for kossuth county. for good. for ever. sm. t w a h is a community foundation?
TRANSCRIPT
For Kossuth County.
For good. For ever.SM
tw ahis a community foundation?is a community foundation?
people connected by geography… and to each other
communitycommunity
foundationfoundation
a platform for growth
a platform for building community
foundationfoundationcommunitycommunity
We are an affiliate Community Foundation with the Community Foundation of Waterloo/Cedar Falls and
Northeast Iowa. We are created by and for Kossuth County.
We are here to help our donors do good work… forever
A community foundationA community foundationhas three special features.has three special features.
o enpersonalized servicepersonalized service
Personalized servicefeature
one
› Educate people on charitable giving vehicles
› Customize giving approaches to match personal interests and tax planning needs
› Facilitate complex forms of giving
› Share knowledge on community needs
› Grantmaking expertise and administrative services
› Help people create personal legacies via named funds
› Offer involvement in recommending uses of a gift
› Provide the option to give anonymously
Creating solutions that fit every situation
t owlocal expertiselocal expertise
Local expertisefeature
two
Making a difference where it is needed most
Arts and cultureEconomic developmentEducationEnvironment
HealthHuman servicesRecreationNeighborhoods
› Gather information and track local agencies and programs
› Direct grants and resources to appropriate areas
› Local organization with local committee members
› Knowledge of community issues, opportunities,and resources
› Monitor all community needs…
eet rhcommunity leadershipcommunity leadership
› Act as a community catalyst
› Support high impact opportunities
› Are led by a committee of individuals with strong ties to our community
› Foster development of new organizations and programs
› Re-direct funds as community needs change
› Build endowments to ensure grants are always available to support the community
Community leadershipfeature
three
Our business is building community
of endowments
power Did You Know?
If you create an endowment at the
Kossuth County Community
Foundation worth $25,000 today, in
25 years you will have given Kossuth
County $46,172 dollars in grants and
your endowment will be valued at
$69,257.Gift and grant values assume an 8.5% growth in the market and grants of
4% annually.
eet rht ow
o enlocal expertiselocal expertise
personalized servicepersonalized service
community leadershipcommunity leadership
A bit of background.A bit of background.
1914 First U.S. community foundation established in Cleveland, Ohio
today Over 700 community foundations in the United States
› Serving citizens across the nation
› More than $30 billion in assets
› More than $2 billion in local grants each year
› And growing!
2004 Kossuth County Community Foundation was established by a group of local leaders.
foundation
facts A brief history
our
affiliation How it works
The Community Foundation of The Community Foundation of Waterloo/Cedar Falls and Northeast Waterloo/Cedar Falls and Northeast
Iowa handles all of the administrative Iowa handles all of the administrative responsibilities of the Kossuth responsibilities of the Kossuth
County Community Foundation. County Community Foundation. This includes accepting gifts, This includes accepting gifts,
assisting with paperwork, handling assisting with paperwork, handling thank you’s, and helping us to thank you’s, and helping us to
promote the fund through various promote the fund through various publications and initiatives.publications and initiatives.
The Kossuth County Community The Kossuth County Community Foundation has our own Foundation has our own
Committee structure to make Committee structure to make recommendations for funding, etc. recommendations for funding, etc. We are also able to accept gifts of We are also able to accept gifts of
all types and are a qualified all types and are a qualified community foundation!community foundation!
our
affiliation How it works
We are affiliated with the Community Foundation of Waterloo/Cedar Falls and Northeast Iowa, a qualified community foundation which:
› Manages more than 230 funds benefiting Northeast Iowa
› holds over $23 million in total assets, $20 million of which is endowed.
› grants approximately $1.9 million annually and has given a cumulative total of over $19 million since their inception in 1956
our
factsInvolved community leaders:
Our Local Committee
Kirk HayesChair
Allan BoykenVice Chair
Maureen Elbert Secretary/Treasurer
Kristie A. Brown
Gregg Buchanan
David Fenchel
Bruce Jensen
Ellengray G. Kennedy
Pat Lucas
Don McGregor
Mary Noonan
Pat Reding
Tools for giving.Tools for giving.
› Unrestricted FundMeeting ever-changing community needs
› Field of Interest FundAddressing needs in an important area of community life: arts, AIDS, aging, at-risk youth...
› Designated FundDirecting gifts to specific agencies or purposes(e.g., scholarship)
› Donor Advised FundInvolving donors in the use of their gift
for giving
tools Charitable funds
You can create a named fundin any of these categories.
› Outright Gifts Give cash, stocks, real estate or other assets
› Bequests Designate a portion of an estate
› Charitable Gift Annuity Annuity contract pays client for life and charitable fund commences grants upon death
› Charitable Lead Trust Trust pays the community foundation a fixed amount for a number of years and then assets go to beneficiary
› Charitable Remainder Trust Trust pays beneficiary for life and then assets transfer to community foundation
› Retirement Plans, Insurance
for giving
tools Charitable instruments
We accept a wide variety of assets.
t nereasonsreasonspeople choose to givethrough community foundations
reasonsten People choose to give
through community foundations
1 We are a local organization with deep roots in the community
5 We accept a wide variety of assets, and can facilitate even the most complex forms of giving
4 Donor Advised Funds help people invest in the causes they care about most
3 The Kossuth County Community Foundation provides highly personalized service tailored to each individual’s charitable interests
2We work with professional staff at the CFW/CF&NEIA who have broad expertise regarding community issues and needs
reasonsten People choose to give
through community foundations
7 We offer maximum tax advantage under state and federal law
10 We are a community leader, convening agencies and coordinating resources to create positive change
9 We build endowment funds that benefit Kossuth County forever and help create personal legacies
8 We multiply the impact of gift dollars by pooling them with other gifts and grants
6 The Kossuth County Community Foundation partners with professional advisors to create highly effective approaches to charitable giving
Two simple thoughts.Two simple thoughts.
forms of philanthropy in the United States today.
fastest-growingCommunity foundations are among the
under which she will never sit, then you know
that civilization has come to that land.
Greek philosopher
plants a treeWhen a person
For Kossuth County.
For good.
SMFor ever.
To learn more, call (319) 287-9106Or locally contact Maureen Elbert at 295-7979
For Kossuth County.
For good. For ever.
SM
© 2002 Council on Foundations and Community Foundations of America