western kansas alliance of community foundations:
TRANSCRIPT
Western Kansas Alliance of Community Foundations:
Working Together to Strengthen our Communities
In partnership with the
Kansas Association of Community Foundations
www.kansascfs.org
Table of Contents
What is a Community Foundation ............................... 3
What is the Western Kansas Alliance of Community Foundations ................................................................ 3
Goals of a Community Foundation .............................. 4
Types of Funds ........................................................... 5
Transfer of Wealth Study ............................................. 7
Charitable Instruments ................................................ 9
Directory of Community Foundations in Western Kansas ...................................................................... 10
What is a Community Foundation?
A community foundation is a collection of individual funds and
resources, usually given by local citizens, to maintain and
enhance the quality of life in a community.
Community Foundations work primarily with endowments. An
endowed gift is a gift that is intended to be kept permanently,
while being invested to provide interest income for a charitable
organization or cause. The actual gift itself is never spent;
instead, it remains intact for future principal growth. The earnings
from the endowment are distributed to schools, local government
agencies and nonprofit organizations according to the donor’s
wishes as stated on the endowment
fund agreement.
Contributions to community
foundations can take the form of a one-
time donation to a giver’s chosen
cause or it can be used to create new
endowed funds, which will generate
interest for the donor’s preferred charities for many years to
come. The larger the endowment grows, the more it will be able
to do to help meet your community’s ever-changing needs.
What is the Western Kansas Alliance of Community Foundations?
The Western Kansas Alliance is an informal group of community
foundation board and staff from Western Kansas that
communicates among each other on ways to improve their
communities individually and as a region, as well as work together
to promote endowment for Western Kansas causes. This group
works in partnership with the state organization, Kansas
Association of Community Foundations.
“Western Kansas Giving for
Western Kansas Causes”
Goals of a Community Foundation:
♦ To promote philanthropy and serve as a catalyst for local
giving to our schools, churches, and other local nonprofit
agencies and organizations.
♦ To multiply the present and long-term impact of charitable
donations in the community, by providing donors with
significant financial advantages, including tax benefits and
professional money management. Donations can be
acknowledged or made anonymously whichever the donor
prefers.
♦ To lead the way in improving and maintaining the quality of
life for all community residents by providing a full-range of
donor services and community grants. By doing so, community
foundations will help meet the needs of this constantly changing
community, far into the future.
♦ To work with your trusted professional advisors to devise a
way to save taxes for yourself and your family, while maximizing
your giving power to the community that you’ve spent your life in.
♦ And much more…community foundations are not a place
give money, it’s a way to give money to your favorite
charities to benefit your families, friends and neighbors, now and
into the future.
.
Community Foundations have several types of funds you can choose from to carry out your charitable wishes:
Unrestricted Fund:
Donor makes an irrevocable gift. Most flexible permanent gift made to the Foundation. The Board of Directors is given the discretion to make
grants from the annual earnings to meet a broad range of needs.
May be named for the donor or become a part of a larger pool of unrestricted, permanent gifts.
Field of Interest Fund:
Donor makes an irrevocable gift. Donor specifies the program area in which they prefer
grants be made. The Foundation or its committee chooses the specific
applicants that meet the criteria for that field of interest. The fund can be named for or by the donor or become
part of a larger pool of funds also designated for that field of interest. Examples of common ones:
o Arts, Humanities, Music, Drama, etc o Beautification/Historic Preservation o Education o Health o Youth o Others are possible ____________
Donor Advised Fund:
Donor makes an irrevocable gift. Donor actively participates by making recommendations
regarding the distribution of annual earnings. Recommendations must be advisory only and are
subject to the approval of the Foundation’s Board of Directors.
The fund can be named for or by the donor.
Types of Funds (continued): Donor Designated Fund:
Donor makes an irrevocable gift. Donor designates an agency or organization to receive
grants from the annual earnings forever. The Foundation owns the fund and retains variance
power. The fund can be named for or by the donor.
A donor who wishes others to add to the fund usually names it for the agency or organization.
Scholarship Fund: Donor makes an irrevocable gift. Donor may assist in establishing the criteria for merit,
need, or academic-based scholarship awards. The Foundation owns the fund and retains variance
power. The fund can be named for or by the donor. The donor or the donor’s family may be on the
scholarship selection committee, as long as they are the minority of the committee.
