Author: ckcfashley

Scholarship Award Spotlight: Christine Conway

Posted on

Christine Conway

  • I plan to complete my undergraduate degree at Friends in two years and then go on to the Physical Therapy graduate program at Wichita State.
  • Clifford and Rubye Angleton Scholarship

Gift Amount: $12,000 for three years

The Scholarship

The Clifford & Rubye Angleton Scholarship Endowment Fund was established in May 2009, through the Central Kansas Community Foundation – Butler County, for the education of doctors and nurses of Butler County. Clifford and Rubye Angleton were lifelong Butler County residents. Rubye was born and raised on a ranch southeast of Rosalia, Kansas, and attended Rosalia public schools. For many years, she worked for McClure Motor Company in El Dorado as a bookkeeper. Clifford was born in Towanda, Kansas and attended Towanda public schools. He, likewise, worked for McClure Motor Company. The Angletons later decided to go into business for themselves and opened the Angleton Kunkel Garage at 347 North Main in El Dorado, which later became the Angleton Garage and still is known by that name today. Clifford & Rubye had no children and lived frugally all their lives. It was their desire that their thrift would aid in the education of the future doctors and nurses of Butler County.

Impact

This scholarship has been instrumental in allowing me to attend a private four year institution. I receive little aid from the government and my parents have two children in college so they are limited in the funds they can supply. This scholarship means I can stay at Friends University and live on campus with my friends.

Apply Today!

Check out CKCF and regional affiliates scholarship opportunities on our website

Apply TODAY! Newton Health Grant Deadline April 26

Posted on

Central Kansas Community Foundation is closing the Newton Area Health Grant on Thursday, April 26, 2018. This grant is funded with proceeds from the Kansas Health Foundation Fund-Newton and is to underwrite solutions to local health issues, and for the protection and promotion of the health and well-being of individuals and their communities through the encouragement of healthy lifestyles, behaviors, and environments. This grant is specifically for projects and programs that support the Newton, KS residence.

Qualified applicants must possess a 501(c)(3) status under the Internal Revenue Service code, be exempt under statute (i.e. educational institution, church, a city or county), or be formally linked to an organization with such designation.

FUNDING REQUESTS SHOULD NOT EXCEED $3,000.
THE GRANT APPLICATION MUST BE SUBMITTED BY 5 P.M. ON
Thursday, April 26, 2018.

All applications must be submitted online by clicking the Apply tab.

All submissions are subject to the process, procedures, and rules of Central Kansas Community Foundation.

Upon review by the Central Kansas Community Foundation Grant Selection Committee, additional information may be requested for clarification.

Recipients of funds will be selected and notified no later than May 11, 2018. Grant Award Ceremony will be held May 31, 2018 at Old Mill Plaza, Newton, KS.

If you have questions, please contact:

Brenda Sooter
Program Officer ~Grants
Central Kansas Community Foundation
301 N. Main, Suite 200 | Newton, KS 67114
O: 316-283-5474 | C: 316-288-3228
brendasooter@centralkansascf.org
www.centralkansascf.org

What’s Your Passion?

Posted on

 

Health and wellness is often on our minds as we approach the summer season. Considering resolutions for positive change. Your health and that of your community may be your passion. Health can mean so many things to different people. That is the beauty of establishing a fund at the community foundation. We can tailor your fund to fit your passion. Not interested in establishing fund, maybe you would like to donate to one of our established funds focused on keeping our communities in Central Kansas healthy. Consider Hesston High School Baseball Fund, KHF – Health Fund Newton, Kansas Learning Center for Health, Hillsboro Splashpad Fund or the Hillsboro Basketball Courts Fund among many.

A Bequest to Further Good Work

Posted on

Nancy and David were dedicated volunteers. Over the years, they had seen many individuals helped by the good work of their favorite charity. They wanted to create a legacy to provide future resources to continue its mission.

David: The work of our favorite charity was important to us. We regularly made cash gifts but wanted to do more. We received the charity’s newsletter and noted that we could make a gift from our estate and join the legacy society. We saw a picture of smiling people just like us, and we wanted to be part of that group.

Nancy: We met with our lawyer to revise our wills, and we each included a provision for a bequest to charity. Our lawyer put language in the will that allows a percentage of our estate to go to our favorite charity. This was easy to arrange and permits us to still use our assets during our lives if we need them.

