Ducky Day in Tipton Park, and youth philanthropy
send all mail to PO Box 412.)
Everyone can be a Philanthropist through the Tipton County Foundation!
One way to do this is to establish a charitable endowment fund that will distribute earnings or grants to the causes you care about… forever. TCF requires a minimum of $10,000 for a new fund, but with a minimum of $2,000 and consistent annual support, there is a path that will enable more Tipton County folks to ensure a permanent legacy.
A Named Endowment helps you harness the power of the financial markets to multiply the value of your contributions over time. All you have to do is make regular contributions-and take a charitable tax deduction for them. Investing even small amounts regularly will build an endowment that grows dramatically. We can even include memorial or tribute contributions that you make to your named fund.
When your Fund matures by reaching at least $10,000 within five years after starting it, it becomes a permanent charitable fund within the Tipton County Foundation. At that point your contributions can cease (or continue if you wish) and your fund begins making annual grants. And here’s the best part: it never stops. Every year, generation after generation, the causes you care about will receive support from the "acorn you plant today.
Building a charitable endowment fund requires the same kind of planning you would use for a retirement fund or any other investment program. Your contributions, multiplied by good investment, will reach these goals in a surprisingly short period of time. Until that time, all of the earnings to your fund will be held, and only the Foundation’s modest annual fee will be charged.
When setting your endowment goal, you will need to consider:
Decide on gift frequency
You can contribute regular or variable amounts, such as $100 a month, $250 per quarter or $1,000 or more per year. The only requirement is that a minimum of $10,000 is endowed within five years-- whether by your own contributions, by gifts in your honor from loved ones, or matches made from time-to-time by the Foundation.
The more you give, the faster you will reach your goal and the larger your annual tax deduction will be. You can add to your fund at any time, even after it has started making grants.
The Tipton County Foundation will place your fund contributions with its other investments managed by some of the top investment firms in the country. Every year, we will report your fund’s earnings in a personal letter, so you can watch its growth for yourself. If your fund does not reach a minimum of $10,000 within five years (or other time period agreed upon) the TCF Board will transfer it to the endowment of a similarly intentioned fund, or the general fund the Foundation uses to support grants to a wide range of community needs and causes.
Plan Your Charitable Legacy
To initiate your plan, please contact the Foundation president at 765-675-1940 or by email.
Tipton County Foundation, Inc.