Agency Fund:
The donor of agency funds is the actual agency or nonprofit itself, with the fund benefitting that same agency.
Donor makes an irrevocable gift.
The Foundation owns the fund and retains variance power.
Some foundations allow for the agency to draw out of the principal. Please check with your local community foundation for more details.
A Transfer of Wealth study commissioned by the Kansas
Health Foundation and conducted by the Center for
Economic Development and Business Research at Wichita
State University estimates the current net worth of Kansas
residents to be $545 billion. By the year 2020, $66 billion is
expected to pass from one generation to the next. By the
year 2060, $598 billion of wealth is expected to transfer.
Transfer of Wealth Background
Following the Great Depression and World War II, the
United States entered a golden age of business growth
and personal prosperity. Americans have created, invested
and multiplied unprecedented private wealth. Over the next
50 years, this capital—a conservative estimate of $41
trillion nationwide—will change hands. Most will go to heirs
and taxes, but Kansas community foundations are leading
an effort to ensure that a portion is preserved and invested
in communities across the state.
Transfer of Wealth in our Community
The goal of community foundations across the state of
Kansas is to retain 5% of this transfer of wealth in our
counties – allowing Kansans to provide for the future of
their community in which they worked, raised their children
and shared their lives with their friends and neighbors. By
designating just 5% of your estate at a community
foundation in an endowment, you are providing generation
after generation with income for your church, school or
charities of your choice.
An Opportunity for Kansas:
If we succeed in this goal, by the year 2020, across
Kansas statewide, there will be 3.3 billion in new
endowments for Kansas communities. At an assumed 5%
payout rate, that means there would be $165 million
additional dollars each year available across the state
for our schools and community betterment projects!
This number would continue to grow over time, providing
sustainable resources for many generations to come.
Your community foundation has access to these transfer of
wealth numbers by county, so for more information specific
to your community, please contact your local community
foundation representative.
Three Ways to Participate
We encourage individuals, families and businesses in our
community to give together.
1. Designate the community foundation as the beneficiary
of your retirement account.
2. Designate the community foundation charity as the
beneficiary of a life insurance policy.
3. Ask your professional advisor to add the community
foundation to your estate plan.
We would appreciate the opportunity to speak with
you personally about how you can join us and play a
part in securing the future of your community forever.
Please contact your community foundation for more
information on the transfer of wealth statistics
specifically for your county.
Transfer of Wealth Research
Charitable Instruments
Outright Gift. A simple way to impact your community is to make a gift of cash, stocks, bonds, grain, real estate, or other assets to your community foundation. Your charitable gift qualifies for tax advantages under federal law. Bequest by Will. Designate a gift or portion of your estate to your community foundation and, in some cases, receive a substantial reduction in federal gift and estate taxes. Charitable Gift Annuity. This charitable instrument allows you to make a gift of cash or property to your community foundation now, get immediate tax benefits, and ensure that you or a loved one receive fixed quarterly or annual income payments for life. Charitable Remainder Trust. You can place cash or property in a trust that pays annual income to you (or another named beneficiary) for life. After your death, the remainder of the trust transfers to your community foundation and is placed into a charitable fund you have selected. You receive income tax benefits the year you establish your trust.
Charitable Lead Trust. Place cash or property into a trust that
pays a fixed amount to your community foundation for the number
of years you select; once this period ends, the assets held by the
trust are transferred to the beneficiaries you name. In some
cases, you receive a substantial reduction in federal gift and
estate taxes.
It should be noted that some community foundations are only
capable of offering some of these options. Check with your local
organization and financial advisors before making any decisions.
Directory of Community Foundations in Western Kansas
AREA COMMUNITIES ENRICHMENT (A.C.E.) FOUNDATION P.O. BOX 224, ATWOOD, KS 67730
The A.C.E. Foundation’s vision is to enhance economic, community, rural and overall development, improve healthcare, education, environment and recreation, and to ensure the future of our citizens and the communities in which they live.