David: We told their gift planner about our decision and were excited when we were invited to a special event honoring us. We will continue to make gifts during our lives, but it feels good to know that our support will help in the future.

Is a bequest right for you?

We have resources that will help you learn more about bequests. Click here to review sample bequest language. You will see how easy it is to include a bequest in your will or trust.

You might find it helpful to print this page and the bequest language. Please feel free to give this information to your attorney. If he or she has any questions, please contact us.

Hot Topic: Transfer of Wealth

Posted on

What is Transfer of Wealth?

It is an estimate of the household estate wealth transferred from the current generation to the next. Researchers at Boston College conservatively estimated a $41 trillion transfer of wealth (TOW) in America from 2000 to 2050. The estimation of TOW is considered a possible future scenario for communities to consider; it is not a prediction or an absolute number about the future.

Immerse yourself in the full study, care of KACF, here.

CKCF Mission Moment

Posted on

Mission Moment from Angie Tatro, Executive Director

The Central Kansas Community Foundation (CKCF) was originally founded in 1995. Following a stable history serving a tri-county area the foundation merged in 2009 with the well-established Greater Newton Community Foundation. Today, CKCF continues to demonstrate a commitment to strengthening central Kansas communities through charitable giving.

Scholarship Award Spotlight: Mark Kreider

Posted on

Mark Krieder

  • Graduate from Goshen College in May 2018 with a double major in Music and Environmental Science.
  • Pursuing a career in the field of ecology and conservation, working to protect and champion ecosystems at risk.

Gift Amount: $1,600

The Scholarship

The Jean and Virginia Coleman Music Scholarships are for Newton High School seniors who are furthering their careers through higher educational pursuits through a college or university. Candidates are those who are involved in school and/or community musical activities and plan to continue to promote the enjoyment of music for self and others through musical activities and/or performance beyond college. The number of students awarded and the dollar amount given is based on money available as well as the talent and work ethic of those applying.

Impact

I am very grateful for this scholarship, which is a huge help as I pursue a degree in Music (Piano Performance). Beyond that, this scholarship reminds me of the supportive community from which I come – one that values the arts and giving back to others. I hope to emulate this generosity in my own life, sharing my gifts, time, and money with those around me.

Apply Today!

Check out CKCF and regional affiliates scholarship opportunities on our website

Gifts of Homes

Posted on

Most families purchase their largest personal residence in their mid-forties. Families with children often need the additional space. Other families think they want to purchase a home that they can enjoy for many years.

By the time individuals reach retirement age, they probably have an empty nest. The children or other family members have now moved on and are creating their own homes. Some individuals at that point decide they like their home in their neighborhood and would like to stay there for their lifetime. Others might want to sell the larger property and move to a condo or retirement community.

Stay-at-Home Sam

Sam is a single person and enjoys his home. He bought the residence when he was 48 because he loved the neighborhood.

Sam has cheerfully planted shrubs and flowers on his lot. He loves to spend time outside taking care of the property. Sam enjoys the neighborhood and plans to live there for the rest of his life. He just turned 75 this year and is in very good health.

He has a pension from his company, his Social Security and an IRA that was created by rolling over a qualified retirement plan. With income from all three sources, Sam now has no deductions other than his charitable gifts and is paying very substantial income taxes. As a result, he is very interested in finding a way to reduce his tax burden.

Sam bought the home for $200,000. It now has increased in value to $450,000. Sam also has been a regular supporter of two community charities that assist young people. He would like to eventually leave his home to charity to benefit youth in his community.

Sam Decides to Visit With His CPA Jim

Sam: “You know, Jim, I’ve lived in my home for many years and I like it here. I live in a great neighborhood and I know these neighbors. So I would like to stay here, but as you know, I keep paying more and more income tax each year. It would be great to have a way to save some taxes and eventually pass the home to charity.”

Jim: “Yes, we’ve talked several times about different ideas to save taxes. Since you like your home and would like eventually to transfer it to a charity, there is a way that you could save a large amount of taxes today. The gift plan is called a transfer with a life estate. You deed the right to own the home after you pass away to your favorite two charities and retain the right to live there for your lifetime. Based on your age and home value, you would receive a charitable deduction of around $250,000. This would save taxes for you over as many as the next five years. In fact, with some cash gifts plus this deduction, you could cut your tax bill in half.”

Sam: “Cutting my taxes in half is a great idea. And I do want to help these young people through these charities eventually. But what if 10 years from now I want to move to a retirement community? What happens then?”

