The Decatur County Community Foundation could not exist without its donors. It is the goal of the Foundation to make giving as simple as possible. If you are planning on a gift of at least $5,000, the Foundation would like to work with you to make your wishes a reality. The Foundation tries to make giving as easy as possible by keeping the process streamlined and maintaining a relationship with local professionals to provide you the legal and financial answers you need. The Foundation would like to suggest the following steps to establish a fund.
1. Meet with the Foundation staff.
Knowledge is power.
Arrange a meeting with the Foundation staff to discuss your charitable wishes.
The Foundation staff will explain the services the Foundation can provide you
and how the Foundation can meet your needs. The Foundation will take your
wishes and work with professional advisors to create a fund agreement.
2. Review the agreement.
The Foundation will provide you
with a custom fund agreement. It will include the name of your fund, the
purpose of your fund, the distribution of your fund, any special request of
your fund and all the general Foundation information. The Foundation will have
the agreement reviewed by legal counsel, but it will be your responsibility as
the donor to make sure that your information is correct. When you review the
document, make sure that your name is spelled correctly, the name of the fund
is correct, the purpose is correct and that any other special arrangements are
detailed to your desires. The Decatur County Community Foundation will work in
your best interest, but we are not financial advisors. We strongly encourage
you to take your agreement to an accountant, attorney or other trusted
financial advisor to review. They will be looking for your best interest and
may suggest something that will enhance your charitable wishes or tax
advantages.
3. Make it official.
After you have reviewed
and approved the agreement, the Board of Directors will be notified at a
meeting of your intent to establish a fund. The Board will vote to approve the
fund. Upon approval, you and the Board president will sign the agreement. You
will then make your donation and your fund will become part of the permanent
endowment. The staff will keep in contact with you to when distributions are
made from your gift.
Attention Professional Advisors:
Fill out this form and
fax it to
812-662-8704 to
gain access to the
Planned Giving
Online
site.