The Nebraska Community Foundation works with community, organizational and donor-advised affiliated funds serving 250 communities located in 80 counties. NCF and its affiliated funds have reinvested $269 million in Nebraska since 1994.
The late Richard Manning admitted that he liked to kid around. However, the charitable gift that he and his wife, Louisa, made will have a truly meaningful impact for generations to come.
Richard and Louisa Manning, both 1944 graduates of Exeter High School, used a charitable IRA distribution to make a $50,000 challenge grant to the Exeter Community Foundation Fund to establish an unrestricted endowment. The Charitable IRA Rollover law allows those age 70½ and older to transfer funds from an IRA to a charity tax free. Their hometown community successfully raised over $100,000 in additional funds in just two years, creating a $150,000 permanent endowment.
In addition, Mr. and Mrs. Manning contributed $50,000 to the Nebraska Community Foundation’s endowment.Read more →