Partnering with Professional Advisors
Steve and Bev Harms
“Steve and Bev wanted their charitable giving to have long-term impact, but they were concerned. They didn’t want to bog down their children with administrative work – they wanted to give them the opportunity to enjoy the fun part of charity,” said attorney Christin Lovegrove. “I knew that NCF would be the perfect avenue.”
The solution was to establish an endowed donor-advised fund through the Nebraska Community Foundation. The Fund Advisory Committee will include their two children, Scott Harms and Jamie Calkins, and trusted others.
“I like the idea of giving back in a way that it doesn’t all get spent in one shot. With an endowment, only the annual earnings can be spent so the giving goes on forever,” said Steve.
Steve and Bev have lived in the Davenport/Deshler area all their lives. After farming for 30 years, Steve and their son, Scott, started MetalQuest Unlimited, Inc. in 1996, a CNC machining business. Bev works at Priefert Pharmacy in Hebron, in addition to being a homemaker.
Steve and Bev believe that it’s important to give back to their community – not only their gift, but also the idea that other people can give back through methods like this. Their children agreed.
“NCF was just what we were looking for,” said Steve. “We thought about having a private foundation, and then Christin explained how expensive that can be. Now all the administration of our charitable giving is taken care of. With the tax rules and other issues, it’s nice to know that everything will be taken care of. With NCF, we’re secure that all of our directives will be honored,” Steve said.
“Working with people who make these kinds of gifts is such a fulfilling part of my job,” Christin said. “NCF handles all the details. The fewer the burdens the better it works!”