Van Wert County Unleashes Generosity for #GivingTuesday 2020

 #GivingTuesday was December 1 and it’s known as a global day of giving that harnesses the collective power of individuals, communities, and organizations to encourage philanthropy and to unleash generosity worldwide.

The Van Wert County Foundation celebrated giving by matching donations (up to $10,000 per fund) made to participating  VWCF Charitable Organization Endowment Funds on #GivingTuesday.  Individuals and businesses donated to one or multiple funds, essentially doubling the gift with the match.  Those who gave to The Van Wert County Foundation’s  #GivingTuesday initiative donated online and in the office. 

Donors showed up in a big way this year to support the 11 participating non-profits. The initiative was a huge success with a total endowed amount of $176,290.85 with VWCF match – an increase of $77,482.85 over last year’s amount of $98,808.00.

Plans for #GivingTuesday 2021 (November 30, 2021)  is already in the works. Save the Date!

Charitable Organization Endowed Fund Raised VWCF Match Total to Endowed Fund
Crestview Heritage Board Endowment Fund $11,267.85 $10,000.00 $21,267.85
Cross Over The Hill Endowment Fund $17,195.00 $10,000.00 $27,195.00
Friends of 4H Fund $2,445.00 $2,445.00 $4,890.00
NPAC Permanent Endowment Fund $1,675.00 $1,675.00 $3,350.00
PLC Health Clinic Endowment Fund $10,998.00 $10,000.00 $20,998.00
Van Wert Civic Theatre Endowment Fund $6,950.00 $6,950.00 $13,900.00
Van Wert Co. Council on Aging Endowment Fund $3,295.00 $3,295.00 $6,590.00
Van Wert Co. Fairgrounds Endowment Fund $10,000.00 $10,000.00 $20,000.00
Van Wert Co. Historical Society Endowment Fund $10,900.00 $10,000.00 $20,900.00
Wassenberg Art Association Fund $500.00 $500.00 $1,000.00
Wee Care Learning Center Trust $26,200.00 $10,000.00 $36,200.00
Grand Totals $101,425.85 $74,865.00 $176,290.85

Make a Difference

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YOUR GIFT WILL BE HELD IN PERPETUITY

Income generated from your gift will continue to benefit the community now and in the future.
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GRANTS WILL BE MADE IN YOUR NAME

You may name the fund with your name, or that of your family, friend or organization. Your fund is open ended and may be increased with additional gifts at any time. Grants from your fund will be recorded in the name of your fund as a lasting symbol of your caring.
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YOUR GIFT MAY BE DESIGNATED FOR A SPECIFIC PURPOSE

As a donor, you may specify how the income is to be used. Should the intended purposes of your gift become obsolete in the future, The Foundation’s Trustees will amend the provisions of your fund to continue to meet the changing community needs. You may also donate undesignated funds for use at the Trustee’s discretion.
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TAX BENEFITS

Gifts made to the Foundation (a public charity) qualify for maximum deductions for income, gift and estate purposes.
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PUBLIC ACCOUNTABILITY

Annual reporting and filing of tax returns, public disclosure of all grant activities and a broad based Board of Trustees representing diverse areas of expertise assures continued use of public funds in the public interest.
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CONTRIBUTIONS ARE PROFESSIONALLY AND PRUDENTLY MANAGED

The Foundation’s Investment Committee provides the oversight of our investment portfolio. Investment managers are monitored and reviewed on a quarterly basis. Funds are pooled for investment purposes, so donors have the advantage of a diverse investment mix. The Foundation’s Trustees are elected for their integrity, competence, knowledge of the community and concern for its philanthropic needs.

Ways To Give

GENERAL
Charitable giving can be done through a number of vehicles, some during the donor’s lifetime where the individual may take advantage of income tax reductions and at the same time, gain satisfaction from watching the income from a grant being used for the intended purpose, or after the death of the donor, having the donor’s estate, or a portion of it, managed to continue to support specific, or general activities.

TRUSTS
Charitable giving, through trusts, normally involves one of two types of trusts; the charitable remainder trust or the charitable lead trust. There are many variations of each, but the principals are the same; property is placed into a trust, income is generated for the duration of the trust, and at the end of the trust, the trust principal is distributed to the proper beneficiary.  At the same time the trust is set up, a charitable income tax deduction is generated for the donor.

LIFE INSURANCE GIFTS
A gift of a life insurance policy with the Foundation named as owner and beneficiary of the policy can be a particularly effective way for a donor to make a gift. Many people own insurance, where the original purpose is no longer valid, and there is no reason to keep the policy active.  A donor of insurance can obtain an income tax deduction in the year the gift is made.  A new policy may also be written with the Foundation as the beneficiary, and a tax deduction can be obtained.  See an insurance agent or financial planner for details.

WILLS AND BEQUESTS
Wills and bequests are used to assure the wishes of the donor are carried out specifically, and that activities supported by the donor during his lifetime, continue to be funded in the future.

Contact us to become a donor. Our professional staff can guide you through the simple process.

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