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Published byMatthew Rich Modified over 6 years ago
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An Affiliate of the Greater Salina Community Foundation
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What is a Community Foundation?
501 (c)(3) charitable organization A pool of endowment funds Principal is invested and the interest is used for charitable grants A charitable “savings account.” A vehicle that connects people who care with causes that matter
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Our mission is: “to build permanent endowment funds
and meet charitable community needs.”
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“A charitable endowment is a fund which is kept in perpetuity to provide earnings for the benefit of a charitable cause.” “Endowments are created to secure the future of organizations by ensuring there will be resources available.”
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What is the benefit of an Endowment?
Creates an ongoing source of income Enhances stability and credibility Relieves pressure on a charity’s annual fundraising Allows program expansion Provides independence Builds pipeline of future gifts
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An endowment fund is established with a gift from a generous donor.
How Endowment Works A charitable endowment is a fund which is kept in perpetuity to provide earnings for the benefit of a charitable cause. An endowment fund is established with a gift from a generous donor. Through prudent fiscal management by the Foundation, the endowment fund grows and produces investment income. The principal is held in perpetuity, while a percentage of the investment income is paid out each year.
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$99,000,000 Will transfer from one generation to the next
in Osborne County from Over $108 million will transfer in the next decade.
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Estate wealth is handed down from one generation to the next.
Transfer Of Wealth Estate wealth is handed down from one generation to the next.
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Keep 5 in Kansas 5% Annual Grants 2064 Osborne County $99 million $4.95 million $247,000 $535 million Keeping just 5% in the county through the community foundation could mean up to $4.95 million that would go back into communities by 2020. Just imagine the possibilities!
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$35,000 $18,600 $15,500 Power of endowment YEAR 50 YEAR 25 YEAR 15
endowed fund $51,000 in cumulative grants YEAR 50 $18,600 endowed fund $19,000 in cumulative grants YEAR 25 $15,500 endowed fund $10,000 in cumulative grants YEAR 15 YEAR 1 $10,000 endowed gift Power of endowment Assumes 5% annual payout with a 1% administrative fee and a 8.5% rate of return
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“All affiliates are part of the same corporate entity under the Greater Salina Community Foundation.”
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Great Salina Community Foundation - GSCF Quick Facts
12 regional affiliates throughout north central and northwest Kansas First affiliate joined in 2001 (Smoky Hills Charitable Foundation-Ellsworth County) Manage over 600 funds Current assets exceed $150 million Distributed over $65 million in grants on behalf of our donors Ranked #1 in investment returns in 2014 by Council on Foundations Accredited by National Standards since 2007
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Dane G. Hansen Foundation
Matching Initiative The Dane G. Hansen Foundation has pledged to donate $1 for every dollar raised for the Osborne County Community Foundation, up to $50,000 during this campaign. (Maximum $5,000 per individual.)* This is a unique opportunity to establish endowed funds for the Osborne County Community Foundation which will benefit current and future generations. *Campaign Deadline: February 28, 2017
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Levels of Giving Founder * $5,000 or greater Leadership Level
$1,000 - $4,999 Supporter Level Up to $1,000 *Only contributions of $5,000 or greater in February 2017 will be considered Founders Campaign Deadline: February 28, 2017
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Thank you for your pledge!
Make your tax deductable contribtions to: Osborne County Community Foundation P.O. Box 85 Osborne, KS Campaign Deadline: February 28, 2017 Thank you for your pledge!
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