For Donors

Ron and Judy Parks of Papillion are Longtime Supporters of the Nebraska Community Foundation

Ron and Judy Parks

Ron and Judy are longtime supporters of the Nebraska Community Foundation. Ron served as NCF Board member and Chair from 1997-2006 and continues to provide guidance through his involvement as an Honorary Board member. Judy began her first term on the Board in November 2010.

Ron used a Charitable IRA Rollover to make a major contribution to the Ford Challenge Grant campaign. 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.

“I turned 70 ½, so I have to take a required minimum distribution from my IRA annually, and I have to pay taxes on that. Since I’m still working, I don’t need the extra income and I certainly don’t need the extra taxes,” Ron said.

“I looked at different ways of charitable giving, including gifts of highly appreciated stocks, gift annuities and life insurance, and for me the Charitable IRA Rollover seemed like a great way to make a charitable gift.”

Ron grew up on a farm near Foster, Nebraska. He is the founder of Millard Manufacturing Corp. in Omaha. He is also an accomplished sculptor whose work has been displayed at Ural State University in Russia as part of their cultural program. His sculptures are placed in several prominent locations in Omaha, such as in Gene Leahy Mall and Joslyn Museum’s Discovery Garden.

Judy Parks grew up in Wichita, Kansas and Warrensburg, Missouri. Judy is an avid conservationist, pilot, researcher and writer. With Ron she co-wrote a book on managing a small business, and is currently writing a book on heart-healthy cooking.

When they are not working, volunteering and creating, Ron and Judy enjoy spending time boating in the Pacific Northwest.

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.

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For Donors

Ron and Judy Parks of Papillion are Longtime Supporters of the Nebraska Community Foundation