Giving
What is a fund?
An endowment fund is a financial fund designed to provide perpetual support for a specific cause or organization. It's typically a gift of money or assets that is invested, and only a portion of the earnings from those investments is used for designated purposes, while the principal is kept intact to ensure the fund's longevity.
Why partner with CFSK?
Opening an endowment fund with the Community Foundation of Southwest Kansas has several advantages. It enables communities, organizations, or individuals to further their philanthropic goals perpetually. Gifts may be cash, real estate, stocks, appreciated assets, or set up through long-term trusts within estate plans. Whether setting up a named fund, contributing to an existing fund, or making an unrestricted gift, we can all make a difference in the success of Southwest Kansas.
Tax advantages of foundation gifts
Designated as a public charity under the Internal Revenue Code, the Community Foundation of Southwest Kansas provides valuable tax advantages. The Foundation can provide the information to potential donors and their advisors about the options available to suit their planning needs.
Types of funds
Field of Interest Funds - allows donor or their representative to select or suggest charitable needs or organizations to receive distributions from their Fund.
Donor-Advised Funds - allows the donor to designate, at the time of the gift, the charity and specific project to benefit from the gift.
Designated funds - allows the donor to name field of interest needs to receive distributions from the Fund which may allow restrictions according to their desires.
Unrestricted Funds - allows the donor to give the foundation Board of Directors flexibility to review needs in the community through the grant process or other means to determine distributions for appropriate need.
Please remember that gifts of all sizes are encouraged. You can make your own meaningful contribution by joining others in contributing to any of the Foundation's funds.
A named fund in any area may require a minimum dollar amount. Please inquire for details.
How to make your gift
To make a contribution, call the Community Foundation of Southwest Kansas or talk with your lawyer or financial advisor for additional information. You can make a contribution through the Community Foundation with:
Outright Gifts are a simple, convenient way to donate and receive maximum tax advantages. Money, securities, personal property or real property are the usual gifts.
Bequests of cash or property through a will are usually deductible for federal and state tax purposes. The Foundation can also be named as the residuary beneficiary of a donor's estate, or be named in a charitable remainder trust created by the will.
Life Insurance with the Foundation as the irrevocable beneficiary of the policy allows donors an immediate tax deduction in the amount of the cash value of the policy. Insurance premiums paid thereafter by the donor are deductible as charitable gifts.
Memorials made in memory of a deceased person or in honor of living persons are generous testimonials. Creation of a memorial fund with the Community Foundation of Southwest Kansas also can be a means of achieving permanent immortalization.
Charitable Lead Trusts name the Foundation as the beneficiary of income from a trust for a specific number of years. The corpus, or bulk of the trust eventually goes to their named beneficiaries, such as children or grandchildren.
Charitable Remainder Trusts enable the donors to provide a lifetime income to themselves or a beneficiaries and leave the remainder of the estate to the Foundation.
Gift Acceptance Policy will be made available upon request.
Online giving
You can donate to one or multiple CFSK funds through online giving at any time of the year. If the fund(s) you would like to support are not listed, don't hesitate to contact the CFSK office at 620-408-4027.
Begin your charitable journey. You have a vision for making a difference in the community; we offer a variety of charitable funds focused on improving the quality of life in Southwestern Kansas. We start with your ideas and work hand-in-hand with you to roadmap an effective, individualized giving platform that is personally fulfilling and impactful.
Tax Advantages of Foundation Gifts
Designated as a public charity under the Internal Revenue Code, the Community Foundation of Southwest Kansas provides valuable tax advantages. The Foundation can provide the information to potential donors and their advisors about the options available to suit their planning needs.