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Ways To Give

Meeting the changing needs of our community by fostering a culture of local philanthropy.

Ways to Give2022-04-19T18:55:31-05:00
  • Give Now

Cash is an easy and convenient way for you to support worthy causes. You may either start a fund or add to an existing fund.

Our Community Foundation will liquidate the securities and no capital gains tax is paid on the appreciated part of the gift.

We can accept almost any type of real property as a gift – a personal residence, farmland, vacation home, parcel of land – and eliminate the expense to you of managing or selling it. These gifts require specific procedures to accept and process, so please contact us in advance.

Designate Our Community Foundation as the owner and irrevocable beneficiary of a life insurance policy, and you can enjoy an immediate tax deduction as well as deductions on future premiums.

  • Give Later

Making a gift through your will is easy and may reduce your taxable estate. With this type of gift, you maintain control over your assets now and support the charities that matter to you later. You can designate a gift of a specific dollar amount, a percentage of an estate, or the remainder of an estate after other bequests are made.

If you hold a qualified retirement plan, you can name the Foundation as a beneficiary of the assets and leave a more sizable legacy for Daviess County’s future.

Our Community Foundation accepts a variety of gifts: Real EstateCashLife InsuranceStocks & BondsMutual FundsBequestsRetirement Accounts

Establishing a Fund

Three easy steps

1. Establish a charitable fund with Our Community Foundation by making an irrevocable donation and signing a Fund Agreement. Funds can be established with gifts totaling $10,000 or $25,000 for scholarship funds.

2. Your fund may be established with cash, publicly traded securities, closely-held stock, mutual funds, real estate, retirement accounts, insurance policies, planned giving tools, or a combination thereof. A gift may also be made through a bequest in your will.

3. Name the fund as you wish.

As a Community Foundation donor, you have the flexibility to create and shape your own charitable fund to reflect your personal goals and desires. We offer many different types of funds, each of which has distinctive goals.

An Unrestricted Community Fund allows Our Community Foundation to make grants to a variety of community programs and services that address community needs. If you care deeply about Daviess County, this is a great way to give back to the community. These funds are flexible community resources that can respond to changing and emerging needs.

Operating Funds help make charitable giving education available to our community and support the Community Foundation’s continuing operations.

A Field of Interest Fund gives you the opportunity to target your contribution to one or more fields of interest that you care about most such as education, youth, health, the arts, etc. These funds are broad in scope yet targeted to meet the needs of the community.

A Designated Fund allows you to name one or more charitable organizations to benefit from the fund.

An Agency Fund is a fund established with Our Community Foundation by a nonprofit organization. The Agency Fund allows the organization to take advantage of the Community Foundation’s investment management and frees the organization from related administrative work.

A Donor Advised Fund makes it possible for you to consolidate your charitable giving into one vehicle. Once the fund is established, you may recommend grants at any time to any 501(c)(3) public charity. When you establish a Donor Advised Fund, you retain the ability to recommend which organizations are to receive grants from it.

A Scholarship Fund enables you to help deserving students. You can designate any level of education, a field of study, and eligibility requirements within parameters established by the IRS. All scholarship awards to individuals are made on an objective, nondiscriminatory basis from a pool of persons chosen based on criteria reasonably related to the purposes of the fund from which the grant is made.

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