Jim: “There are some rollover options at that time. Each year, as you get older, the value of the life interest goes down slightly. Still, you will have a substantial value. You could later have a joint sale with the charity and receive your portion for the life interest in cash. Another option is to transfer your life interest portion to the charity in exchange for a gift annuity.”

Sam: “This sounds like a great plan. Let’s contact the gift planner at my favorite charity to get the ball rolling.”

Clara Buys a Condo

Clara and Frank were married for 58 years. Frank passed away two years ago, leaving Clara and their three children who are now all adults.

When Clara and Frank were both 43, they bought a four-bedroom home. With two parents and three children at home, the atmosphere was very lively and eventful. When Clara and Frank reached their 50s, the children moved out and eventually started their own families.

Clara and Frank bought the home for $200,000. It is in a very nice neighborhood and has appreciated over the years to $800,000 in value. Clara decided to sit down with her CPA, Alice, to discuss the possibility of selling her home and moving to a condo.

Clara: “You know, Alice, Frank and I really needed the large house when the three children were at home. With five of us, we filled that four-bedroom house and there were always friends of our children visiting overnight. But now, with Frank gone and the children on their own, I don’t need that big four-bedroom house. In fact, it’s becoming a burden to maintain. I would be much happier in a nice two-bedroom condo. I have been looking around and I think I have found one for $300,000 that would be just right for me.”

Alice: “Yes, we all get to a point where it may make good sense to downsize. With the initial purchase price of your home and then an increase in basis when Frank passed away, you have a basis of about $400,000 in your home. If you were to sell it for $800,000, the gain would be $400,000. You would use your $250,000 exclusion for sale of your principal residence and $150,000 would be taxable.”

Clara: “Well, I am not sure I want to pay tax on that much gain. I was thinking about making a gift to the charity that Frank and I have always supported. They are building a new wing on one of their facilities, and Frank and I had often talked about making a gift large enough that it could be named in our honor.”

Alice: “How much is the naming opportunity?”

Clara: “It is a fairly large gift proposal and yet there is the value in the home. Plus, I have an IRA and other investments. The gift opportunity is $100,000. I was thinking that I could give 1/8 of the value of the home to the charity. The remaining $700,000 would more than cover the condo, plus I could add $400,000 to my current CDs.”

Alice: “That actually works quite well. With your $250,000 exclusion, it reduces the taxable gain on your $700,000 home sale of your part to $100,000. If we transfer the 1/8 by deed to the charity just before the sale, you will bypass tax on the $100,000 and have a charitable deduction. The tax savings on your charitable deduction will more than offset the tax payable on your gain. You will end up with no tax on this transfer and $700,000 cash. After you buy the condo for $300,000, you are exactly right that you will have $400,000 to add to your CDs or other investments.”

Clara: “That looks like the right solution. Let’s contact my attorney Bill and we will set up the gift. We can also list the home and find a buyer. I’m very excited about moving to the new condo in this retirement community. There are several friends from my social group in that community and I know I will enjoy living there.”

CKCF Announces 2017 Charitable Grant Totals

Posted on

Central Kansas Community Foundation (CKCF) announced their 2017 charitable grant totals. The charitable funds under their management support worldwide, state and local nonprofits in central Kansas, in turning hopes into realities.

  • 64 competitive grant cycle funds gave $382,984
  • 21 organizations & agency funds, gave $627, 212 (with one-time distribution of $500,000)
  • 76 designated funds gave $370,142
  • 27 donor advised funds gave $116,738
  • 50 scholarship funds gave $94,753
  • Charitable gift annuities gave $17,774
  • Grand total of grants given to charitable entities in 2017 = $1,609,605.45

CKCF’s mission is to Build Stronger Communities Through Charitable Giving. The projects/programs that were funded will open the future to many possibilities. Annually, more than a million dollars in community impact is provided in the following areas: Animal Welfare, Arts & Culture, Community Preservation & Revitalization, Emergency Disaster Needs, Health & Human Services, Science & Education, and other non-categorized areas, example being Operations.

