What are the financial benefits and tax advantages of gifting through the Columbus Area Community Foundation?

The federal tax code provides significant incentives for contributions to a community foundation. As a 501(c)(3) organization, donors are allowed the maximum charitable deduction for contributions. Qualified Charitable Distributions to the Foundation are a great tool to help reduce taxable income.

How will funds be invested?

CACF works through the Community Foundation of Southeast Kansas to pool investments with Graystone Consulting, a division of Morgan Stanley. The benefit of these combined, professionally managed investments results in lower fees and better returns for fundholders.

What does the Columbus Area Community Foundation do?

The Foundation professionally manages and distributes assets from charitable gifts and bequests in a manner consistent with the donors’ interests.

How do I set up a fund?

Donors can create several types of funds within a community foundation. They can set up an unrestricted fund to help meet a variety of needs within the community, or can designate a purpose or area of concern, such as education, health care, the arts, youth, etc.

How can I give to the Foundation?

There are numerous ways to make a contribution. The most basic options include cash, securities, and real estate. Gifts to the Columbus Area Community Foundation may be made at a surprisingly low cost by giving real estate or securities, which have appreciated in value.

How do you apply for a grant?

The Columbus Community Foundation will provide a grant application upon request. Grant requests are reviewed and awarded regularly. For more information about the Columbus Area Community Foundation, call 620.231.8897 or visit SoutheastKansas.org.

Can I give anonymously?

Yes. Donors who request anonymity can be assured their request will be respected.

Explain the difference between a private, family foundation and a Community Foundation.

Does this have importance for taxes? Community Foundations combine the tax advantages of a public charity with the lasting quality of a private foundation.

Where do you get the money you donate?

Donors to community foundations range from people of relatively modest means to those with large financial resources. By establishing a fund within a community foundation, donors can contribute their gifts of cash and appreciated property toward permanent endowments or non-endowed funds.

CALENDAR

Friday, June 30 •All-School Reunion begins today: •Registration at State Theatre Event Center, noon-5 p.m. and 7 p.m.-10 p.m. • Tours of the new addition to the school will be conducted at 3 p.m. •Dinner (must have pre-registered) will begin at 6 p.m. followed by official welcome by...