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.
Creating a charitable fund through SCF gives you the opportunity to benefit your community. Your gift will be invested and earnings from your fund are used to make grants. Your gift-and all future earnings from your gift-allows you to do good work forever.
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 – 712-293-3303.
Giving through the Siouxland Community Foundation offers distinct advantages.
SIMPLICITY – There is no set-up fee to create a fund and a minimum of paperwork is required.
EFFICIENCY – One contribution to the Community Foundation can address a wide range of donor interests to benefit one or a number of community needs and nonprofit organizations.
PERMANENCE – A gift to create an endowment fund will continue to provide benefits in perpetuity . . . For good. For ever.
FLEXIBILITY – Donors can realize nearly any charitable intent by choosing from among the variety of fund types offered by the Foundation. All types of funds can be tailored to meet donor needs and interests. Great flexibility is also offered in the ways to give. A wide variety of assets can be considered for making a contribution. The Community Foundation can accept gifts of cash, securities, real estate, personal property, or life insurance. Contributions can be made during a donor’s lifetime and/or through bequests and other planned giving arrangements. Funds can also be established with pledges payable over a period of time.
CONVENIENCE – Establishing a fund with the Community Foundation is less costly and time consuming than handling it yourself. We handle all of the paperwork, record keeping and administrative details in our office.
DONOR INVOLVEMENT – Donors can choose the level of involvement in grant making from their fund which ranges from having the Foundation make all grant making decisions, to designating an organization(s) to perpetually benefit, to donor making ongoing recommendations for grants.
TAX BENEFITS – The Internal Revenue Service has classified the Foundation as tax-exempt under section 501(c)(3) of the Internal Revenue Code. As such, all contributions to the Foundation are deductible to the greatest extent allowed by law. In most cases, tax deductions for gifts to a community foundation outweigh those using assets to establish a private foundation. Donors making contributions to a permanent endowment fund after January 1, 2005 may be eligible to receive an Endow Iowa tax credit.
FEWER RESTRICTIONS – The Siouxland Community Foundation is not subject to many of the rules imposed on private foundations, such as payout requirements or excise taxes.
PROFESSIONAL MANAGEMENT AND ACCOUNTABILITY – Funds administered by the Foundation are pooled for investment purposes which provide optimum investment diversification for individual funds of any size. Professional investment management is closely monitored by our Finance and Investment Committee and our Board of Directors. All grants as well as gifts received are detailed in our annual report. In addition, a professional independent audit is performed annually.
STEWARDSHIP – Staff and board of directors are dedicated to providing lasting stewardship of the charitable funds entrusted to the Community Foundation so charitable gifts will benefit Siouxland forever.
SHARED INTERESTS – We work with you, the donor, to guarantee that funds are distributed according to your intent. Our grant making services help you support the needs and organizations that you care about most.
The Siouxland community benefits from both large and small gifts given through the Community Foundation. You don’t have to be wealthy to make a difference. You can have a lasting impact on the quality of life in Siouxland, right here, right now, and for years to come. Gifts to endowment funds are gifts that continue to enhance the quality of life in Siouxland year after year. For good. For ever. Our gift acceptance policy is available upon request by contacting firstname.lastname@example.org.
All contributions to the Community Foundation are deductible to the greatest extent allowed by law. Choose from the following options for giving through the Community Foundation to make a lasting difference in Siouxland:
CASH – The easiest way to contribute and may qualify for maximum allowable income tax deductions. Checks should be made payable to the Siouxland Community Foundation and may be designated for a specific fund currently administered by the Foundation.
SECURITIES – Marketable or closely-held securities may be contributed and you can deduct the full fair market value as a charitable contribution, thus avoiding capital gains tax on the appreciation.
REAL ESTATE – Gifts of real estate afford the same tax advantages to you, the donor, as gifts of appreciated securities – a deduction for the appraised value and avoidance of capital gains tax on the appreciation. In some instances it may be beneficial you to make a gift of future interest in a residence while retaining a life interest for yourself and spouse.
