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Custer County Foundation
403 South 9th
PO Box 304
Broken Bow, NE 68822
Now is the time to invest in Nebraska's future!
Make a planned gift.
Make a difference.
Make your tax bill smaller.
In 2006, when the new state Charitable Tax Credit became effective, Nebraska became one of the few states in the US to offer a tax credit to individuals and businesses for charitable giving. The tax credit not only delivers attractive tax savings for nebraskans, it also encourages support for many of the charitable organizations that work to address pressing community needs throughout the state.
The Charitable Tax Credit is schedule to "sunset" by 2010 so now is the time to take advantage of this unique statewide program.
The Custer County Foundation greatly appreciates the donations that have helped us grow. Managing those funds left in our charge is one the Custer County Foundation accepts with pride. Pride in serving the donors by meeting the priorities you stipulate for your gifts. Pride in being able to add to the quality of life we enjoy here in Custer County. The Foundation provides each of us with the opportunity to support local community initiatives through one county organizatin that benefits all.
Our steady growth is driven by your generosity, ideas, and beliefs that the Custer County Foundation can make a difference in the lives of the people who live and work in Custer County. The Foundation exists because of your desire to give back to the community where you have lived, prospered, worked and played.
You can be a part of the Custer County Foundation. Your dream of sharing the good life can come true by establishing a fund in your name, in the name of your business, or in the name of someone you wish to honor or memorialize. The Foundation accepts both restricted gifts and unrestricted contributions. Come in and find out what best suits your dream.
Ways of Giving:
- Outright gift. You can make a gift of cash to the Custer County Foundation. Your charitable gift qualifies for an income tax deduction and could avoid capital gains tax.*
- Securities, Real Estate orPersonal Property. When you give mutual funds, bonds, publicly traded stocks, real estate, or property that has (1) risen in value and (2) has been owned by you long enough to be considered long-term capital gain property, you generally will not incur tax on the increase of value. In addition, you benefit from a deduction for the full value of the security, real estate, or personal property on the date of the gift...not the lesser amount you paid for the asset. You may choose to reserve real estate or personal property for your life use and give your home, farm, equipment, jewelry, ranch, etc., to the Foundation at the time of your death. Giving an appreciated asset such as securities, real estate, or personal property helps you give more to the Foundation and your community at a lower cost to you.
- Life Insurance. Most families' needs for life insurance change over the years. Children grow, mortgages are paid, and other investments may provide income and security. You may choose to name the Custer County Foundation as a beneficiary to receive all or a portion of your policy's pproceeds. Or, you may take out a new policy, naming the Foundation as a beneficiary. Current and possibly future tax benefits can result from such a gift.
- Bequests. A gift to the Custer County Foundation can take many forms, ranging from a cash legacy, to specific personal or real property, to a share of your estate. You can make a bequest for a designated charitable purpose within your communtiy, you may leave your donation to the Foundation's undesignated funds, or you may establish a scholarship to honor and pay tribute to a family or individual.
- Retirement Plans. It is ordinarily a simple process to name a charitable beneficiary to receive all or a portion of an Individual Retirement Account (IRA), profit sharing plan, and/or qualified employee pension plan. If you would like to place the Custer County Foundation as a beneficiary of your retirement plan(s), contact your employer or the person in charge of your retirement plan.
- Charitable Gift Annuity. You can make a gift os cash or property to the Custer County Foundation now, get immediate tax benefits, and ensure that you or a loved one receive fixed quarterly or annual income payments for life.
- Charitable Remainder Trust. You can place cash or property in a trust that pays annual income to you (or another named beneficiary) for life or a fixed number of years. After the termination of the trust, the remainder of the balance transfers to the Custer County Foundation and is placed into a charitable fund supporting the cause(s) of your choice. You receive income tax benefits the year you establish your trust.
- Charitable Lead Trust. You can place cash or property into a trust that pays a fixed amount to the Custer County Community Foundation for the number of years you select. Once that period ends, the assets held by the trsut are transferred to the beneficiaries you name. In some cases, you can receive a substantial reduction in federal gift and estate taxes.
Questions on Giving
What kinds of endowment funds can be developed within the foundation?
- Field of Interest Funds. A field of interest fund can be designated to meet your specific interest such as arts, education, health care, or programs for the youth or the elderly.
- Designated Funds. Designated funds support a specific charitable organization within Custer County such as teh Boy Scouts, 4-H, Prairie Pioneer Center, or one of the County's public schools.
- Scholarship Endowment Fund. A scholarship can be established to honor and pay tribute to a family or individual. Guidelines for creating scholarships can be as general or as specific as a donor or donors desire. The amount of the award depends on the annual interest an endowment receives.
- Unrestricted Funds. Funds can be given to be pooled with other undesignated funds for the broad charitable purposes of the Foundation.
Why give through the Foundation instead of directly to a charity?
- Option of establishing one fund to benefit multiple purposes;
- Maximum tax benefits;
- Flexibility in the types of assets that can be gifted;
- Guaranteed long-term adherence to the donor's wishes;
- Professional management of funds;
- Record keeping convenience;
- Confidence of fund integrity through sound leadership and financial audits.
How can I help?
- Arrange a bequest to the Foundation in your will.
- Make gifts in memory of deceased persons or in honor of living persons.
- Establish within the Foundation a fund bearing your name, or the name of the one you wish to honor.
- Give money, securities, personal property or real property.
- Make the Foundation the beneficiary of a life insurance policy.
- Transfer assets to the Foundation from a private Foundation and retain identity of name and purpose.