Donor Information
How to Create a Fund
Once you've discovered how affordable and financially advantageous charitable giving can be, you may be surprised. Before making any large decision about your financial or charitable wishes, ECCF suggests you consult with your financial advisor, accountant or attorney. These professionals can help you better understand how your personal situation may improve and your charitable dreams can be realized by setting up a fund at our community foundation.
ECCF believes that the process to establish to a new donor fund should be very straightforward for the donor. In fact, it's one of the biggest advantages of making a donation to ECCF. When you're ready to begin, simply contact us and we'll walk you through the following steps:
- Choose When to Give: You can create a fund during your lifetime, in your estate plan, or through a trust arrangement that benefits your family and favorite charities. Tax deductions are earned at the time of the gift, while grant making continues into the future.
- Choose What to Give: You can start your fund with almost any kind of asset: cash, publicly traded securities, closely held stock, interests in limited partnerships, real estate, or tangible property. Gifts of long-term appreciated property earn tax deductions for their full present market value.
- Choose a Name: Every grant from your fund carries its name. Many people choose to name their fund for the donor, for the donor's family, or as a memorial to someone special. Of course, you can also remain anonymous.
Ways to Give
- Cash
- Securities
- Life Insurance
- Charitable Remainder Trusts and Charitable Lead Trusts
- Transfer of Charitable Trusts
- Private Foundation Transfers
- Corporate Giving
- Bequests
- Other
Contributions of Real Estate, Tangible Personal Property, Closely Held Stock, Patents and Copyrights, Surplus Business Inventory, etc. are other ways of creating a fund within the Foundation.
Types of Funds
Designated Endowment Funds allow donors to direct their gift to a specific charity, to forever benefit that organization.
Donor-Advised Funds allow a donor to remain actively involved in their charitable giving. From time to time, the donor or an advisor of their choice may suggest who is to benefit from a specific gift.
Field of Interest Funds can be donor directed for a particular purpose, such as childcare or art education. ECCF then selects the specific non-profit organizations that best serve the fund's charitable intent.
Organization Endowment Funds allow non-profit organizations to create permanent endowment funds. ECCF handles all of the administrative and investment responsibilities, freeing the organization to pursue its mission.
Scholarship Funds allow a donor to help a group of students at a specific educational institution or in a particular curriculum pay for part or all of their education. The donor can be involved in establishing the selection criteria.
Unrestricted Funds remain in perpetuity to address needs within Effingham County as they change over time. A community based committee reviews and approves grants, then makes them in a specific fund's name.
Financial Management
ECCF takes its fiduciary responsibility to safeguard and grow funding for the greater good very seriously. Our legacy as a philanthropic leader and current role as a savings account for the community dictates the oversight of a well-reasoned investment philosophy. ECCF's Board of Directors has adopted a detailed set of investment policies and guidelines, which are summarized below.
Full audited financial statements and the Form 990 filed with the Internal Revenue Service are available for public inspection in the offices of the Effingham County Community Foundation.
The names of our investment managers, fees charged, and the individuals on our Investment Committee who are responsible for investment oversight are available upon request.
COSTS
Similar
to other types of investment managers, as a community foundation
ECCF does not charge any upfront fees to donors. Instead, ECCF
retains an annual management fee determined by the total volume
of assets under management in any one fund.
These fees are not inclusive of the investment management fees and the internal management fees charged by mutual funds. ECCF will endeavor, at all times; to negotiate the lowest fees possible using the collective buying power of the pooled accounts.
CURRENT FUNDS
All of these funds gratefully accept contributions for their growth!
John K. Hightower Memorial Fund: Established by family and friends in memory of John K. Hightower who died in 1997. Gifts from this fund will be made in the area of Fine Arts.
C.E.F.S.Econmic Development Coproration Fund: Established to provide general program funding to C.E.F.S.
Siemer Milling Fund: Established for general charitable giving by the Siemer Milling Company.
Heartland Human Services Fund: Established to provide general program funding to Heartland Hum,an Services.
Fedders School Technology Programs: Technology programs for Effingham schools.
Teutopolis State Bank: To fund various Teutopolis projects.
Bill and Jacquelyn Jordan Anderson Fund: Use of funds to establish a visual arts museum, art presentations, art scholarships for resident of Effingham County, or to help fund the purchase of a home for an organized Visual Arts Guild.
Bill and Jacquelyn Jordan Anderson Fund: Used for the benefit of youth (under the age of 21) of Effingham County. Recipients may include churches and religious organizations so long as their programs are not limited to members of their respective organization but are non-denominational in nature.
Grand Victoria Foundation: Childcare, Workforce Development, Land Use & Protection.
Agracel Can Do Fund: General Charitable Purposes.
Dr. Peter and Milla Kollinger Family Fund: Support Charitable organizations in the areas of medicine, the public library, and/or education.
Delbert E Facklam and Maradyl T. Hughes Facklam Fund A: Scholarship fund in memory of the Teutopolis High School Faculty and the Class of 1939.
Delbert E Facklam and Maradyl T. Hughes Facklam Fund B: Upkeep of Trinity Lutheran Church Cemetery, Shumway IL in memory of family members buried in the cemetery.
Delbert E Facklam and Maradyl T. Hughes Facklam Fund C: Upkeep of St. Paul's Lutheran Cemetery, Sigel, IL in memory of family members buried in the cemetery.
Delbert E Facklam and Maradyl T. Hughes Facklam Fund D: In memory of parish members St. Michael's Catholic Church, Sigel IL who had the ambition and foresight to build a high school in Sigel which Mr. Facklam attended for three years. Proceeds to be used by parish as required.
Delbert E Facklam and Maradyl T. Hughes Facklam Fund E: Upkeep of the Stewardson Illinois Cemetery in memory of Mr. Facklam's forefathers buried in the cemetery.
Helen Matthes Library Fund: Operating endowment to be used to support programs and activities at the Library that benefit the entire community.
Unit 40 Foundation: Scholarships in Unit #40.
COHIHO Family Foundation Fund: Established in December of 2004 to provide support to qualified charitable organizations.
Vision 2020 Community Fund: This fund has been established at the Effingham County Community Foundation to accept corporate and private donations to support the Vision 2020 program for community enhancement.
Disaster Relief Fund: Created in partnership with Petro Stopping Center for the purpose of funding the transportation costs of trucks taking supplies to the victims of Hurricane Katrina.
