For Donors

Retired School Teacher Gave Back with a Charitable Gift Annuity

Kathryn Wall

Charitable Gift Annuity, Endowment Building

Kathryn Wall devoted over 30 years of her life to teaching students in various elementary grades in several school districts in southwest Nebraska. She retired and spent her final years in McCook, Nebraska. Kathryn wanted to make a gift to benefit one of her favorite charities. She turned to her CPA, Doug Skiles of McCook, for advice. An interesting personal note is that Doug is one of her former students.

“Over the years, Kathryn and I had discussed several gifting strategies, including the benefits of a charitable gift annuity. This was a very good fit with Kathryn’s situation.” A charitable gift annuity is a contract between a donor and the Nebraska Community Foundation. The Foundation agrees to pay to the donor a fixed and level amount of income for life. The annuity income can be over a period of one or two lifetimes. A charitable gift annuity provides an attractive current income tax deduction.

“Making a gift to through a gift annuity makes me feel good. I like knowing my annual gifts will continue in the future with the earnings from the endowment that will be established with the gift annuity. Plus the income from the gift annuity gives me peace of mind that I am taking care of myself. I hope others consider doing the same thing,” explained Kathryn.

When Kathryn Wall passed away in 2011, the residual of her gift annuity was placed in endowments to benefit two of her favorite charities - a Christian radio station and McCook Community College. These gifts will go on giving for generations.

The Bullers have made Charitable Giving a Central Part of their Lives

Wayne and Bev Buller

Wayne and Bev Buller have made charitable giving a central part of their lives. They have chosen to continue their charitable giving beyond their lifetimes through their estate plan. We are proud to include these generous Nebraskans as members of our Legacy Society Stakeholders Club and Jim and Elaine Wolf Club.

Dan and Sarah Miller

With today’s high prices and a positive outlook for commodity markets, many farmers are considering gifts of grain to fulfill their charitable intentions.

When a farmer delivers grain to market and transfers ownership to a charity, they get greater tax savings than if they sell the commodity and then write a check from the proceeds.

The Nebraska Community Foundation makes it easy for ag producers to make charitable donations.

Beverly and Gene Johnson

In 2011 Wausa needed new library facilities. So as they have done often in the past, Gene and Beverly Johnson have made a major gift to the community. Gene and Beverly each used a Charitable IRA Rollover to make a combined gift of $40,000 to move the project forward.

The Charitable IRA Rollover law, which expired December 31, 2011, allowed those age 70½ and older to transfer funds from an IRA to a charity tax free.

Title	Description
Charitable Gift Annuity	A Charitable Gift Annuity, allows the donor to make a gift and receive fixed income payments for life and/or for the lifetime of a surviving beneficiary. More information.
Charitable Remainder Trusts	A Charitable Remainder Trust is a legal instrument into which a donor transfers irrevocably the ownership of assets such as securities or real estate. In return, the donor receives an immediate charitable income tax deduction and the right to receive an income. When the trust ends, the property remaining in the trust passes to the Nebraska Community Foundation to be used according to the donor’s directions. More information.
Donor-Advised Funds	A donor-advised fund can be established and funded either currently or with a testamentary gift. The donor or the fund advisors recommend grant disbursements to eligible charitable organizations within Nebraska Community Foundation guidelines. This type of fund also qualifies for the highest charitable income and estate tax deductions allowed by law, while bypassing capital gains tax on gifts of appreciated assets to the fund. More Information.
Endowment Building	A Permanent Endowment Fund is held in perpetuity and invested in a manner that protects the principal while the investment income provides ongoing support for donor-designated projects and expenses approved by the Fund Advisory Committee. Many donors choose to give to unrestricted endowments of the affiliated funds they wish to support.
Ford Challenge Champions	The Ford Foundation issued a $1 million challenge grant to the Nebraska Community Foundation to support our development work and build the NCF endowment. Ford Challenge Champions are donors who are helping us meet our $3 million match.
Gift of Ag Commodities	Fluctuating prices have created opportunities for making tax-advantaged gifts of grain or livestock.
Gifts of Life Insurance	Many Nebraskans have found that a gift of life insurance is an easy and convenient way to make a gift to support their hometown. There are three ways to make a gift to your hometown using life insurance: with an existing policy, by beneficiary designation and with a new policy. More Information.
Gifts of Real Estate	A gift of real estate offers several special tax incentives and other benefits. More Information.
Gifts of Retirement Plan Assets	Many Nebraskans have taken advantage of generous tax incentives provided by tax law to save for their retirement years. Known as “qualified” retirement plans, these plans, Individual Retirement Accounts (IRAs), 401(k), Keogh and others, feature income tax benefits when contributions are made to the plan. Plus, the money in the plan accumulates tax-free until it is withdrawn for retirement. More Information.
Gifts of Securities	Tax laws offer a triple tax benefit for gifts of securities (stock, bonds and mutual funds) that have increased in value since purchase or acquisition. Donors can receive several tax benefits: charitable income tax deduction, avoidance of capital gains taxes, and reduction of potential estate taxes. More Information.
Gifts of Tangible Personal Property	Tangible personal property is broadly defined in the tax code as any property, other than land or buildings that can be seen or touched. More information.
Scholarships	Scholarships, especially non-traditional scholarships, are a technique many donors have used to help strengthen the workforce for their hometown.
Wills and Bequests	A bequest, a gift in your will, is an opportunity to make a difference in the quality of life in your hometown and continue the support you have provided during your lifetime. More Information.

Inspiring Charitable Giving...

Investing in our Communities

For Donors

Retired School Teacher Gave Back with a Charitable Gift Annuity

Kathryn Wall

The Bullers have made Charitable Giving a Central Part of their Lives

Wayne and Bev Buller

Gifts of Grain: Give more to your community. Pay less in taxes.

Dan and Sarah Miller

Couple Helps Local Library

Beverly and Gene Johnson

More Donor Stories...