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WHY GIVE TO THE COMMUNITY FOUNDATION?

Benefits of Giving

Because we encourage private giving for the public good, Southern Colorado Community Foundation brings together people who require assistance and people who are in a position to give. Southern Colorado Community Foundation has the vision, experience and skills to build our region's legacy of caring.

Permanence:  A gift to Southern Colorado Community Foundation will continue to benefit the community in perpetuity.

Flexibility:  Giving programs may be established for unrestricted purposes, enabling the Community Foundation to respond to future needs that cannot be predicted today.  Giving may be directed to a particular field of interest, for a variety of specific organizations, or to individuals for scholarships. The possible forms and timing of gifts to your endowment are flexible enough to meet a variety of tax and estate planning objectives.

Simplicity:  One contribution can address a number of different needs and can benefit any number of charitable organizations in our area.  You can be spared the burden of dividing appreciated securities among several recipients, investigating numerous requests, monitoring programs, and record keeping.

Tax Savings:  The Community Foundation is classified under federal tax laws as a public charity. You will enjoy maximum tax advantages for income, capital gains, gift, and estate tax purposes.

Public Accountability:  The Community Foundation makes a full accounting to the community through annual reports which include financial statements certified by independent auditors.

Professional Management:  The Community Foundation provides sound investment management, and economies of scale are realized, as many gifts are pooled for investment purposes.  You can be assured that your charitable giving has the greatest impact in your community, both now and in the future.  Because the Community foundation is managed to maximize dollars for grant making, administrative costs are kept to a minimum.

HOW CAN I GIVE?

You can give now. You can give in the future.
 
Many contributors to the Southern Colorado Community Foundation have found that planning the form and timing of their gifts enables them to support their community generously, while enhancing their present quality of life and preserving their estates for family and friends.  Gifts to the Community Foundation offer maximum tax advantages and take a variety of forms.  It is always advisable to consult closely with your tax advisors on your specific circumstances.

Cash: A cash gift is the simplest and most convenient means of sharing in the work of the Community Foundation.  Cash allows you to write a check at any time.  Cash gifts qualify as a charitable contribution for federal income tax purposes and are fully deductible up to 50% of adjusted gross income in the year of the gift.  Deduction amounts exceeding this limit may be carried forward for up to five additional years.

Appreciated Securities: Gifts of appreciated securities, stocks, bonds, and stock in closely held companies may also be used to create a fund at the Community Foundation or to add to an existing fund.  By transferring the bonds or stock to the Community Foundation, you may completely avoid capital gains tax, while securing an income tax deduction for the full current fair market value, equaling up to 30% of adjusted gross income in the year of the gift.

Real Estate: A gift of real estate yields a deduction for the full market value of the property and avoidance of capital gains.  A gift of real estate carries the additional benefit of the option to retain the right to live in a residence which is contributed.

Deferred or planned gifts can play an important role.  Tax and estate planning can make possible a substantial contribution for the benefit of the community.  Some deferred gifts offer the benefit of a current tax deduction in exchange for the commitment of funds to a charitable purpose.  The result may be an increase in current income for you and another beneficiary.  At a later date, the gift will perpetuate your charitable intent.  There are many attractive arrangements for giving in the future, including:

Bequests: In your will you can include gifts to the Community Foundation in the following forms: a gift of cash, stock or property, whether specific or by percentage; a gift of real estate, whether developed or undeveloped; a gift in trust to benefit family members during their lives, with principal conveyed to the Community Foundation at their passing; or a gift of the remainder of an estate when other specific bequests have been fulfilled.

Charitable Lead Trusts: With a charitable remainder trust, you make an irrevocable transfer of assets to the Community Foundation.  You receive, in return, a lifetime of interest income for specified beneficiaries, you, your spouse, children, or friend. Thereafter, the Community Foundation receives the assets representing the gift.  Such vehicles include charitable remainder unitrusts and charitable remainder annuity trusts.

Life Insurance: There are several ways you can give through life insurance.  You may give a policy already owned, assign the dividends as a gift, or name Southern Colorado Community Foundation as a beneficiary.  In addition to estate tax benefits, you also gain an income tax deduction.

HOW WILL MY GIFT BENEFIT OTHERS?

Fund Options

The Southern Colorado Community Foundation offers a wide range of fund options to accommodate your particular interests and levels of charitable involvement.  You may establish a fund which reflects your personal charitable wishes.  This fund can be created in your name, in the name of a loved one you wish to memorialize, or in the name of a cause or area in which you deeply believe.  You may also add any amount to an existing fund.

Unrestricted Funds:  These funds give the Community Foundation both the resources and the flexibility to address the ever-changing needs facing the people and institutions of our region. Donors who wish to leave a legacy to their community can establish an Unrestricted Fund by bequest and know that their gift will be used to respond to community needs unforeseen during their lifetime.

