The Community Foundation of Wabash County now holds more than 180 endowments that reflect the diverse giving intentions of our donors. The
total endowment assets are more than $15,000,000. The agencies, schools,
colleges, churches, businesses, and individuals establishing endowments in the Community
Foundation receive many benefits.
The fund is invested in a larger pool of assets which can lead to greater
growth, greater income, and lower investment fees.
The Community Foundation is responsible for investment
management, all accounting and financial reporting,
and the annual audit of the funds.
Your nonprofit organization receives income at preset intervals from its
portion of the total endowment held by the community foundation, thus increasing the
predictability of your organization's income flow.
Your endowment fund receives exposure in The Community
Foundation's annual report, newsletters and other mailings reaching more, and perhaps
different donors than those in your agency's current list. We also work to
inform financial planners who in turn, may be working with your donors.
All gifts to your agency endowment in The Community Foundation are
tax deductible at the highest levels allowed by law.
You have the flexibility to choose to reinvest all or
part of the income in years when it may not be needed, so the endowment can grow
further.
Small organizations may be able to offer their donors - with the
assistance of the community foundation's staff - access to more sophisticated
planned-giving devices, such as the charitable remainder trusts through which
donors often help not-for-profit organizations build their endowment.
To get started on your
charitable dream, please call us at 260-982-4824. |
