The Anaconda Community Foundation was established to help the people of Anaconda-Deer Lodge County build a permanent financial legacy to support charitable work in the Anaconda area forever.With a focus on building endowed funds and addressing specific community issues through grants, the foundation:
* Works directly with donors to execute their charitable and financial goals
* Makes grants to programs focused on Anaconda community vitality
* Improving educational opportunities
* Advocates for public policies that encourage charitable giving
* Administers endowments for Anaconda non-profit agencies, providing predictable distributions to support their operating needs.
Anacondans are generous people. We contribute to charitable causes of all kinds and we go the extra mile to help our friends and neighbors. We donate when we see a need and we make gifts of cash or contributions of in-kind goods and services to causes important to us and our community. However, there is another way we can support our community which, in the longer term, can be even more effective:
that way is through planned giving to the Anaconda Community Foundation.The Anaconda area is in need of help through leadership, planning and financial assistance as we rebuild through the reclamation project, and as slow, sustained growth occurs. There is no way to anticipate what the needs will be in ten, twenty, fifty or a hundred years. However today's gifts to the Anaconda Community Foundation can ensure that those needs will be addressed as they arise.
This support for our community gives donors access to income during their lifetimes, estate and tax planning tools, and builds permanent financial wealth to support our community's charities. It is called
Planned Giving.
Ben Franklin illustrated the power of planned giving when he left roughly $4,000.00 each to the cities of Philadelphia and Boston. His will included specific instructions to ensure that the funds were untouched and could build over time to generate earnings to be used for charitable purposes. By 1990, 200 years after Franklin's death, his bequests had grown into multi-million dollar endowments that continue to fund scholarships, fire departments, libraries, job training and arts in those cities.
What is Planned Giving?Planned gifts are part of estate and tax planning and are usually made in consultation with financial and legal professionals. A donor usually makes a contribution from his or her assets or estate, rather than from current income.A donor usually receives current income and tax benefits. The benefit to charity is deferred to a future time, usually at the death of the donor or the donor's successor.
Who should make a Planned Gift?People in their retirement years who want to leave a portion of what they've gained in Anaconda to support sustained growth in the Community, and want to be sure the funds they leave are carefully managed.Younger donors who have made maximum contributions to their retirement plans, want to create additional retirement income, and want to help Anaconda while receiving current tax relief.Anyone who realizes the benefits of growing up and living in a small community in beautiful western Montana and wants to express their gratitude through an enduring gift.
Why make a Planned Gift?To make a larger contribution to charity than is possible with an outright gift during the donor's lifetime.To ensure that charitable intentions of donors continue beyond their lifetimes.
How can I make a Planned Gift?You can achieve nearly any charitable wish by choosing from the variety of fund types offered by the Anaconda Community Foundation. These fund types can be created as:
"Endowment Funds" in which only the income is distributed and the principal remains intact. This allows new interest to generate all the time, creating funds for charity forever.
"Pass-Through Funds" in which both principal and income are channeled immediately to charitable causes of the donor's choice. The donor is able to direct the use of all the funds donated in this way and is assured that those funds go only to the charity of the donor's choice.
How does the foundation manage my Planned Gift?Professional funds managers, selected by the Foundation's Board of Directors, invest planned gift assets according to the Foundation's investment policy. The Foundation assumes the responsibility for all reporting, filing tax returns and making payments to beneficiaries.Once the last surviving beneficiary dies, the remainder of the planned gift is transferred to the charity's endowment. It is then invested and the proceeds used to benefit our Community and neighbors.The gift remains with the foundation forever, and as the gifts grow, more and more interest on the invested funds is available for charities to request to improve the community of Anaconda and surrounding area.
For more information on the Anaconda Community Foundation, phone 406.563.5259 or email
info@anacondacommunityfoundation.org. We will be happy to discuss the process further with you.
Anaconda Community Foundation: in the "forever" business.