The Siouxland Community Foundation (SCF) provides services to donors to establish endowed funds without incurring the administrative and legal costs of an independent foundation. Individuals, families, corporations, nonprofits, private foundations and Siouxland communities can realize nearly any charitable intent. When creating a charitable fund within SCF you determine its purpose:
- Assist the elderly
- Enhance a neighborhood or community
- Address community health issues
- Feed the hungry
- Provide scholarships
- Provide a safe place for children to play
Benefits of investing with Siouxland Community Foundation:
Permanence: A Gift to SCF can benefit the community in perpetuity. Donors can be confident that “endowment gifts” will always be available to meet the pressing and changing needs that exist in our great community.
Simplicity: Creating a philanthropic Fund through SCF is simple and quick, avoiding the legal complexity, administrative burdens and compliance requirements of establishing and maintaining a private foundation. SCF manages all investments, processes Fund distributions and files appropriate tax returns.
Flexibility: SCF can accept nearly any kind of gift – from cash and real estate to stock and other appreciated assets. An individual, family, business or organization can create a philanthropic Fund for any charitable purpose.
Tax Benefits: Gifts and bequests to SCF will receive the maximum income, gift and estate tax benefits. Integrate a charitable giving program through SCF with your overall financial plan could further these benefits. The IRS has classified SCF as tax-exempt under section 501(c)(3) of the IRS tax code.
Community Impact: Giving through SCF allows donors to put their charitable dollars directly to work in their community. SCF offers insight into community needs and the organizations fulfilling those needs.
Recognition or Anonymity: Endowing a Fund with SCF is a fitting way to memorialize or honor a loved one and create a permanent legacy that will be remembered for generations. Conversely, SCF can carefully protect a donor’s identity, if desired.
Cost Effectiveness: Because SCF manages many individual donor gifts; it can serve and administer each of them at a fraction of the cost of a private foundation or other, smaller nonprofit organizations.