Types
of Funds
Donor Advised Funds
Community Investment Funds
Field of Interest Funds
Designated Funds for Individuals
Designated NPO Funds
Scholarship Funds
Support Organization
Start Your Own Fund
Current CCCF Funds
General Fund
Personal Endowment Fund
Brunswick School Fund *
Brunswick Library Fund
Jeremy Reed Fund *
Keytesville Swim Club
Northwestern School Fund *
Salisbury Golf Assoc Fund *
Salisbury School Fund *
Coach E Fund
William Hollis Memorial Golf Fund
CCCF New & Activities
Current Activities
Donations
Scholarships
and more.
Who We Are
Who is CCCF?
Board of Directors
History
Contact Us
Q & A
Home Page
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How do
I start
my own fund...
-
Decide how you
would like to make the contribution to establish the fund. You
can contribute cash, securities or other property valued at $5,000 or
more.
-
Select a name
for your fund. You might want to use your own name, the name of a
family member or one that focuses on the fund's intent.
-
Designate
successor advisors, such as your children, who can make grants from
the fund after the death of the donors.
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Complete and
sign a simple affiliation document.
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Receive a tax deduction at the time the fund is established and when
additional contributions are made to the fund.
Once your fund is established, you may:
Whether your giving capabilities are modest or
monumental, a community foundation can customize a personal fund
account of lasting value and impact. Grants made from each component
fund are given in the fund’s name to nonprofit organizations located
anywhere in the U.S.
Like its national counterparts, the Chariton
County Community Foundation is a fully tax-exempt public charity
formed to serve a wide range of donors concerned about quality-of-life
issues, locally and throughout the country.
CCCF is governed by a cross section of Chariton
County leaders, and our funds are currently invested with a diverse group of
money managers. An annual fee of 1.5% is charged quarterly against each
fund’s asset balance. Investment management fees are presently 1.5%
annually.
Donors receive a quarterly statement reflecting
that quarter’s beginning balance, investment income, appreciation
(or depreciation as the market dictates), contributions, grants and
closing balance.
Schools, churches, hospitals, museums, orchestras,
operas, theaters and parks are some of the beneficiaries of
donor-advised grants. Grants are processed monthly on the basis of
donor recommendations. After establishing a fund account, a donor uses
a one-page form to recommend each grant award. Grants are restricted
in only two ways: the recipient must be a nonprofit organization and
the donor may not benefit from the funds awarded.
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Tax Benefits --
Gifts and bequests made to CCCF result in a
charitable tax deduction of up to 50% of adjusted gross income for
cash gifts and up to 30% for property gifts, compared to tax
deductions of only 30% and 20%, respectively, with private
foundations.
- Simplicity
--
A gift creates a "charitable savings
account" and the investment income from the account can be used
to make grants to other nonprofit organizations.
- Efficiency
--
Unlike a private foundation, there are no
start-up costs, annual IRS filings or excise taxes. Plus, CCCF
fulfills the associated fiduciary responsibilities for the donor.
- Permanence and Continuity
--
Since they can name advisors to their fund, donors can
involve family members in philanthropy, thereby passing the
"philanthropic gene."
- Flexibility
--
The Community Foundation is cognizant of changing
conditions within the nonprofit sector in the Chariton County community and
can be consulted in directing grants to qualified organizations that
best meet the donor’s goals.
- Recognition
--
Each grant transmittal letter credits the
donor’s fund account as the source of the grant. In cases where the
donor wishes to remain anonymous, the Chariton County Community Foundation will honor
the donor’s wishes.
WAYS TO GIVE
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Cash
-- The donor receives a full tax deduction for each
gift to establish or add to a fund in the year it is made.
Philanthropic decisions can be made at the donor’s discretion, using
a simple grant recommendation form, which is presented to the CCCF
Board of Directors for review.
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Marketable Securities
-- Funds are often created or increased with
appreciated securities – stocks or bonds that are now worth more
than when they were acquired. Payment of capital gains tax is avoided,
and the donor receives the maximum allowable tax deduction for the
full market value of securities when the contribution is made.
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Charitable Bequests
-- Any portion of an estate’s assets may be
designated for the creation or enhancement of a fund at the Chariton
County Community
Foundation. The fund continues doing good work in the donor’s name
through a permanent legacy of philanthropy – carefully managed and
handled by CCCF according to the donor’s directions.
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Life Insurance
-- CCCF can be named as the beneficiary of life insurance
policies, and the donor receives an immediate tax deduction, usually
in an amount equal to the cash surrender value. Community needs will
be met in the donor’s name and within the fund’s parameters as
established by the donor.
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Other Assets
-- Almost any asset can be contributed to create a
fund. Community foundations have been successful in creating funds
with assets such as:
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Restricted securities (144 or 145 stock)
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Non-publicly traded securities
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Real estate
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Interests in family limited partnerships
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Charitable remainder trusts (annuity or unitrust)
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Charitable lead trusts
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Conversion of a private foundation
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Distribution of a private foundation’s 5% giving requirement to
a CCCF fund
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Designating CCCF as beneficiary of an IRA and/or 401K plan
Thank you for
visiting our web site. We invite you to visit again soon.
\
Types of Funds \ Current
CCCF Funds \ CCCF News \
Who We Are \
\ Contact Us \
Q & A \ Home Page \
Chariton County
Community Foundation
P O Box 14, Keytesville, MO 65261
Phone: 660-288-2223
Fax: 660-288-2224
E-mail:
cccf@charitoncounty.org
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