Phone number: 785-626-3079 Website: www.rawlinscounty.info/ACEFoundation.html
ASHLAND COMMUNITY FOUNDATION P.O. BOX 276, ASHLAND, KS 67831
The Ashland Community Foundation is a way to ensure that our small community remains vital. It is our goal as a foundation to take care of the legacy that has been handed down to us. Phone number: 620-635-2207 E-mail: [email protected]
BIRD CITY CENTURY II DEVELOPMENT FOUNDATION 107 W, BRESSLER, P.O. BOX 593, BIRD CITY, KS 67731
Bird City Century II Development Foundation, an affiliate of the Greater Northwest Kansas Community Foundation, was created for the betterment of the Bird City community. The foundation has served as a community catalyst for community and economic development projects in Bird City. Phone number: 785-734-2556 E-mail: [email protected] Website:www.gnwkcf.org
COMMUNITY FOUNDATION OF ELLIS 820 WASHINGTON STREET, ELLIS, KS 67637
The Community Foundation of Ellis is a 501c(3) nonprofit organization dedicated to preserving local wealth, so the communities in and around Ellis will forever remain an attractive place to live, work, and raise a family. Our mission is to enhance the quality of life, in Ellis and the surrounding area.
Phone number: 785-726-2660 E-mail: [email protected]
Website: ellisfoundation.net
COMMUNITY FOUNDATION OF SOUTHWEST KANSAS P.O. BOX 1313, DODGE CITY, KS 67801
The mission of the Community Foundation of Southwest Kansas is to improve the quality of life in the Southwest Kansas area by providing ongoing philanthropic leadership and maintaining and enhancing the educational, social, cultural, health and civic resources of the community. Phone number: 620-225-0959 E-mail: [email protected] Website: www.communityfoundationswks.com
DECATUR COMMUNITY EDUCATIONAL FOUNDATION P.O. BOX 274, OBERLIN, KS 67749
Phone number: 785-475-3450 E-mail: [email protected]
FRONTIER COMMUNITY FOUNDATION P.O. BOX NORTON, KS 67654
Phone number: 785-874-4816 E-mail: [email protected]
GOVE COUNTY COMMUNITY FOUNDATION 107 W. BRESSLER, P.O. BOX 593, BIRD CITY, KS 67731
Gove County Community Foundation, an affiliate of the Greater Northwest Kansas Community Foundation, was created to support projects and programs in Gove County, Kansas. The Gove County Community & Economic Development Fund was established to support community and economic development programs in Gove County. Phone number: 785-754-8328
E-mail: [email protected]
Website: www.gnwkcf.org
GRAHAM COUNTY COMMUNITY FOUNDATION P.O. BOX 159, 105 E. CHERRY, HILL CITY, KANSAS 67642
The Graham County Community Foundation, founded 15 years ago, provides small grants within the community to meet Graham County community's charitable, religious, educational, and scientific needs. Phone number: 785-421-7037 E-mail: [email protected] Website: www.discoverhillcity.com/Document.aspx?id=10485
GRANT COUNTY COMMUNITY FOUNDATION P.O. BOX 1001, ULYSSES, KS 67880
Created in 2006 to serve the specific need of Grant County, the Grant County Community Foundation is an affiliate of Western Kansas Community Foundation. Phone number: 620-356-2017 E-mail: [email protected] Website: www.grantccf.org
GREATER NORTHWEST KANSAS COMMUNITY FOUNDATION 107 W. BRESSLER, P.O. BOX 593, BIRD CITY, KS 67731
The Greater Northwest Kansas Community Foundation (GNWKCF) was formed to increase exposure and opportunities for philanthropy throughout northwest Kansas and the tri-state region. In 2009, realizing the benefits to regionalization, the Bird City Century II Development Foundation created and affiliated with GNWKCF. The hope is that other communities in the region will too become a part of GNWKCF, so that “together we can build strong communities by building a strong regional community foundation to support its communities.”
Phone number: 785-734-2556 E-mail: [email protected] Website: www.gnwkcf.org
GREELEY COUNTY COMMUNITY FOUNDATION 412 BROADWAY, P.O. BOX 605, TRIBUNE, KS 67879
The Greeley County Community Foundation is a 501(c)3 dedicated to growing funds for the future of Greeley County.
