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Donor Services - Frequently Asked Questions

Why give through the Kosciusko County Community Foundation, Inc.?
Giving through the Foundation is your opportunity to make the most of your charitable dollars. Whether you are just beginning a program of charitable giving or building on established philanthropic interests, you can reap the following benefits of Community Foundation giving:

• Know that your charitable wishes will be carried out now and in future generations.
• Receive maximum tax benefits from your gift. Contributions made to the Foundation qualify for maximum deductibility for income, gift and estate tax purposes.
• Pool your fund with others to increase its charitable impact and provide a better investment return and efficient financial management.
• Target and give to the causes you care most about.
• Draw on the Foundation's expertise of community needs and programs.

What Type of Fund Should I Create?
That depends on your goals. In general, Funds are invested and the income is used to make grants. A variety of types of Funds are available to help donors accomplish their dreams. They include Permanent Endowment Funds (the principal remains in perpetuity and only the income is distributed) and Non-Permanent Funds (funds that provide grant support from fund assets as well as income).

How Do I Create a Fund?
You may create a Fund now, in your will, or through an agreement which benefits you and your family while carrying out your charitable intent. There are several planned giving options available that can provide you with current tax advantages while helping you to invest in your community.

Creating a Fund also gives you the opportunity to name a Fund in honor of your family, loved one, friend or organization and to carve out a place in Kosciusko County's history for yourself or that person who inspired the Fund. The Fund's name will live on in perpetuity, supporting the namesake's charitable interest and the Foundation's mission.

Who Decides On the Grants?
The Foundation uses a careful proposal review process to determine grants from Community/Unrestricted and Field of Interest Funds. Proposals are analyzed by the Foundation’s professional staff and then reviewed and approved by the Board of Directors. Recommendations by donors for grants from Advised Funds are reviewed by the Foundation. Final approval is granted by the Board of Directors. Staff is available to assist by researching and evaluating prospective organizations or program areas. A donor may decide to designate that grants from the fund they establish always benefit a particular organization.

Who Oversees the Investment of the Funds?
Your Fund will be invested by professional investment managers under the guidance of the Foundation's Investment Committee, a group of highly qualified professionals. Growth of principal to keep pace with inflation is a key objective so that Funds maintain their value over time.

What Information Will Donors Receive?
You will receive the Foundation’s annual report, which includes audited financial statements and a report on grants made. You also will receive the Foundation’s newsletter and other Foundation news and information that may be provided from time to time. Members of our staff or Board of Directors will meet with you at any time to discuss Foundation activity or any aspect of charitable giving. If you establish a fund, you will receive a report containing fund balances and gift and grant activity specific to your fund.