Unrestricted Family Funds:  By initiating or continuing a tradition of charitable giving, an Unrestricted Family Fund acknowledges the important role a family has played in our community. These funds address the region's needs as they change over time.

Field of Interest Funds:  Donors who establish a Field of Interest Fund may rely on the expertise of the Community Foundation to determine the most effective use of their fund or address an area of interest to the donor, such as the arts, the environment, or human services.

Donor Advised Funds:  These funds are excellent vehicles for those who wish to participate actively in the grant making process.  In establishing a Donor Advised Fund, you retain the right to make grant recommendations for consideration by our Board of Directors.  A Donor Advised Fund provides an opportunity for families to participate together in the tradition of philanthropy.

Designated Funds:  You may choose to benefit specific, named charitable organizations through a Designated Fund.  Should the named institution go out of existence, or the purpose of the original gift becomes obsolete, the Community Foundation will apply the funds to purposes which closely parallel those designated by you.

Scholarship Funds:  With a Scholarship Fund, you may help deserving young people pursue an education they might not otherwise receive.  Because scholarships are time consuming and must comply with specific legal requirements, the Community Foundation is recognized as a natural repository for and manager of Scholarship Funds.

Temporary Funds:  A Temporary Fund provides the option to donors to make annual gifts from which the entire principal is granted for particular purposes.

CIRCLE OF ONE HUNDRED

The Circle of One Hundred includes those individuals and families who recognize Southern Colorado Community Foundation's value to the community and its significance to future generations of Puebloans.  Members of the Circle of One Hundred become so by making a donation or pledge of $10,000. Pledges are completed within three years of making them. Only 100 individuals and families will ever be recognized as having the vision and insight to see beyond current needs to those of the future. The individuals and families who are members of the Circle of One Hundred include:

Don and Helen Banner                          Bert and Dorie Demicell

Jane Rawlings and David Dill                 Tom and Kathy Farley

The Ken and Gloria White Family           Hurd-McCarthy fund

Jeff and Paula Chostner                        Gerald and Rosemary Reilly

Robert H. Rawlings                               Mary Graham Rawlings

Jerry and Helen Lindberg                       Anthony and Vera Ortegon

John Wagner                                        John and Lorraine Engelbrecht

Ruth Robinson                                      Mary Jo and Jarvis Ryals

David and Virginia Shaw                        Rose Marie Valente

Mahlon and Maylan White                     Abel Tapia

DeRose Family                                     H. Eugene and Jane Wilcoxson

Tony and Barbara Fortino                      Tom and June Healy

Kort Family Fund                                  Gerry and Dian Montgomery

William and Barbara Vidmar                   Juanita Flanigan

The Wetzig Family                                The Courtright Family

Pueblo Opportunity Fund                        Sue Adams Community Fund



Once the complete membership of the Circle of One Hundred is established, an appropriate recognition wall will memorialize those donors who participated in creating the first $1,000,000 in endowment giving to the future.  If you are interested in becoming a member of the Circle of One Hundred, contact the Southern Colorado Community Foundation at 546-6677.
.SOUTHERN COLORADO COMMUNITY FOUNDATION
ESTABLISHED ENDOWMENT FUNDS

Southern Colorado Community Foundation is a family of charitable funds set up by individuals, businesses, and organizations that care deeply about the communities of Pueblo and southern Colorado. The collective power of these funds, representing the interests of individuals, families and groups of citizens allied in a particular cause, provides increased opportunities for philanthropy.

Donors to the Southern Colorado Community Foundation may participate in a variety of Field of Interest or Donor Advised funds already funded, or they may choose to establish other endowments in special areas that help them meet their charitable giving objectives.

DONOR ADVISED FUNDS

The following Donor Advised Funds have been established. As contributions, both large and small, are given to these endowment funds, SCCF will award grants in these special areas.

A Caring Pregnancy Center -- This endowment supports A Caring Pregnancy Center's ministry to women in crisis pregnancies providing counseling, clothing, baby supplies, shelter homes when necessary, and encouraging women to give the gift of life to the child within. Established by Don and Helen Banner and Bert and Dorie Demicell.

Community Fund - Community Foundations need many dollars to address the most pressing and emerging needs in the region. Grants will be made to nonprofit applicants in the areas of education, environment, economic development, arts, religion, and other interests. Established by Jane Rawlings and David Dill.

Nancy Crafton Fund for Migrants and Homeless - This fund will be used to provide a better quality of life for the most needy and disadvantaged in our society. Established by Jerry and Rosemary Reilly, Tom and Kathy Farley, Mary Jo and Jarvis Ryals and supported by many donors.

Ken and Gloria White Endowment for Children - A fund to provide financial assistance to persons in need, with priority being given to children with health related issues and attendant financial burdens. Established by the children of Ken and Gloria White:  Ken White, Jr., Charla Coleman, and Judith Page.

