is the Nance County Foundation, Inc.?
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.
How does the Foundation use its assets for the betterment of the
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
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.
a gift be designated to serve a specific organization or community
in Nance County?
Yes, for a gift of $5,000 or more, 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.
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 future benefit and
stability of the organization. The invested gift will benefit the
charity in perpetuity.
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.
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.
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.
are the support areas where my donation will be used if I do not
town, parks/recreation, housing, economic development, youth groups/summer
programs, libraries, civic improvement, cemeteries.
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
FOUNDER -- $1,000.00
PROVIDER -- $5,000.00
BENEFACTOR -- $10,000.00 and above
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.
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.