LIFE INSURANCE – Can be used to fund a gift at relatively low cost to you. You can gift a new policy or turn over an existing policy and name the Community Foundation as owner/beneficiary. By assigning ownership to the Community Foundation, you receive an immediate income tax charitable deduction in the amount of the policy’s present value. Additional premiums gifted to the Community Foundation are tax deductible, and proceeds pass to charity free of estate tax.
BEQUESTS – After providing for loved ones, you can make bequests to the Community Foundation in your will or trust. Federal estate and state inheritance taxes are saved and the good works you care about continue to benefit through a legacy created in the Community Foundation.
CHARITABLE REMAINDER TRUSTS – A future gift may be made through a charitable remainder trust that pays a lifetime income to you or to a family member. Upon your death or the named beneficiary, the remainder passes to the Community Foundation to create a fund for whatever charitable purposes you have specified.
CHARITABLE LEAD TRUSTS – Converse to a charitable remainder trust, you may create immediate income to a specific fund in the Community Foundation for a period of years, with the remainder returning to you or, with proper estate planning, passing to children or grandchildren.
RETIREMENT PLANS – You can use retirement plan assets [401(k), 403(b)] to create a fund in the Community Foundation.
PRIVATE FOUNDATION TRANSFER – Existing private foundations may choose to transfer assets to the Community Foundation. By doing so, gain public charity status and avoid the excise tax, payout rate, federal and state tax returns, and other administrative costs or tasks that burden private foundations. And there is the satisfaction of knowing that a permanent organization is in place to administer the fund in perpetuity.
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.
Siouxland Community Foundation Administrative Fund – Help to support the administration of 190+ funds and $2 million in annual community distributions.
Fund For Siouxland
Funds created by donors to perpetually benefit a particular nonprofit organization of personal interest.
Accelerated Math and Science Fund
Big Springs Baptist Church Fund
Chieftain Electric Charitable Fund
Colin & Pokey Jensen Administrative Fund
Colin & Pokey Jensen Endowment for the Boys Club of Sioux City
Colin & Pokey Jensen Endowment for Girls Inc. of Sioux City
Colin & Pokey Jensen Endowment for Pearson Lakes Art Center
Colin & Pokey Jensen Endowment for Sunrise Retirement Foundation
Delaine C. Peterson Fund
Elizabeth M. Jensen Endowment Fund for Pearson Lakes Art Center
Endowment for Mental Health
Frances J. Sadden Endowment Fund
Irving F. Jensen Foundation Fund
Irving & Tigger Jensen Endowment for the Orpheum Theatre
Irving & Tigger Jensen Endowment for the Sioux City Public Museum
Lavonne P. Gall Civic Ballet Fund
Mitch Merrill Siouxland Jr. Golf Fund
Mr. & Mrs. William Rodawig Fund
Robert L. Gleeson Administrative Fund
Robert V. Williams Legacy Fund
Sioux City Schools Foundation Fund
St. Mary’s Catholic Church Fund
Stellart Sanford Foundation Fund
Woodbury Central School Foundation Endowment Fund
Funds established by nonprofit organizations to help sustain their mission and services provided in Siouxland.
Boys Club of Sioux City Endowment Fund
Briar Cliff University Endowment Fund
Camp High Hopes Endowment Fund
Children’s Museum of Siouxland Endowment Fund
Community Action Agency of Siouxland
Council on Sexual Assault & Domestic Violence Endowment Fund
Crittenton Center Fund
Food Bank of Siouxland Endowment Fund
Heelan High School Endowment Fund
Jackson Recovery Centers Endowment Fund
Junior League of Sioux City Endowment Fund
Junior League of Sioux City Special Purpose Fund
Mary Elizabeth Day Care Center Fund
Mary J. Treglia Community House Endowment Fund
Opportunities Unlimited Endowment Fund
Plymouth County Historical Museum Endowment Fund
Plymouth County Historical Museum Renovations Fund
Railroad Museum Endowment Fund
Remsen Heritage Museum Endowment Fund
Remsen Heritage Museum Renovations Fund
Saturday in the Park Endowment Fund
Shesler Hall Endowment Fund
Sioux City Chamber Music Association Endowment Fund
Sioux City Chamber Music Association Special Purpose Fund
Sioux City Concert Course Endowment Fund
Sioux City Jewish Cemetery Association Endowment Fund
Sioux City Public Museum Education / Exhibit Endowment Fund
Sioux City Public Museum Special Purpose Fund
STARS Endowment Fund
STARS Special Purpose Fund
Sunrise Retirement Foundation Endowment
Tri-State Graduate Center Endowment Fund
United Way of Siouxland Endowment Fund
Women Aware Endowment Fund
Woodbury County Conservation Foundation Endowment Fund
Field of Interest Funds
Funds established by donors to make a difference in an area of personal interest.
