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Midwest Writing Center Endowment Fund
We met our endowment
fund grant challenge! Thanks so much to all
of you who supported this effort. We will
continue to raise money for our endowment
fund which will enable us to continue to
provide quality programming at low or no
cost. To see the names of those who have
contributed,
click here.
Rochelle Murray, MWC
board secretary, was featured in the ILLOWA
Partnership for Philanthropic Planning
online magazine for her gift to the MWC
Endowment, click
here to
read her story!
Endow Iowa Tax Credit
All gifts to the Endowment are deductible to
the full extent of federal and state laws.
In addition to enjoying income tax
charitable deductions for your gifts, and
because the Endowment is held by the
Community Foundation, Iowa taxpayers qualify
for the 20% Endow Iowa income tax credit.
That means that donors significantly save in
taxes by making a gift to this newly
established fund.
How it Works
The Midwest Writing Center
Endowment is a separate fund within the
Community Foundation of the Great River
Bend’s total asset pool of more than $47
million. Pooling assets provides greater
efficiency, protection against fluctuations
in market value, and enhanced earning power.
All assets are under the oversight of
experienced, professional investment
managers. Each year, a portion of the
investment earnings are available for the
Midwest Writing Center to use, as directed
by its Board of Directors, to meet the
highest priority needs of the Center.
Permanent Source of
Support in Perpetuity
Gifts toward the Endowment benefit the
Midwest Writing Center, and the people it
serves, forever. Unrestricted
support is most valuable, as it allows for
changing needs over time. However, an
individual donor may establish a separate
named fund within the Center’s endowment,
and direct the support to a particular
purpose of concern to the donor. In this
way, a donor or a family can create a legacy
that will forever carry on their desired
support of the Center’s mission. Any
restrictions on a gift should be discussed
with both the Foundation and the Center to
ensure that a donor’s wishes can be carried
out.
How Can You Participate
1.
Cash:
The
easiest gift can be accomplished by writing
a check or making an online donation. Checks
should be written to: Midwest Writing Center
Endowment. Secure online
credit card gifts may be made by going to
the Community Foundation’s website at www.cfgrb.org and
clicking on “Donate Now.”
2. Gifts
of Appreciated Stock:
Gifts of stock
benefit you by saving taxes twice. In
addition to the income tax deduction for
your gift, you also avoid paying capital
gain tax on the appreciation.
3. Bequest:
Making a
bequest through your will or living trust is
a wonderful way to make a future gift.
Because each person’s situation is
different, it is best if you call the
Community Foundation and have a confidential
conversation regarding your interests.
4. Receive income from
your gift:
Some arrangements allow you
to make a gift to the center and receive
regular income from the gift. These gifts
are called “planned gifts,” and are a
wonderful way to give, and to receive. The
two most common types are charitable gift
annuities and charitable remainder trusts.
5. Gifts of other
non-cash assets:
These would include
retirement plan assets and life insurance.
6. A charitable lead trust:
...helps a donor reduce
gift and estate taxes when passing assets on
to heirs. Trust income is paid to charity
annually for a period of years; at the end
of the term, the trust principal passes to
family members.
Pledge Form
Download Printable PDF Pledge Form
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