Giving to and through the Clarinda Foundation is an easy way to help support the community you love and have been a part of.
The Clarinda Foundation is a tax-exempt, public charity that allows people to establish a fund or contribute to an already existing fund that will benefit non-profit organizations in the area, assuring that your charitable dollars are making an impact in the areas of greatest community need.
The Clarinda Foundation accepts a variety of gifts:
- Cash
- Real estate (home, farmland, vacation property)
- Marketable securities
- Personal property (artwork, boats, etc.)
- Grain
- IRA, 401(k), or other retirement accounts
- Life insurance
- Charitable gift annuities
- Planned gifts designated in a will or estate plan
- Charitable remainder trusts
Benefits to Donors
Giving through the Clarinda Foundation offers distinct advantages.
SIMPLICITY – Establishing a fund or contributing to an existing fund at the Clarinda Foundation involves very little paperwork and can be done quite quickly.
EFFICIENCY – One contribution to the Clarinda Foundation can address a wide variety of charitable interests to benefit one or a number of community needs and non-profit organizations.
PERMANENCE – A gift to create or add to an endowment fund will continue to provide charitable support in perpetuity . . . today, tomorrow, forever.
FLEXIBILITY – Donors can realize nearly any charitable intent by choosing from among a variety of fund types offered at the Clarinda Foundation. In addition, the assets that can be used to establish or contribute to a fund provide an opportunity for each individual, family, or business to make an impact in the way that is most effective for them.
CONVENIENCE – Establishing a fund with the Clarinda Foundation is less costly and time consuming than handling it yourself. The Clarinda Foundation handles all of the paperwork, record keeping, and administrative details.
TAX BENEFITS – The Internal Revenue Service has classified the Clarinda Foundation as a tax-exempt 501(c)(3) of the Internal Revenue Code. As such, all contributions to the Clarinda Foundation are tax deductible to the greatest extent allowed by the law. In addition, gifts to a permanent endowment fund through the Clarinda Foundation may be eligible for a 25% tax credit through Endow Iowa in addition to any federal deductions (a state deduction does not apply when receiving an Endow Iowa Tax Credit).
PROFESSIONAL MANAGEMENT AND ACCOUNTABILITY – Funds administered by the Clarinda Foundation are pooled for investment purposes that provide optimum investment diversification for individual funds of any size.