Fund Advisors has the flexibility to recommend grants from the fund.
Chesterman Family Foundation Fund
Dr. Quentin & Susan Durward Charitable Fund
Fred Holcomb Legacy Fund
Gabriel Clausen Legacy Fund
Gail Dorn Charitable Fund
Gunsch Family Charitable Fund
Hinton Community School District Foundation
Dr. Matthew & Apryl Johnson Charitable Fund
Junior League of Sioux City- William Johnson Fund for Children
Kirby & Linda Roberts Legacy Fund
Dr. Patrick & Lori Walsh Charitable Fund
Mark & Susan Wheeler Charitable Fund
Mr. & Mrs. Wilbur Aalfs Charitable Fund
Robert L. Peterson Fund for Children
Sergeant Bluff-Luton Community School Foundation
Sioux City Public Schools Music Participation Endowment
Siouxland Foundation Against Homelessness
Steven & Mary VandeBrake Charitable Fund
Wrede & Barbara Smith Charitable Fund
Wrede & Barbara Smith Legacy Fund
The RAG Fund
Community Foundation affiliate funds allow donors to target their charitable giving
at home for the benefit of their community or county.
Westwood Community Schools Foundation
Funds established by donors to assist deserving students in their pursuit of a post-secondary education.
Affiliate Community Foundation Scholarships:
Adam D. Ellis Memorial Scholarship Fund
Clifford E. Perry Scholarship Fund for Hinton Community Schools
Cloy & Connie Olhausen Scholarship
Col. V. Thomas Considine Scholarship Fund
Curtis R. Turner PLTW Scholarship Fund
Dr. Roger F. Wendt Memorial Scholarship Fund
Duane & Shirley Hiller Student Athlete Scholarship Fund
Elizabeth Louise Jensen – Girls Inc. Scholarship Fund
E.E. & Helen Maxwell Family Scholarship
empirical Scholarship Fund
Eugene Windehausen Annual Scholarship
Flight Crew (United 232) Scholarship Fund
Great West Casualty Co. Scholarship Fund
Greater Sioux City Press Club Scholarship Fund
Gwen’s Wish Endowment Fund
Herrold Asmussen Memorial Scholarship Fund
Jonathan David Phillips Performing Arts Memorial Scholarship Fund
Joshua M. Lester Scholarship Fund
Karen Linder Memorial Scholarship Fund
Kind World Foundation Scholarship Fund
Robert Larson Family Scholarship Fund
Lawton Centennial Scholarship Fund
Macfarlane Family Scholarship Fund
Mercy Medical Center Auxiliary Nursing Scholarship Fund
Nancy Conway Luikart Music Scholarship Fund
Novotny / Osborne Scholarship Fund
Paul Lindberg Memorial Scholarship Fund
Sergeant Bluff-Luton Community School Foundation Scholarship
Sergeant Bluff Kiwanis Silver and Blue Scholarship
Tristate Graduate Center Scholarship
United Airlines Trust Fund Scholarships
Walt Fiegel Scholarship Fund
Non-Endowed Special Purpose Funds
Temporary funds established to benefit a particular cause or campaign.
Celebrating Community Foundations Administrative Fund
Hunger Free Kids Special Purpose Fund
Marshall Morse Fund
North High Pool Supporters Fund
Positivity Forward Special Purpose Fund
Sioux City Public Schools Foundation Science Lab Fund
Sioux City Public Schools Foundation Special Purpose Fund
Skate Park Fund
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