About the Foundation
Wallace County Foundation became an Agency Foundation of Greater Northwest Kansas Community Foundation in August 2018 with select funds managed by GNWKCF.
Wallace County Foundation is an Agency Foundation of Greater Northwest Kansas Community Foundation with select funds managed by GNWKCF.
Wallace County Foundation became an Agency Foundation of Greater Northwest Kansas Community Foundation in August 2018 with select funds managed by GNWKCF.
Donors receive charitable gift receipts for the contributions to their established DAF. The fund is normally named in someone’s memory or established as a “Family Fund”, however, the donor(s) may personalize as they wish. The donor(s) are setup as the advisors to their Fund, which allows them to make all grant recommendations from their DAF. Grant recommendations must be to qualifying charitable 501(c)(3) organizations, educational, government or religious entities per IRS rules. The donor(s) may name succeeding generations as successor advisors or transition it to the Foundation to advise over upon donor(s) death.
We have an opportunity in Wallace County to turn our hopes for the future into reality! If we capture a portion of the transfer of wealth from one generation to the next – even just 5% – by setting up endowments through the Wallace County Foundation, we could provide a permanent source of funding for our local organizations and causes that will greatly improve the lives of the residents of Wallace County.
Wallace County Foundation
PO Box 471
Sharon Springs, KS 67758
Grace Reinecker, Program Assistant
wacofdn@gmail.com
Wallace County Foundation is an Agency Foundation of Greater Northwest Kansas Community Foundation with select funds managed by GNWKCF.
Donate Today to Wallace County Foundation Match Month Campaign Today!!
Wallace County Foundation became an Agency Foundation of Greater Northwest Kansas Community Foundation in August 2018 with select funds managed by GNWKCF.
Wallace County Foundation
PO Box 471
Sharon Springs, KS 67758
Grace Reinecker, Program Assistant
wacofdn@gmail.com
We have an opportunity in Wallace County to turn our hopes for the future into reality! If we capture a portion of the transfer of wealth from one generation to the next – even just 5% – by setting up endowments through the Wallace County Foundation, we could provide a permanent source of funding for our local organizations and causes that will greatly improve the lives of the residents of Wallace County.
Donors receive charitable gift receipts for the contributions to their established DAF. The fund is normally named in someone’s memory or established as a “Family Fund”, however, the donor(s) may personalize as they wish. The donor(s) are setup as the advisors to their Fund, which allows them to make all grant recommendations from their DAF. Grant recommendations must be to qualifying charitable 501(c)(3) organizations, educational, government or religious entities per IRS rules. The donor(s) may name succeeding generations as successor advisors or transition it to the Foundation to advise over upon donor(s) death.
Funds which support a specific charitable organization or community foundation designated in the establishing documents.
A charitable fund in which the donor recommends grants to charitable organizations of his / her choice. Download more information HERE.
A fund established to provide grants to specific causes (not just one specific charity) you designate such as the arts, education, health and human services, a geographic location, or the environment. Download more information HERE.
A fund specific to a named community foundation or charitable organization.
A fund to disburse scholarships to students meeting a set criteria (geographic, field of study, academic performance, community service, etc.), generally on a competitive basis, to be used for educational expenses. Scholarships are made payable to the educational institution on behalf of the student and not payable directly to the student.
Download more information HERE.
A fund in which a broad range of interests and activities may receive grants empowering the community foundation to make strategic grants wherever the greatest need and opportunity exists.
Donations made to an ENDOWMENT fund are intended to be given for perpetuity. The principal funds are invested and only the earnings are available for charitable grants.
Donations made to a NON-ENDOWED fund may be granted at any time per the guidelines of the established fund.
Not to add confusion to the mix, there is also a QUASI-ENDOWED fund which in essence is still an endowment fund with some prevision that principal may be accessed at the organization’s discretion when there are extenuating circumstances.
Regardless of endowment status, all funds are still subject to donor restrictions or intents per establishing documents.