For Our Donors
Making a charitable gift to the Rifle Community Foundation, or establishing a charitable endowment with the Rifle Community Foundation, in conjunction with the Western Colorado Community Foundation, ensures the continuation of our valued heritage and way of life in Western Colorado. The Rifle Community Foundation can act as a tax-deductible conduit to accomplish specific charitable projects favored by a donor.
Among the funds RCF is prepared to implement are the following:
- Unrestricted accounts are for funds which will be targeted by the Board of Trustees to meet the community’s most pressing needs.
- Field of Interest accounts allow the donor to decide the general purpose of a fund, such as historical preservation or the needs of the elderly, but without the restriction of naming specific beneficiaries.
- Donor Advised accounts allow the donor to recommend which grants are made with their funds.
- Designated Fund accounts are established by donors who wish to support only a specific organization or activity.
- Scholarship accounts may be established by a donor to benefit individuals or groups for a wide variety of academic, personal growth, or continuing education purposes.
- Commemorative and Memorial accounts may be established by a single donor and contributed to by others in honor or memory of an individual or family.
Donations can be accomplished by outright gifts, including gifts of appreciated property; trusts; irrevocable gifts with retained life estates; and bequests under the donor’s will. Any gifts will be gratefully acknowledged, but the donor may remain anonymous if he/she wishes.
If you are interested in making a charitable gift or establishing a charitable endowment, please contact any of our Board Members.
The Power of Endowment
“Endowment” is a fancy word for a permanent intention to support a charitable cause. When an endowment is established, it is intended to last, it is intended to grow, and it is intended to benefit a charitable cause.
An endowment is the “gift that keeps on growing, keeps on giving”. As the initial gift of a donor continues to grow through prudent asset management, it also produces earnings that are distributed according to the intentions of the donors. It is a very flexible way to assure a continuous stream of income for a purpose, organization, or area that is close to your heart. And an endowed fund is not “fancy”; it can be started with $5,000.
Rifle Community Foundation has chosen the Western Colorado Community Foundation (WCCF) to be its endowment partner. As a regional Foundation, WCCF has the longevity, structure, administrative office, and legal oversight to manage endowments established for the benefit of the Rifle Community. All required legal, tax and administrative requirements are handled by WCCF on behalf of the donor. If you are interested in this very flexible and permanent vehicle to support a favorite charitable organization, to memorialize a loved one, or simply to give back to your Community through the Rifle Community Foundation, please contact us.
Katherine Potter Mackley
Rifle Community Foundation liaison to Western Colorado Community Foundation
970-319-8901
kpotmac@yahoo.com