Types of gifts you can make to the Foundation:
Regardless of the way you make a gift to the SACF, the process can be as simple as writing a check or as sophisticated as designing an individual estate plan*. The following are some of the types of gifts you can make to the Foundation:
Gifts of cash, securities, personal property or real estate are simple and convenient ways to make a charitable contribution and receive maximum tax advantages.
Cash or property given through a will is usually fully deductible for federal estate and state inheritance tax purposes. The Foundation can also be named as the residuary beneficiary of a donor's estate or be named in a charitable remainder trust created by a will.
Gifts made in memory of loved ones are ideal ways to perpetually remember family members, friends or colleagues.
By naming the Foundation as the irrevocable owner and/or beneficiary (full or partial) of a life insurance policy, you can create a future fund for the benefit of others or make a gift to the charitable fund of your choosing.
Individual Retirement Account (IRA)
The Individual Retirement Accounts you have established for your retirement years can later be reduced by income and estate taxes before reaching designated heirs. By naming the Sturgis Area Community Foundation as the plan's beneficiary or partial beneficiary, you ensure that your IRA or 401K assets will fully benefit your community.
Charitable Gift Annuity
With a Charitable Gift Annuity, you can make a significant gift to the Foundation and, in return, receive income for life.
Charitable Lead Trusts
You can name the Foundation as beneficiary of income from a trust for a specific number of years. Ultimately, the bulk of the trust goes to other named beneficiaries, such as children or grandchildren.
Charitable Remainder Trusts
You can provide a lifetime of income for yourself or other beneficiaries and leave the remainder to the Foundation.
*please consult your financial and/or tax advisor for details on how charitable giving through the Foundation may benefit you.
How Do I Establish a Fund?
It is very simple. Many funds can be opened the same day you call (269)659-8508 and there are no special start-up costs or fees. The list above for different fund options.
How Are Gifts Invested?
Effective stewardship of philanthropic assets is key to the Sturgis Area Community Foundation's ability to fulfill its mission to enhance the quality of life for all people in the Sturgis area. Our investment goal is to preserve and grow the real value of these assets over time. All gifts are pooled for diversified investment and economies of scale and to increase their charitable impact.
- You receive tax benefits in the year your gift is made.
- Based on the type of fund you establish, you may be able to stay involved in the Good works your gift makes possible. You can recommend an area or organization you'd like your gift to support, or rely on the foundation's experience to determine and address the areas of greatest need in your community.
- The Foundation board issues grants in the name of the fund you establish (if you prefer, grants can be made anonymously).
- We handle the administrative details.
- Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift-and all future earnings from your gift-is a permanent source of community capital, helping do good work forever.
This website is owned and operated by the Sturgis Area Community Foundation (SACF). The website is intended to inform and educate visitors about the work of the SACF as a grantmaker, community leader and resource for philanthropy in the Sturgis area. The SACF is committed to honoring the privacy of all those we work with, including visitors to our website.
Your right to privacy is very important to us. We recognize that providing the SACF with your personal information is an act of trust. When you visit the SACF online you remain anonymous as we do not require registration to view our website or access information. We may occasionally request information through online forms for event registration or other SACF functions. The SACF does not share or make public any personal information gathered through our website.
Under IRS Code, the following SACF documents are public information:
- IRS form 990 and affiliated schedules
- Exemption letter from the IRS
Lists of donors to the SACF, other than those published in the annual report, are not available to the public. We do not reveal the name of anonymous donors.
Third Party Sites
On our website we offer links to third party sites (PayPal). Since we do not control those websites we encourage you to review their privacy policies as well.
If at any time you wish to stop receiving SACF mailings or other communications please contact our office:
- Email: firstname.lastname@example.org
- Telephone: 269.659.8508
- Mail: 310 N. Franks Ave., Sturgis, MI 49091
Questions and Comments
We welcome comments and questions on this policy (please see Communications above for contact information)