Historic Preservation, Union Avenue, and Parks is an endowment established in memory of Mary Farley. Gifts of any size may be added, with interest earned granted for these Pueblo projects. Established by Tom and Kathy Farley and supported by numerous donors.

The Mary Graham Rawlings Fund - This fund has been established by Mary Graham Rawlings to assist young musicians in their study of music. 

John Neumann Scholarship - This endowment has been established by Tony and Vera Ortegon for scholarships to an outstanding Catholic school. Anyone may add to this fund to provide more scholarships. Established by Anthony and Vera Ortegon

Operating Endowment - This fund is critical to carrying out the mission of SCCF, which is to enhance and improve the quality of life in the Pueblo and southern Colorado region through charitable activities. Established by Robert Hoag Rawlings.

Pueblo City-County Library District Business Collection - This fund virtually guarantees the maintenance of the business collection at the public library into the foreseeable future. Established by John Wagner in memory of Louise Wagner.

Pueblo County Historical Society - Due to the generosity of persons vitally interested in the history of the Pueblo area, the historical society will have funds for special projects. Established by John and Lorraine Engelbrecht.

Tapia Fund for the YWCA - An endowment to help fund the YWCA Family Crisis Shelter. Established by Abel Tapia.

John A. Valente Music Scholarship Fund - A fund established in memory of John Valente to offer music students the opportunity to continue their study of music. Established by Rose Marie Valente and supported by friends and family.

Bruno DeRose Memorial Scholarship -- A scholarship to the University of Denver for a Pueblo resident to be awarded each year in memory of Dr. Bruno DeRose.  Recipients will be known as DeRose Scholars.   Established by the DeRose family and supported by family and friends.

The Paul Wetzig Memorial Scholarship -- A scholarship for a graduate of Central High School who exemplifies the qualities of Dr. Paul Wetzig.

The Medal of Honor Foundation -- This fund was established to provide for the maintenance and enhancement of the Medal of Honor Monument that memorializes Pueblo's four recipients of the Medal of Honor. 

FIELD OF INTEREST FUNDS

The Jerome and Helen Lindberg Endowment

The Robert H. Rawlings Endowment

The Ruth Robinson Fund

The David and Virginia Shaw Endowment

The Mahlon and Maylan White Endowment

The Fortino Family Fund

The Healy Family Fund

The Kort Family Fund

Gerry and Dian Montgomery Fund

Ryals Family Fund

Vidmar Family Fund

Wilcoxson Family Fund

Flanigan Family Fund

The Pueblo Opportunity Fund

The Suzanne Adams Community Fund

Friends of Football Scholarship Fund

Red Creek Football Scholarship Fund

Robert H. Rawlings Football Scholarship Fund

Frank Lamb Football Scholarship Fund

Bent County Community Fund

Little Britches Rodeo Scholarship Fund

Kester-Davis Girl Scout Endowment

 

Donors may give a gift of any size to established endowment funds on behalf of specific organizations and institutions, as well as for the existing fields of interest. A named endowment in a specific subject area may be established for $10,000 contributed over a three-year period.

BEQUESTS

In a will, donors can include gifts of cash, stock, or property, whether specific or by percentage; a gift of real estate; a gift in trust to benefit family members during their lives, with principal conveyed to the Community Foundation at their passing; or a gift of the remainder of an estate when other specific bequests have been fulfilled.

In his will, Dr. Frederick Tice left a substantial amount of money to Southern Colorado Community Foundation for the Community Fund. The earnings from this fund will be awarded to local nonprofits.

In their will, Mr. and Mrs. Ed Dodds have left their entire estate to Southern Colorado Community Foundation. The proceeds from their estate will be used to support Girl Scouts and local historical research.

Mr. Louis Chantala left a generous bequest to be divided equally between the YMCA and El Pueblo . . . An Adolescent Treatment Community.  This bequest was used to establish endowment funds that will benefit these two agencies in perpetuity.

Other generous Puebloans have left substantial amounts of money to Southern Colorado Community Foundation in their wills, but they prefer to remain anonymous at this time.

Nonprofit Agency Funds

An anonymous donor has established endowment funds for the following nonprofit agencies: 

El Pueblo...An Adolescent Treatment Center, Girl Scouts, The HARP Foundation, Junior Achievement of Southern Colorado, Parkview Foundation, Pueblo Community College Foundation, Pueblo Community Health Center, Pueblo Zoological Society, Boy Scouts, Rosemount Museum, Runyon Field Sports Complex, Sangre de Cristo Arts and Conference Center, "30" Club, Colorado State University - Pueblo Foundation, YMCA of Pueblo, and YWCA of Pueblo.

Any donor may add to the endowment funds for these agencies at any time.


Copyright 2008 Southern Colorado Community Foundation