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FOUR WAYS TO GIVE TO CONSIDER AT YEAR-END 2020 has been a year full of unique challenges, difficult conversations, and new adventures. As the year comes to a close, The Community Foundation invites you to consider making an end-of-the-year gift to support the causes that matter most to you. We always appreciate your gift to The Unrestricted Fund of The Community Foundation, or a complete list of funds can be found online at cfmdin.org/funds.
HOW CAN I MAKE A GIFT AT YEAR-END? APPRECIATED STOCK
CHARITABLE GIFT ANNUITY
At year-end, I could gift some shares of appreciated stock I’ve held for a year to The Community Foundation. My income tax deduction is the stock’s fair market value, far less than my out-of-pocket cost for that stock.
If I am older, I could use a matured CD, a retirement plan distribution, or matured savings bonds I’ve redeemed to fund a charitable gift annuity (“CGA”). A CGA often provides higher than market income for life to me and another older person, with an income tax deduction, too. The Community Foundation can provide calculations showing how a CGA could work for me.
IRA DISTRIBUTION
REAL ESTATE
If I am 70 ½ or older with an IRA, I could ask my IRA plan custodian to send a check from my IRA directly. That IRA distribution to charity will not be included in my taxable income, making my customary annual gift pre-tax, and count towards my required annual minimum distribution.
If I have real estate, like rental properties or farms, or a business that I am considering disposing of, I could ask The Community Foundation about charitable plans that can be funded often pre-tax with part or all of such appreciated assets, providing income to me and my spouse, children, or siblings.
Please consult your financial advisors for specific questions regarding your tax situation. To learn more about the different ways to give at The Community Foundation, contact Kelly K. Shrock, president, at 765-747-7181 or kshrock@cfmdin.org.
2020 FOURTH QUARTER COMPETITIVE GRANTS THE FOUNDATION AWARDS 10 GRANTS TOTALING $96K We are pleased to announce that $96,151 has been awarded to 10 nonprofit organizations during the final Quarterly Competitive Grant cycle of 2020.
ecoREHAB of Muncie received $25,000 to
Alliance for Strategic Growth
resident driven projects from the 2021 8twelve Coalition Action Plan and for the coalition management platform.
support a sixteen-week training course that will provide ten individuals with technical and soft skill training in the building industry.
8twelve Coalition received $10,000 for
received $12,000 to support remote and socially-distanced workshops focusing on soft skills and employment skills for the unemployed and underemployed in Muncie and Delaware County.
Huffer Memorial Children’s Center
Animal Rescue Fund received $7,800
Muncie Sports Commission received
to provide veterinary services at the ARF PAW spay, neuter, and wellness clinic.
Ball State University received $1,000
for signage and consumables needed at the Community Design Center, a community planning storefront located in the Muncie Mall.
Christian Ministries of Delaware County received $10,000 to keep families in their homes as they face eviction or utility disconnection.
received $6,851 to purchase and install playground equipment.
$9,500 to jump-start rebranding efforts including website development and marketing.
Ross Community Center received
$10,000 for a weekly community market, emergency food pantry, innovative youth and adult programming to enhance lifelong learning, and community services.
Youth Symphony Orchestra of East Central Indiana received $4,000 for
operations, including music education for students in Delaware County.
Fourth Quarter Competitive Grants have been awarded from The Unrestricted Fund of The Community Foundation and the following funds: Gary Addison Fund, Stefan and Joan Anderson Unrestricted Fund, Bassett Family Fund, Pat and Jane Botts Fund, Jane Harrell Buckles Fund, Patrick and Marilyn Cleary Fund, Ron and Cheryl Fauquher Fund, John and Janice Fisher Unrestricted Endowment Fund, Mike and Cathy Galliher Fund, Gayle and Jeannine Harrold Fund, Jane E. Hughes Fund, Roni Johnson Fund, KAKATU Foundation/David and Joanna Meeks Fund, Laura Stanley Keppler Fund, Jeff and Beth Lang Fund, LEAP Managed IT Fund, John and Katherine Littler Fund, Michael O. and Nicole T. Lunsford Fund, Midwest Metal Products Fund, Bill and Nancy Mitchell Living Well in Delaware County Fund, Jon and Barbara Moll Fund, MutualBank Charitable Foundation Fund, Ontario Systems-Wil Davis and Ron Fauquher Fund, Jim and Mary Rosema Fund, Shafer/Muncie Power Products Legacy Fund, Jeanne and John Smith Fund, Jeanne and John Smith Unrestricted Fund, Nancy J. Smith Fund, Daniel and Catharine Stewart Fund, Charles and Claudia Sursa Unrestricted Named Endowment Fund, David and Mary Jane Sursa Fund, Gary and Amy Thomas Fund, Wayne E. and Carolyn K. Thomas Fund, Joseph and Janet Wilson Unrestricted Endowment Fund, Faye Wingate Fund
