The Chippewa County Community Foundation provides each donor a unique giving experience, tailored to suit his or her situation and goals. Here are the basics of how to create a fund.
You make a gift to the Chippewa County Community Foundation. You can give cash, appreciated stocks, real estate, or other assets.
- The community foundation sets up a special fund in your name, in the name of your family or business, or in honor of any person or organization you choose.
- You receive tax benefits in the year your gift is made.
- Based on the type of fund you establish, you may be able to stay involved in the good works your gift makes possible. You can recommend an area or organization you’d like your gift to support, or rely on the community foundation’s experienced program staff to determine and address the areas of greatest need in the community.
- The community foundation board issues grants in the name of the fund you establish (if you prefer, grants can be made anonymously).
- We handle the administrative details.
- Your gift can be placed into an endowment that is invested and will grow over time. Grants addressing community needs will be made forever.
The Community Foundation is a vehicle for philanthropy. It does not promote any one charitable cause. Rather, its mission is simply to encourage and facilitate charitable giving in this community. You can establish a personal charitable fund in The Community Foundation with a gift of almost any sort. The proceeds are used to generate grants to charitable organizations, with your wishes being carefully observed.
The Foundation offers donors a choice of creating two basic types of funds: endowment funds and donor advised gift funds.
- The Community Foundation carefully invests your gifts to an endowment fund so that they may grow in their ability to benefit your charitable interests. Endowments may be started with an initial gift of as little as $5,000. Donors should remember, however, that it takes a substantial asset base to generate significant income for distribution. You may add to your endowment in any amount at any time. Some donors contribute to their endowment with a modest initial gift then fund it substantially through a bequest in their will.
- Endowment funds are an excellent way to assure support – both now and into the future – for charitable efforts of special interest to you. Because endowments are permanent funds, they keep giving year after year.
ENDOWMENT FUNDS may take a variety of forms:
Meeting ever-changing community needs.
When you establish an Unrestricted Fund, your gift can address a broad range of local needs – including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being: arts and culture, economic development, education, environment, health and human services, neighborhood revitalization, and more. The flexibility of your unrestricted gift enables your community foundation’s program experts to respond to the community’s most pressing needs, today and tomorrow.
Field of Interest Funds
Connecting personal values to high-impact opportunities.
By establishing a Field of Interest Fund, you can target your gift to address needs in an important area of community life. Arts, Environment, Youth. You identify your personal interest area when making your gift; our board awards grants to community organizations and programs that are making a difference in the area you select. Your gift stays flexible enough to meet community needs in your interest area – even as they change over time.
Investing in deserving students.
In creating a Scholarship, you invest in the community’s future and show students you care. The Chippewa County Community Foundation provides the expertise to help you meet your personal goals and awards Scholarships to deserving students. Your gift can help students – from preschool to postgraduate – achieve their lifetime dreams.
Helping local organizations sustain and grow.
Establishing a Designated Fund allows you to support the good work of a specific nonprofit organization – a senior center, museum, your church, or virtually any nonprofit charitable organization. Because it’s given through the community foundation, your gift provides the organization you select not only funding, but planned giving and investment management services and the power of endowment.
Endowing your nonprofit organization.
Nonprofit organizations can also establish a Designated Fund or agency endowment at the community foundation. It’s a simple and efficient way to build an endowment – and help create sustainability – for your nonprofit organization. The community foundation’s experienced staff can also help your organization develop planned giving programs and assist with investment management and administrative details.
DONOR ADVISED FUNDS
Establishing a Donor Advised Fund allows you to make a gift to the community foundation then remain actively involved in suggesting uses for your gift. You can work with the community foundation’s professional program staff to suggest ongoing uses for the fund – targeting the issues you care about most. Grant awards are issued to charities in the name of the fund (or anonymously if you prefer). It’s a simple, powerful and highly personal approach to giving.
High impact, high involvement, low hassle.
A Supporting Organization is an excellent alternative to a private foundation – with only a fraction of the administrative responsibilities. You select some of the board members, maintain personal involvement, and support the causes you care about most while enjoying the favorable tax treatment of a public charity. Leave investment management, startup costs, grant administration, and reporting to the community foundation.
Turn what you have into charitable good.
You can make a gift of cash, stocks, bonds, real estate, or other assets to the Chippewa County Community Foundation. Your charitable gift qualifies for maximum tax advantage under state and federal law.
Gift of Real Estate
A charitable gift unearthed.
Making a charitable gift of real estate through the Chippewa County Community Foundation can help you turn your property gains into community good. The value of your real estate may exceed that of any other asset you own. With the help of the community foundation, you can use it to fulfill your charitable interests and receive financial and tax benefits.
Gift of Life Insurance
Community as your beneficiary.
Life insurance provides a simple way for you to give a significant gift to charity, with maximum tax benefits that you can enjoy during your lifetime.
Gift of Appreciated Stock
Turning stock market gains into community investment.
Everybody wins when you make a gift of appreciated stock to the Chippewa County Community Foundation. Your gains are put to good use. Your gift of stock is reinvested in your community, and it qualifies for an immediate tax deduction equal to the full market value.
The simplest way to make a big difference.
You can make a gift of cash, stocks, bonds, real estate, or other assets to your community foundation. Your charitable gift qualifies for maximum tax advantage under federal law.
Bequest by Will
A legacy of giving.
Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make this gift through the Chippewa County Community Foundation, we establish a special fund that benefits the community forever, and becomes your personal legacy of giving.