Based in Newton, Kansas CKCF is a host foundation. They are a 501 (c) (3) not for profit organization with a Board of Directors. Serving in 2017-18 are Carrie Herman (Chairwoman), Tim Hodge (Immediate Past Chairman), Joel Gaeddert (Vice Chairman), Jennifer Vogts (Secretary), Todd Kasitz (Treasurer), Rod Kreie (Finance Committee Chairman), NM Patton, James Regier, Brad Bartel, Marge Warta, Linda Ogden, Dr. Colin Bailey, Linda Ewert, Amy Budde, Melvin Schadler, Delores Dalke, Jason High, Ron Lang, Jon Zerger, and Rachel Swartzendruber Miller. As a host the CKCF is the overarching governing board, however their affiliate foundations have local advisory boards that promote the local needs and interests of their mission and community.

Angie Tatro, Executive Director of CKCF said, “CKCF is dedicated to helping donors make a difference to causes that matter to them.”

Tatro went on to say that donors can be individuals, families or businesses.

“Donors are savvy these days, they have options for giving and we are delighted so many see the value in giving to and through the foundation to causes that are important to them.” she also shared. “Whether in life or as a bequest we are committed to managing the intent of our donors for the betterment of our Central Kansas Region.”

COMMUNITY IMPACT

Brenda Sooter, CKCF Program Officer – Grants, sees firsthand the impact grants can have in meeting local needs.

“The rural communities served by CKCF and the affiliates are seeing the impact from grants made back into the community,” commented Sooter. “They are helping feed the hungry, educate our youth, offer recreation for health improvements, socialize our elders and so much more.”

For example, in 2017, Community Playschool, North Newton was funded for a “Healthy Eating: Fresh Whole Foods” project. With the funding Community Playschool could serve their children a variety of healthy fresh foods for their daily snack.

“Children love the fruit and vegetable snacks we serve, sometimes we have a hard time keeping enough around, the children choose fruit instead of crackers during snack time,” stated Director Jeanette Leary.

A grant was given to Main Street Ministries in Hillsboro to fund their “Food Bank” project. Director Mary Steketee was assisting a young woman and her baby who were new to the Hillsboro community, hoping to help her meet her food needs. As Mary assisted her, the young mother was thanking the staff for being willing to help when no one else could.

Stekette shared, “We get compliments all the time for great service, quality foods, and being so welcoming and non-judgmental.”

Another notable example of community impact can be found in the City of Peabody. Prior to 2017 funding, the Peabody swimming pool only had a picnic table for seating.  With the grant, 14 Adirondack chairs and nine chaise lounges were purchased, allowing a more comfortable and better place for children and families to relax.

Stories like these and so many more are what the foundation work is all about. Growing now to more than $22M in assets the Central Kansas Community Foundation has a mark in working with donors and charities on its future.

“Our growth can be viewed as a beam of light, casting a view for a bright future for generations to come,” said Tatro.

Community affiliates, currently hosted by CKCF with back office support and infrastructure as a nationally accredited community foundation, include; Augusta Community Foundation, Central Kansas Community Foundation -Butler,  Douglass Community Foundation, El Dorado Community Foundation, Elk County Community Foundation,  Florence Community Foundation, Fredonia Community Foundation,  Goessel Community Foundation, Halstead Community Foundation,  Hesston Community Foundation, Hillsboro Community Foundation,  Newton Community Foundation, North Newton Community Foundation, Peabody Community Foundation, Remington Area Community Foundation, and Valley Center Community Foundation.  CKCF is also host to non-community affiliate foundations: Franklin D. & Beverly J. Gaines Foundation, Second Century Library Foundation – Newton, Trinity Heights United Methodist Church Foundation, Walton Rural Life Center Charter School Foundation and the Women’s Community Foundation.

If you want to get involved or inquire about ways to give or receive, contact CKCF at 316-283-5474.

ABOUT CENTRAL KANSAS COMMUNITY FOUNDATION

Central Kansas Community Foundation mission is “Building Stronger Communities Through Charitable Giving.” Founded in 1995 Central Kansas Community Foundation based in Newton, Kansas is an intermediary between donors and charities, the community foundation helps donors establish funds that financially support meaningful, charitable programs and services in their community. Central Kansas Community Foundation also host numerous affiliate community foundations throughout Central Kansas.  www.centralkansascf.org

CKCF Mission Moment

Posted on

Mission Moment from Angie Tatro, Executive Director

The mission of Central Kansas Community Foundation (CKCF) is to Build Stronger Communities Through Charitable Giving. Dollars pass through our doors, first in as a charitable contribution and then out, as grants to meaningful charitable causes.