Siouxland Community Foundation

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ADDRESS
505 Fifth Street
Suite 412
Sioux City, IA 51101
712-293-3303

Confirmed in Compliance
with National Standards for
U.S. Community Foundations

BECOMING A DONOR

Chances are you already support the organizations and causes you care about by giving to them directly. Creating a charitable fund within the Community Foundation will continue your giving today as well as make an impact for years to come. We invite you to create a fund that is customized to your assets, your wishes, and your personal and financial goals.

HOW TO CREATE A FUND

Creating Your Legacy
Individuals, families, private foundations, and businesses can use the Community Foundation as their vehicle for charitable giving. The Community Foundation provides assurance that all funds will be professionally managed and used for the purpose(s) intended. Establishing a fund is easy and simple to accomplish.

1. CHARITABLE GOALS – Discuss your overall charitable goals with your family members or business associates and legal or financial advisors.

2. DECIDE WHEN TO GIVE – You can create your fund now, establish it in your will, or create it through a trust arrangement that benefits your family as well as charity. You may give in honor of a loved one, colleague, or friend, to celebrate an anniversary or special event, or to support the needs of your community today and tomorrow. Tax deductions are earned at the time of the gift, while grants awarded from your endowed fund continue into the future.

3. DECIDE WHAT TO GIVE AND HOW MUCH – Almost any kind of asset can be used to start your fund, such as cash, securities, real estate, life insurance, tangible personal property, and private foundation assets. Other options include designated or residual gifts through bequests, trust arrangements, and retirement plans.

4. CHOOSE THE NAME FOR YOUR FUND – Many funds are named for the donor or the donor’s family, while others are a named memorial for someone special. Organization and corporate funds bear the name of the entity establishing the fund. All grants from the fund bear the fund’s name. If you prefer anonymity, you may choose a name that reflects your fund’s charitable purpose.

5. DETERMINE WHO WILL BENEFIT FROM YOUR FUND – The purpose of the fund and who benefits may be defined as broadly or as narrowly as you desire. For example, you may choose to designate one or more charitable organizations, or a specific geographic area. Maybe you would prefer to benefit students pursuing post-secondary education or training. Or maybe you would like to establish a personal or corporate giving program to help meet a wide range of community needs.

6. CHOOSE A TYPE OF FUND – Select which type of fund offered by the Foundation would be best suited to carrying out your charitable interests and degree of involvement the good works your gift makes possible.

7. MEET WITH FOUNDATION – Meet with us to discuss your plans, ask questions, explore gifting and fund options, and to review necessary documents for establishing the fund.

8. CREATE THE FUND – Signing of the fund agreement signifies that your fund has been established and is ready to receive current or deferred contributions.

When you create a charitable fund through the Community Foundation, you have the opportunity to benefit the community forever with a permanent endowment. Your gift(s) 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 – allows you to do good work forever. Our board will then issue grants in the name of the fund you establish (if you prefer, grants can be made anonymously). The Siouxland Community Foundation handles all the administrative details.

There is so much more we'd like for you to know. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact the Siouxland Community Foundation.

Learn more about...

Types of Funds
Ways to Give