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What is it?
The St. Francis New Generation Fund, Inc., is a non-profit corporation, duly incorporated under the laws of Kansas on June 2, 1988. The sole purpose of the Fund is to accumulate assets and to use only the earnings from those assets for continuing to improve the quality of life in St. Francis and the St. Francis area. The earnings from the Fund will not be used to replace other available money, but to provide needed money where none is available.
The Fund has been officially endorsed by the St. Francis City Council. |
How and when may I give to it?
You may give material assets at any time and in any form to the Fund - from cash contributions to an entire estate. Donations to the Fund might especially be considered at tax time, as a memorial to a loved one, when you make your will, etc. Donations should be specified to: St. Francis New Generation Fund, Inc., c/o St. Francis City Office, PO Box 517, St. Francis, Kansas 67756. |
Why should I give to it?
The Fund is an ideal opportuity to ensure and improve "The Good Life" in St. Francis for future generations in perpetuity. Whereas some donations are directed to a specific use only, this fund is cross-sectional in its approach and is intended to represent and support all aspects of quality lif in St. Francis - economic, cultural, religious, educational, recreational, etc.
Your tax-deductible gift to this fund will keep on giving in many ways to each new generation. |
Giving Suggestions |
| Cash: Always a good gift. If you itemize deductions, you can deduct up to 50% of your adjusted gross income this year, and if you can't use the whole gift as a deduction, you can continue the deduction for five more years. |
| Appreciated Stocks and Bonds: An even better gift. If you sell appreciated assets, you will have to pay capital gains tax on the appreciated value. If the New Generation Fund sells them, they do not have to pay capital gains tax. So, your gift is worth 28% more than if you sell it and give the cash. If you itemize deductions, you can deduct up to 30% of your adjusted gross income, and then have five more years to deduct any excess. |
| An Endowment Gift: A gift for all time to come. You can give very special instructions that specify how the income is to be used year after year. An Endowment Committee will hold the principal in perpetuity. No gift is too small, no gift is too large. |
| A Gift of Wheat, Cattle, or Other Income-Producing Assets: Transfer ownership to the New Generation Fund, and let us sell the asset. You will recieve no income tax deduction, but you will not have to claim income, so the tax consequences are a wash. |
| Charitable Gift Annuity: This is the gift that pays you an income for the rest of your life, and then at your death (or your spouse's death) it passes to the New Generation Fund, Inc. Interest rates are better than CD's. Ask someone to visit with you, or check it out with your investment advisor, banker, and/or lawyer. |
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