Archive for January, 2015

Ways to Give

Wednesday, January 28, 2015 @ 08:01 PM
posted by: Louise McEwan

There are different ways to give to your local community through donations to the LeRoi Community Foundation.  From named funds to occasional donations of any size, we would love to be your charity of choice.

LCF builds permanently endowed funds, and there are a variety of ways for donors to set up an endowed fund. We’d be happy to discuss your philanthropic goals with you and get the ball rolling to create your named fund.

Types of Funds

Any of the funds below can be established in your name, or in the name of your family, your organization, or anyone you wish to honor.  All grants distributed from your fund – today and in the future – are then awarded to charities in the name of your fund. It’s a great way to always be involved with, and remembered for, your community investment.

The minimum amount to establish a named fund with the LCF is $10,000. An named fund can be established with an initial donation of $10,000, or, if you prefer, you can spread that out over a three year period. You begin with an initial donation of $5000 and contribute the remaining  $5000 over  the next two years.

Five great giving options. Choose the one that’s right for you.

Unrestricted Funds. You can use your gift to meet ever-changing community 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, education, environment, health and social services, youth, and more. The flexibility of your unrestricted gift makes it possible to respond to the community’s most pressing needs, today and tomorrow.

Field of Interest Funds. You can target your gift to address needs in an important area of community life. The arts. AIDS. Aging. At-risk youth. You identify your personal interest area when making your gift; our board awards grants to community groups and programs that are making a difference in the area you select.

Designated Funds. You can direct your gift to a specific charity or issue area.  Help provide ongoing funding for a senior centre, museum, your church, or virtually any nonprofit charitable organization. You identify the recipient you wish to benefit through your gift; our staff manages the annual distribution of funds.

Donor Advised Funds. You can have ongoing involvement in the use of your gift. You work with our professional grantmaking staff, identifying ways to use dollars from your Donor Advised Fund to address the issues and needs you care about most. Your recommendations are submitted to our board for approval; we then distribute grant dollars.

Agency Endowment Funds. An attractive option for local charities that currently manage, or are interested in establishing their own endowment fund. An Agency Endowment Fund through your local community foundation makes it easy and efficient to create and manage a permanent endowment for your organization. You build the fund. We take care of the rest.

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Our post on planned giving includes a downloadable power point presentation on the benefits of gifting life insurance to charity.