now with an outright gift of these options listed below:
The easiest way to give and may qualify for maximum allowable income tax deductions. You can donate cash online or by mailing a check. Be sure to download a copy of our donation envelope to inform us on how to apply your gift and to send a memorial or honorary tribute.
Donations may be made to any of the many funds already existing. Or, a new fund may be established in memory of an individual who has passed away or in honor of a special event or occasion. We will place their name on the Giving Tree and notify the family or recipient of your special gift. You can also view these names on the Grant County Giving Tree listed under Giving.
Donating stock is almost as simple as calling your financial advisor! This is especially important if you have a Required Minimum Distribution (RMD) that you’d like to donate directly to charity. Use this stock transfer form, or contact us for instructions about how to move the stock. It’s one of the easiest ways to give!
You receive a charitable tax deduction of the current value with every stock or bond donation. If the securities have appreciated in value since purchased, long-term capital gains tax is avoided.
Tip: Donate highly appreciated stock to avoid capital gains tax, and enjoy tax deduction of up to the fair market value.
If securities are highly appreciated, a charitable contribution of them may allow the donor to deduct the full market value and thus avoid capital gains tax on the appreciation.
Real Estate may be given at appraised value, with prior Community Foundation approval and acceptance, so that the donor can receive a full charitable deduction and avoid capital gains taxes. In most cases real estate will be liquidated.
Did you know that you can purchase an insurance policy, name the Foundation as the beneficiary, and receive a tax-deduction for the annual payments. It’s true. Life Insurance can be used to create a major gift at relatively low cost to the donor. If the community Foundation is named owner or beneficiary of a new or existing policy, the donor receives a tax deduction. Additional premiums paid through the Foundation are also tax deductible, and proceeds pass to charity, free of estate tax. The future benefit to the Foundation will be equal to the face value of the policy.
A charitable gift of ordinary income property (grain) creates the ability to exclude that portion of income on your tax returns. In order to be IRS compliant, you must transfer the grain to the foundation before the sale. Transferring grain is simple: a dollar amount or number of bushels can be designated at the grain elevator by filling out an easy form and notifying the Community Foundation. You will receive a letter confirming your charitable contribution to a qualified tax-exempt 501(c)(3).
If you find that your elevator or tax preparer is not familiar with the process, give us a call and we will connect with them for you.
Many of the gifts we receive come in the form of end-of-life bequests, small and large, from caring donors like you, who wish to create a legacy in their community. In creating an end-of-life gift, you have chosen to support your community and the causes you care deeply about long after your lifetime. The ways to give listed below work well as charitable vehicles in your estate plan, each offering unique advantages including tax benefits, and many do not reduce current income.
A bequest of cash, securities, or real estate can significantly reduce the taxes otherwise payable by your estate. The value of the bequest will not be subject to estate taxes. Your heirs benefit and, if a Fund is established, your good work in the community will continue permanently in your name, a living symbol of your charitable intentions.
If you’ve already created your will, add an appendix or codicil, naming the Community Foundation and your gift. Download our sample bequest language below.
Many individuals with sizable estates wish to take care of their children and grandchildren. However, they worry about the effect of estate taxes on the size of their loved ones’ inheritance. Setting up a Charitable Lead Trust can take care of charitable interests as well as family.
You can donate part of your estate to a trust now with the income going to charity for a designated number of years. When the trust ends, the assets are passed on to designated beneficiaries, thereby reducing estate taxes. Support is given to the charity during all of the in-between years, and beneficiaries receive much more than they would have otherwise. Certain Lead Trusts also make it possible to pass value to future generations at greatly reduced tax levels.
IRAs, 401(k)s, 403(b)s, 457(b)s, Section 408 Plans, Keough Plans and Pension Plans are examples of assets that can be big tax targets, making them favorable candidates for charitable contributions. If these assets are passed on to heirs, they are heavily taxed. Naming the Foundation as beneficiary of a retirement plan removes the asset from the donor’s estate and reduces inheritance taxes. Another option is to add the Community Foundation as the second beneficiary, after your spouse, or as a percentage beneficiary of your retirement plan.
Leaving a bequest (property given by will) is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends, or the Community Foundation as part of your estate plan.
Sample Bequest Language
I give to The Community Foundation of Grant County, Indiana, Inc., a not-for-profit corporation organized under the laws of the state of Indiana and located in Marion, Indiana, ___________ percent (_____%) of my estate OR the sum of $_________________ OR all my right, title, and interest in the following described property: _____________________________ OR all rest, residue, and remainder of my estate to be used for the following purposes: _____________________________________________________________________________________________________________
Our legal name is The Community Foundation of Grant County, Indiana, Inc.
The Community Foundation is an IRS nonprofit corporation under the laws of the State of Indiana.
Our tax identification number is 31-1117791
It’s easy, convenient, and simple. In fact, establishing a fund can be done in less time than it takes to open a bank account. If you’re thinking about starting a fund here at the Community Foundation, we’d love to hear from you. Just give us a call at 765-662-0065 and let us know what charitable cause you would like your fund to support.
We take care of all the administrative and grantmaking activities, eliminating the need for you to set up a separate foundation, formulate policies, file innumerable forms, and monitor the status of grant recipients. We save you precious time and money.
Starting a fund at the Community Foundation is simple. Just let us know what charitable cause you would like your fund to support and we’ll take care of all the paperwork. You give it, we grow it, and your fund grants it back into our community.
