RegisterThursday, May 15, 2008  

"Better Living Through Giving"

Why Should You Give to your Community Foundation?
 
  1. Tax Benefits: Your contribution qualifies for maximum deductibility for income, gift and estate tax purposes.
  2. Security: Assets are managed by investment professionals according to guidelines set by The Greater Kanawha Valley Foundation's Board of Trustees who has been managing funds successfully since 1962.
  3. Accountability: Receipts and expenditures are independently audited and fully disclosed to the public.
  4. Perpetuity: Becomes part of a perpetual fund and its income continues through the years to satisfy your philanthropic purposes.
  5. Flexibility: If the original purpose of your gift becomes impractical or obsolete, there is the ability to redirect without the expense or delay of court action.
  6. Economy:  Administrative expenses are covered by a modest charge against the income of each Fund and by donations made to help meet such expenses.
 
How TO Create A Legacy
 

How To Create A Legacy

With a gift of $10,000 or more, you can create a Fund, with its own name and charitable purposes.  You have the right to name the Fund, determine the property to be given and select the type of Fund that best suits your purpose.

  • Donor-Advised: You or your appointed Advisory Committee make recommendations for distributions.
  • Donor-Designated: You name the specific charitable organization or institutions to receive distributions from the Fund.
  • Scholarship: For qualified students to further their education in a trade school, college, or university.
  • Administrative:  Distributions used to help defray the operating expenses of the Foundation.
  • Field-of-Interest:  Charitable need to be addressed is specified, but not the particular organization.
  • Unrestricted: Board of Directors have discretion & responsibility of selecting the most appropriate beneficiaries from this Fund.
 
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