The Wayne-Goshen Area Community Foundation is a vehicle through which individuals, companies, foundations, and charitable organizations are able to make gifts and bequests to benefit the citizens of the Wayne-Goshen Area into perpetuity. The Foundations is both flexible and permanent in nature thus assuring donors that the spirit and intent of their gifts will endure.
You, Too, Can Be a Philanthropist!
Your contributions to the Foundation may be unrestricted – to be allocated by the Board of Trustees to adapt to changing community needs. Or, You may specify the general purpose of your gift in keeping with your own philanthropic goals and charitable interests. Either way, your financial contribution to the Wayne-Goshen Area – made through the Wayne-Goshen Area Community Foundation – will have a lasting impact and will help enhance the quality of life for future generations.
You May Create Your Own Fund:
- Unrestricted Fund – Enables the Foundation to respond to changing needs and emergencies, to support the creation of innovative responses to community problems, and to improve the quality of life for all citizens. You place no restrictions on how these funds are to be used, relying on the Board of Trustees to implement the Foundation’s established grant making policies and procedures.
- Field of Interest Fund – Supports a broad area of your concern, such as education, youth, scholarship, the disabled, the arts and health services. The Foundation makes grants to the most appropriate individuals, programs or agencies within the field of interests you have specified.
- Designated Fund – Ensures that support will be provided to specific eligible not-for-profit organizations named by you. Grants from this type of fund are often used for operating support.
- Agency Endowment Fund – The Foundation manages the endowed funds and allocates income on an annual basis to the agency. If a particular organization should cease to operate, the Foundation will continue to support the organization’s objectives through other not-for-profit groups.
- Donor Advised Fund – Provides maximum convenience and flexibility by enabling you to make contributions to charitable organizations in both lean and profitable years through the Foundation. By creating this “charitable checkbook”, you can make suggestions for distributions to specific charities. Some donors choose this type of fund, or a designated fund, to remember their alma maters, churches and other favorite charities.
- Administrative Endowment Fund – Affords you an opportunity to provide support for ongoing operations to the Foundation. This type of fund enables the Foundation to charge exceptionally modest fees for expenses against the funds entrusted to it to manage.
- Pooled Income Fund – Also known as a “charitable remainder trust”, allows the donor to make a gift of property, usually appreciated stock, while at the same time retaining an income stream for the donor or for someone else (such as spouse) during their lifetime. Properly established, the pooled income fund can reduce income taxes as well as estate tax.