WESTERN COLORADO COMMUNITY FOUNDATION

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Donor-advised Funds Personal and Flexible Giving for Your Family Thomas B. Beard Fund Celebrating a Lifetime of Community Involvement Tom Beard was a successful real estate developer in Florida when he moved to Colorado in 1993 to accept the position of President of Battlement Mesa. He worked for more than a decade building the planned community south of Parachute in western Garfield County. Tom came to love the landscape and lifestyle of western Colorado. He and his wife, Pam, owned a small ranch that they ultimately placed under conservation easement to preserve its beauty. The Power of Endowments Gifts that Keep on Giving, Keep on Growing Tom always believed in working and contributing at the “grass roots” level in all things that mattered most to him: politics, education, affordable housing, and the development of neighborhoods where people could live well and thrive. His wife set up a memorial fund to remind people of the difference he made in his life. “I think a charitable endowment fund is a beautiful way to pay tribute to someone I love who made a distinct difference in our community. This fund will allow me to support things that mattered to us while continuing to remember him.” Endowments have been described as the charitable gift that lasts. Donors interested in permanently supporting their favorite charity are invited to consider a named endowment fund at WCCF. For example, Mrs. Altruistic Smith currently makes an annual gift of $500 to her favorite charity. Mrs. Smith can establish an endowment of $10,000. The endowment gift could be made now or as an end-of-life gift. Every year, her favorite charity would typically receive a 5% payout in Mrs. Smith’s name. Assuming 8% annual earnings, in 20 years the $10,000 endowment will have grown to $14,860, plus the charity would have received a total of $12,150. And this gift will keep on growing and giving in Mrs. Smith’s name. Donor-advised funds are the most flexible of our endowed funds. Earnings are available every year for the donor family to grant to charities of their choosing. Children, grandchildren and other family members are frequently involved in the process, continuing the tradition of family philanthropy in memory of the donor. Donor-advised funds are an attractive alternative to private foundations; all legal, tax and administrative requirements are handled by our organization. Please contact us at (970) 243-3767 to discuss your interests. • • • •
Nonprofit Agency and Designated Funds Permanent Funding for Organizations Marillac Clinic Insuring health care in the future for those without Marillac Clinic has provided affordable primary health care to uninsured, low-middle income residents of Mesa County for over twenty years. Last year more than 294,000 patients received medical, mental health, dental and optical care. In 2008, Marillac Clinic made a commitment to start an endowment fund at our Community Foundation to help diversify its annual income and to insure that its services and programs would be sustainable in the future. O’Nita Burnett, Marillac’s Director of Finance, said, “The Community Foundation is an attractive partner for us. We are in the health care business, they are in the endowment business. Our donors can have confidence their endowment donations will be well managed and invested to grow over time. We can focus on patient care and leave investing decisions to the pros.” Endowments provide a permanent source of funding for nonprofit organizations: “Agency funds” are established by the nonprofit organization. “Designated funds” are established by a donor to provide ongoing annual support to a favorite nonprofit. Working through WCCF, donors know their funds are expertly managed by an organization that specializes in charitable endowments. Pooled investments can earn better returns. And donors can have confidence their contributions will be used as intended. Valley View Hospital Foundation First hospital to establish an endowment with our Community Foundation The Valley View Hospital Foundation raises private donations, grants and capital funds to accelerate excellence in health care at the Glenwood Springs hospital. Established in 2003, the Foundation is a relatively new organization and has demonstrated a remarkable track record, raising over $3.8 million in five years. This year its board wanted to start an endowment fund and chose WCCF as its partner. Mary Steinbrecher, President of the Board of Directors, remarked, “We are pleased to partner with the WCCF in managing our endowment. This allows us to focus on the development tasks of our Foundation.” In the future, the endowment will provide funding for special projects every year. Grand Valley/Parachute Kiwanis Club Service club leaders perpetuate commitment to their local community The Grand Valley/Parachute Kiwanis Club is an active service organization of 72 members serving the Parachute area since 1993. In 2008, their Foundation established an endowment fund with our Community Foundation. Notes long-time Kiwanis leader Roy Brubacher, “The goal of Kiwanis is to help children – our goal for a long time. And I figure we are going to have children to serve well into the future. An endowment helps point our organization towards that future.” • • • •
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WESTERN COLORADO COMMUNITY FOUNDATION

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