Phone number: 620-376-2777 E-mail: [email protected] Website:www.greeleycounty.org/bfiles/gccommunityfoundation.html
GROWING THE VISION GREELEY COUNTY 510 BROADWAY, P.O. BOX 282, TRIBUNE, KS 67879
Founded in 2007, Growing the Vision: A Foundation for the Future of Greeley County is a tax-exempt community foundation dedicated to supporting the existing and future goals of the community. The foundation strives to support the educational, social, cultural, healthcare, economic, and recreational interests of our community.
Phone number: 620-376-2548 E-mail: [email protected] Website: www.greeleycounty.org/bfiles/growingthevision.html
HAMILTON COUNTY PUBLIC FOUNDATION P.O. BOX 61, SYRACUSE, KS 67878
The Hamilton County Public Foundation provides public service grants that will benefit residents and visitors to the city of Syracuse and the County of Hamilton. Phone number: 620-384-7875 E-mail: [email protected]
HEARTLAND COMMUNITY FOUNDATION P.O. BOX 1673, HAYS, KS 67601-1673
The Heartland Community Foundation is a vehicle for charitable giving capable of benefitting west central Kansas. The Foundation is a permanent source of charitable assets to meet emerging, as well as existing needs of the community. Phone number: 785-621-4090 E-mail: [email protected] Website: www.heartlandcommunityfoundation.org
HIGH PLAINS HERITAGE FOUNDATION 21 PLAZA DRIVE, P.O. BOX 1278, LIBERAL, KS 67905
The High Plains Heritage Foundation is a community foundation serving the high plains of Southwest Kansas and the Panhandle region. Our mission is to allow donors to sustain their heritage by investing in the future of the region through charitable giving. In addition, we hope to improve the quality of life by providing cultural & educational development for the people in our region. Our goal is to assist individuals and/or groups implement and utilize programs intended to improve the well being of the regional community. Phone number: 620-626-7733 E-mail: [email protected] Website: hphfoundation.org
HODGEMAN COMMUNITY FOUNDATION 622 BENTON, JETMORE, KS 67854
Hodgeman Community Foundation is a non-profit organization created and administered by the people of Hodgeman County. The Foundation is designed to enhance the quality of life in Hodgman County by providing funding assistance for new and on-going projects. 'Give back to the community that cares for you.'
Phone number: 620-357-8473 E-mail: [email protected]
LOGAN COUNTY DEVELOPMENT CORPORATION 212 CENTER AVE, OAKLEY, KS 67748 Phone number: 785-672-4550 E-mail: [email protected]
MORLAND COMMUNITY FOUNDATION P.O. BOX 44, MORLAND, KS 67650
The Morland Community Foundation promotes the social welfare of the community and enhances the quality of life for the citizens of the Morland community.
Phone number: 785-627-3014
NORTON COUNTY COMMUNITY FOUNDATION 105 W. MAIN, P.O. BOX 560, NORTON, KS 67654
The Norton County Community Foundation gives residents an opportunity to invest in their community through wills, trusts, life insurance and gifts. It benefits the giver, the gift is forever and every dollar is used to benefit Norton County. The Norton County Community Foundation holds Fields of Interest Funds for healthcare, youth, historic preservation, community development and recreational activities in Norton County.
Phone number: 785-874-4816 E-mail: [email protected] Website: http://www.discovernorton.com/Document.aspx?id=7639
PHILLIPS COUNTY COMMUNITY FOUNDATION 205 F. STREET, PHILLIPSBURG, KS 67661
The primary mission of the Phillips County Community Foundation (PCCF) is to preserve capital for long term charitable endowment purposes. Since 2004, PCCF has worked towards promoting civic pride and community cohesiveness, encouraging community projects of all types, raising and granting funds and providing avenues to financially support the local county and its interests. An ongoing project of the PCCF is the Entrepreneurial Center. A regional educational center that is a supporter and strong advocate to the independent small businesses as they are the cornerstone of the American economy and economic spirit! Phone number: 785-540-4110 E-mail: [email protected] Website: www.philcofoundation.com
PLAINS COMMUNITY FOUNDATION P.O. BOX 132, PLAINS, KS 67869-0132
The mission of the Plains Community Foundation is to improve the quality of life in the Plains, Kansas area by providing ongoing philanthropic leadership and maintaining and enhancing the educational, social, cultural, health and civic resources of the community.
