Make A Gift
The Sturgis Area
Community provides each donor a unique giving experience,
tailored to suit his or her situation and goals.
There are 3 basic ways to make a gift to the SACF:
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Gifts
To Our General (Unrestricted) Fund |
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Gifts
To An Existing Fund |
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Establish
A New Fund
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Regardless of the way you make a gift to the SACF,
the process can be as simple as writing a check or as
sophisticated as designing an individual estate plan*.
The following are some of the types of gifts you can make
to the Foundation:
Outright Gifts
Gifts of cash, securities, personal property or real estate
are simple and convenient ways to make a charitable contribution
and receive maximum tax advantages.
Bequests
Cash or property given through a will is usually fully
deductible for federal estate and state inheritance 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 a will.
Memorials
Gifts made in memory of loved ones are ideal ways to perpetually
remember family members, friends or colleagues.
Life Insurance
By naming the Foundation as the irrevocable owner and/or
beneficiary (full or partial) of a life insurance policy,
you can create a future fund for the benefit of others
or make a gift to the charitable fund of your choosing.
C. continued
Individual Retirement Account (IRA)
The Individual Retirement Accounts you have established
for your retirement years can later be reduced by income
and estate taxes before reaching designated heirs. By
naming the Sturgis Area Community Foundation as the plan's
beneficiary or partial beneficiary, you ensure that your
IRA or 401K assets will fully benefit your community.
Charitable Gift Annuity
With a Charitable Gift Annuity, you can make a significant
gift to the Foundation and, in return, receive income
for life.
Charitable Lead Trusts
You can name the Foundation as beneficiary of income from
a trust for a specific number of years. Ultimately, the
bulk of the trust goes to other named beneficiaries, such
as children or grandchildren.
Charitable Remainder Trusts
You can provide a lifetime of income for yourself or other
beneficiaries and leave the remainder to the Foundation.
*please consult your
financial and/or tax advisor for details on how charitable
giving through the Foundation may benefit you.
How Do I Establish a Fund?
It is very simple. Many funds can be opened the same day
you call (659-8508) and there are no special start-up
costs or fees. The list above for different fund options.
How Are Gifts Invested?
Effective stewardship of philanthropic assets is key to
the Sturgis Area Community Foundation's ability to fulfill
its mission to enhance the quality of life for all people
in the Sturgis area. Our investment goal is to preserve
and grow the real value of these assets over time. All
gifts are pooled for diversified investment and economies
of scale and to increase their charitable impact.
Are you looking for a less taxing way to give?
Giving through the Sturgis Area Community Foundation
qualifies you for big tax savings through the Michigan
Community Foundation Tax Credit. Click on the following
link to see how you may benefit: www.forgoodforever.org/calculator.htm
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You receive tax benefits
in the year your gift is made. |
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Based on the type of fund you
establish, you may be able to stay involved
in the Good works your gift makes possible. You
can recommend an area or organization you'd like
your gift to support, or rely on the foundation's
experience to determine and address the areas of
greatest need in your community. |
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The Foundation board issues
grants in the name of the fund you establish (if
you prefer, grants can be made anonymously). |
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We handle the administrative
details. |
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Your gift can be placed
into an endowment that is invested over time. Earnings
from your fund are used to make grants addressing
community needs. Your gift-and all future earnings
from your gift-is a permanent source of community
capital, helping do good work forever. |
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