There are so many success stories that I have read about but one that stays in my mind is the Raquel Piekarski Fund, which is an endowed fund established at the Arizona Community Foundation in 1993 with estate gifts totaling $804,777. They have awarded $843,235 in grants over its 20-year history. Here is what is remarkable, the fund still has a fund balance of $890,014 and will continue to grow over time while providing more grants (2015, Arizona Community Foundation, azfoundation.org). The illustration below really helps share the power of endowments. A seed is planted (original gift), fruit is bared from the trees (grants are awarded to the non-profits), and the tree keeps growing while fruit continues to be bared (the principal funds remain and keep earning interest).
Watch this short video to
learn about the Foundation.
Family or Community? You don't have to choose!
If current financial, business or family obligations are keeping you from charitable giving, rest assured that you don't have to choose between family and charity. You can serve both with a planned gift, possibly saving your family money by decreasing estate and inheritance taxes.
You may elect today how your gift will be used in the community after your lifetime by completing a non-binding Testamentary Fund Agreement. This revocable agreement allows you to name the fund your gift will create, identify any fund advisors, specify your charitable interest areas and even express a desire for anonymity. If you change your mind at any time, we can simply amend the agreement.
Image source: azfoundation.org
How would you like to be remembered?
Make a significant and long-lasting gift by creating a fund through your will. A testamentary gift ensures that your charitable goals are met in perpetuity for the causes that are important to you today. Vehicles for planned giving include bequests, charitable remainder trusts, charitable lead trusts, retirement fund assets, and life insurance.
Contact any of our Foundation Board Members and find out how you can make a difference by giving something back to the community that helped you get where you are today.
Murray-Calloway County Community Foundation is an affiliate of the Community Foundation of West Kentucky.
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Murray-Calloway County Community Foundation, Inc.
705 S 4th St
Murray, KY 42071
MCCCF, Inc. © 2018