Phone number: 620-563-9340 E-mail: [email protected]
PLAINVILLE COMMUNITY FOUNDATION 511 S. MAIN, PLAINVILLE, KS 67663
The Plainville Community Foundation was formed by a small group of caring citizens in an effort to develop a shared vision and plan of action for our community addressing many crucial rural issues including but not limited to: Housing, Health Care, Education, Recreation and Quality of Life.
Phone number: 785-434-2777 E-mail: [email protected]
SCOTT COMMUNITY FOUNDATION 303 COURT STREET SUITE 5, SCOTT CITY, KS 67871-1176
The Scott Community Foundation is a nonprofit organization dedicated to preserving local wealth so the communities in and around Scott County will forever remain attractive places to live, work, and raise a family. Phone number: 620-872-3790 E-mail: [email protected] Website: www.scottcf.org
SELDEN COMMUNITY FOUNDATION Phone number: 785-386-4231
SHERMAN COUNTY COMMUNITY FOUNDATION P.O. BOX 888, GOODLAND, KS 67735-0888
The Sherman County Community Foundation is a charitable organization dedicated to strengthening the community for present and future generations.
Phone number: 785-899-7211 E-mail: [email protected] Website: http://www.goodlandnet.com/sccf/
SHERIDAN COUNTY COMMUNITY FOUNDATION 924 SHERIDAN AVENUE, P.O. BOX 445, HOXIE, KS 67740
The Sheridan County Community Foundation encourages, prudently manages, and distributes charitable contributions to improve the quality of life of Sheridan County, now and in the future. Phone number: 785-675-1298 E-mail: [email protected]
ST. FRANCIS COMMUNITY FOUNDATION P.O. BOX 967, ST. FRANCIS, KS 67756
The St. Francis Community Foundation is affiliated with the Greater Kansas City Community Foundation. Currently there are two active funds including the New Generation Endowment Fund in which there is a disbursement of income from the fund tri-annually through an application process. The other fund is the Special Interest Fund: Senior Living in Cheyenne County. This fund will be utilized to support short and long term needs of the aged in the county with particular concern for maintenance of operating a long term care facility.
Phone number: 785-332-3142 or 785-332-8516 E-mail: [email protected] Website: https://sfcommunityfoundation.org and
https://stfrancisalumni.org
THOMAS COUNTY COMMUNITY FOUNDATION 350 S. RANGE SUITE 14, COLBY, KS 67701
TCCF The Thomas County Community Foundation (TCCF) is a 501(c)(3) organization whose mission is to endow permanent funds to improve the quality of life for all citizens of Thomas County. TCCF has over 45 funds established and has granted more than $300,000 since beginning its inception in February 2001. Phone number: 785-460-9152 E-mail: [email protected] Website: www.thomascountycommunityfoundation.com
WALLACE COUNTY COMMUNITY FOUNDATION P.O. BOX 471 SHARON SPRINGS, KS 67758
Phone number: 785-821-1284 E-mail: [email protected]
WESTERN KANSAS COMMUNITY FOUNDATION P.O. BOX 1452, GARDEN CITY, KS 67846-1452
The mission of the Western Kansas Community Foundation is to enrich western Kansas life through philanthropy, collaboration and leadership. We serve fifteen counties in southwest Kansas to support the philanthropic needs of the area. Phone number: 620-271-9484 E-mail: [email protected] Website: www.wkcf.org
WICHITA COUNTY COMMUNITY FOUNDATION P.O. BOX 135, LEOTI, KS 67861
Wichita County Community Foundation, an affiliate of the Western Kansas Community Foundation, is committed to improving the quality of life for residents of Wichita County now and in the future. Our purpose is to build permanent funds to help support community needs and provide donors an avenue to engage in charitable giving. Established in 2002, WCCF committed itself to assist the people and communities of Wichita County in a pro-active manner and to enhance overall development to insure the future of our community. Phone number: 620-375-5200 E-mail: [email protected] Website: www.wccf.us
