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.
In 2015 the Charitable IRA Rollover provision was permanently extended into the future. This law allows an individual who is 70½ or older to gift up to $100,000 from his or her IRA directly to a qualified charity such as the Nebraska Community Foundation or for the benefit of an Affiliated Fund of NCF without having to recognize the IRA distribution in taxable income.
How it Works:
2016 FACT SHEET Charitable IRA Rollover.pdf
Doug and his wife, Judy, made a generous commitment to both the Imperial Community Foundation Fund and the Nebraska Community Foundation. Their gift comes in the form of a life insurance policy – $200,000 to ICFF and $50,000 to NCF – that will benefit both organizations in the future. Doug and Judy make tax-deductible contributions to fund the premiums on the policy, and the policy is owned by NCF for the benefit of ICFF and the NCF Endowment.Read more →