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is the Nance County Foundation, Inc.? The Nance County Foundation, Inc. is a Nebraska non-profit corporation which has been established (1992) to accept gifts and contributions of any size for the benefit of Nance County and its communities. Foundation assets are invested and the principal and/or income used for grants to organizations as designated by donor, or if there is no designation, to qualified organizations in the Nance County area which meet the needs of the County.
The Foundation will always
follow the instructions of a donor who names a beneficiary. When
beneficiaries are not named, grant applications are solicited from
throughout the county. Those applications are evaluated by the Foundation's
Board of Directors, who select to fund those projects which best
meet the County's civic, cultural, education, health or welfare
needs. Who manages the funds? The Funds will be managed
by a committee made up of members of the Board of Directors of the
Nance County Foundation, Inc. Their efforts will meet the needs
of the Foundation and the principles set forth by the Articles and
Bylaws governing the Foundation. Can a gift be designated to serve a specific organization or community in Nance County? Yes, a donor may designate
a favorite charity or several charities or other qualified non-profit
organizations in a specific Nance County community to receive the
benefit of the donor's gift, as, and when, the donor may direct,
with the approval of the Foundation's Board of Directors. Why should a donor give to the Foundation when a gift can be made directly to a charity? A gift to the Foundation
will insure that the gift will be preserved for the benefit and
stability of the organization. The invested gift will benefit the
charity in perpetuity. Can I make a gift of a life insurance policy to the Foundation? You certainly can. You
may be able to deduct all premiums as charitable contributions too!
Consult your tax advisor. Life insurance is a very sensible gift
because a modest premium during life can provide a substantial amount
to the Foundation at death. Can I include the Foundation in my Will? Yes, your Will can designate
the Foundation as beneficiary. The Will can specify a lump sum dollar
devise or a percentage of your estate. A devise to the Foundation
in your Will would be exempt from Federal and Nebraska Estate and
death taxes. You should consult your attorney or tax advisor for
specifics on exemptions. What are the tax advantages of a gift or contribution to the Foundation? Because the Nance County
Foundation, Inc. is recognized as a "public charity",
donors may deduct a substantial portion of their gross income from
gifts made in cash and for gifts of of appreciated property. Consulting
with your tax advisor or attorney is recommended. What are the support areas where my donation will be used if I do not specify? Fire/Rescue, school,
town, parks/recreation, housing, economic development, youth groups/summer
programs, libraries, civic improvement, cemeteries. How will my gift be recognized? The Foundation maintains a Book of Memory which memoralizes deceased persons. It is the policy of the Foundation to enter names in the Book of Memory for a minimum gift of $10.00. Levels of giving will be recognized as: BUILDER -- $500.00 The name of the donor
will be inscribed on a bronze plaque on the Wall of Honor. Contributions
can be made by anyone and given as a memorial or as a gift in recognition
of an individual, family, business or organization. Successive donor
program contributions build for higher levels of recognition. Why should I make a gift or bequest to the Foundation? All of us have benefited from the far-sighted generosity of prior generations who had an abiding faith that it was their Christian duty to make life a little better for the generations to follow. Now it is our turn to do the same for generations to come. Making a tax free contribution to the Foundation would be an excellent way to accomplish this.
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