What is a community foundation?
A community foundation is a tax-exempt pubilic charity created by and for the people in a specific geographic area. It enables people with philanthropic interests to easily and effectively support the issues they are about- immediatley or through their estate plans.
Who runs the Steuben County Community Foundation?
Our Board of Directors, civic- minded leaders who serve as volunteers, establishes policies governing operations. Board members are chosen for their professional expertise and understanding of community issues. Day-to-day activities are carried out by a dedicated and professional staff.
Does SCCF utilize volunteers?
How can I give to the community foundation?
Donors may give to existing funds or establish a charitable fund by contributing a variety of assets. Community endowment funds, allow gifts to grow and be leveraged with other gifts, allowing larger grants with greater impact. Donors may also recommend grants through their own funds to charitable, 501c(3) organizations they want to support.
What is a fund?
An ideal opportunity for you to create a legacy for you, your family, and your community. SCCF offers donors the ablility to name, contribute, and decide the purpose of the fund. For information on starting a fund contact Jennifer Danic.
I always thought foundations were for affluent people.
Can I give a small amount through SCCF?
Yes, you can support any of the 200+ funds held at SCCF at any time. However, there is a $5,000 minimum to establish a new named fund. (The minimum to establish a new scholarship fund is $10,000). Click here to donate now!
How can I check the status of my fund?
A financial statement of the funds performance is mailed or emailed to all donors on an annual basis. You may contact our office anytime by calling (260)665-6656 or by sending us an email to check the current status of your fund.
What are the advantages of using a community foundation?
First and foremost, a commnity foundaiton represents simplicity. Your local community foundation acts as a "one-stop shop" for all your charitable giving needs. Gifts to a communtiy foundation also recieve the maximum tax advantages for income, gift, and estate tax purposes. A community foundation can also be very flexible in that they can receive unique assets including grain and collectibles. Finally a community foundation offers permanence, ensuring your gift and legacy will last forever.
May I have my financial advisor work with you?
Yes, at SCCF we encourage donors to work with a financial advisor becuase a professional advisor assists clients in achieving their philanthropic goals or plans for their final estate. Financial advisors have the ability to walk clients through tax implications or other goals of their estate. SCCF is happy to work with a Financial Advisor to fulfill a donors wishes.
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What is the minimum amount needed for starting a new fund?
The minimum amount needed is $10,000. Call 260-665-6656 for more information regarding beginning a new fund.