A donor-advised fund exists when a donor or a person or committee appointed by the donor, recommends eligible charitable organizations for a grant from the fund. However, the Community Foundation’s Board of Directors must be free to accept or reject the recommendations. This is a simple, powerful, personal approach to giving.
Unrestricted funds are not specifically designated to a particular use by the donor; therefore grants can be made as current needs arise. Unrestricted funds allow us to respond quickly to our community’s needs and to address issues as they emerge. If you do not have a particular charitable field of interest and do not want to be involved in the details of grantmaking, donating to our unrestricted fund is a perfect choice.
Field-of-Interest funds held by the Community Foundation is used for a specific charitable cause such as youth, health, or domestic violence. If you have a particular charitable passion, but do not want to be involved in the details of grantmaking, consider donating to a field-of-interest fund. We manage field-of-interest funds in several areas—arts, environment, healthcare and mental health, human services, basic needs, and at-risk women and girls—and call for grant proposals from nonprofit agencies to guide our funding in these areas.
Designated funds allow the donor to specify that the fund’s income or assets be used for the benefit of a specific public charity as named in their legal fund agreement. Designated funds are a way you can provide a steady, long-term source of income to nonprofit agencies that you care about.
Agency funds are established by a nonprofit agency for the benefit of that nonprofit agency. This is similar to a designated fund, but is established by the nonprofit, not an individual donor. As nonprofits build their donor base and their reserves, an agency fund at the community foundation is a sign that they viably seeking donations for longevity and sustainability.
This type of fund is established to provide support to individuals who are pursuing some professional or training opportunity at an accredited school. Grants of this type are awarded to student’s bursar’s account at their educational institution of choice and can be used for tuition, fees, and books.
When companies, organizations, families or individuals establish a scholarship fund with us, they give deserving students the opportunity to pursue academic dreams. Establish a legacy, honor a loved one or give back to your community or your alma mater. We will work with you to create, establish criteria for, and administer your fund.
With this type of fund, a promise is made to plant an Acorn with an initial gift of $100. You will have 5 years to reach the required minimum fund balance of $5,000. Once this goal is met, the Acorn Fund will be considered a mature permanent endowment that will impact a charitable cause in our community, forever. At this time, you will also name your fund and choose which charitable cause or organization you would like the fund to impact in Grant County.
Just as a tiny acorn grows into a mighty oak, your Acorn Fund will grow in its impact on the community based on the criteria you establish, year after year…forever.
Endowed Funds are permanent, they remain in the fund forever. All of the money donated to an endowed fund will be invested along with the rest of the endowed funds held by the Community Foundation in order to earn income. Currently, four and one half percent (4.5% of the average fund balance can be spent annually for the charitable purposes stated in the fund agreement.
Non-Permanent Funds can pass through the Community Foundation immediately or can be held in a temporary fund awarding a special project, fundraiser or, event.
The Community Foundation’s most recent 990 and audited financials are available online at GuideStar.com, at the Community Foundation office (505 West Third Street, Marion, IN 46952), or by contacting our CFO, Sherri Rush at Sherri@GiveToGrant.org.
If you would like to know more about our gift and fund acceptance policies, please contact our office directly: 765-662-0065.
Philanthropy is based on voluntary action for the common good. It is a tradition of giving and sharing that is primary to the quality of life. To assure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the not-for-profit organizations and causes they are asked to support, we declare that all donors have these rights.
At the Community Foundation, we maintain information on volunteers, donors, and potential donors for the purpose of keeping accurate financial records and providing information about the Community Foundation. We do not share information on donors or potential donors with anyone outside our organization without the permission of the donor.
Do you need to find out about the benefits and fees for both Endowed Funds and Pass-Through Funds? Which one is best for you? The Fund 411 will help to answer all of your questions.
The following policies and guidelines govern acceptance of gifts made to or for the benefit of any of the Community Foundation funds or programs.
HERE’S THE SIMPLE ANSWER:
Because we will help you invest wisely in the causes you care most about. Giving is a deeply personal act. We treat it that way, making sure that your giving experience is tailored specifically for you.
10 REASONS WHY DONORS CHOOSE COMMUNITY FOUNDATIONS AS VALUED PARTNERS:
We enable you to broaden your giving by building on The Community Foundation of Grant County’s philanthropic expertise.
We provide highly personalized service tailored to each individual’s charitable and financial interests.
We are a local organization with deep roots in the community.
Our program staff’s knowledge on community issues and needs is available to donor’s on request.
Our donor-advised funds help people invest in the charities they already care about, and learn about new causes to support.
We accept a wide variety of assets, and can facilitate even the most complex forms of giving.
We offer maximum tax advantages under state and federal law.
We multiply the impact of gift dollars by pooling them with other gifts and grants.
We offer permanence to donors, through endowment funds and multi-generational involvement.
We are a neutral community leader convening agencies and coordinating resources to create positive change.
Consider giving a gift to one or more of the funds established by individuals, families, businesses and organizations that want to help our community thrive.
If giving to one of these funds is the right option for you, but you don’t know which fund to choose, we can use our knowledge and expertise to help you identify one that matches your interests. Please don’t hesitate to call us at 765-662-0065.
Make a donation now using your credit card, debit card,
or PayPal account with our secure online system.
Community Foundation of Grant County
505 West Third Street
Marion, Indiana 46952