ADVISORS

FOR PROFESSIONAL ADVISORS

GCCF can assist you in helping your clients achieve their charitable objectives. This section of the website provides information on types of funds offered by GCCF, estate and gift planning, GCCF’s financial policies, special tax laws, and opportunities for training. GCCF has received recognition for having organizational and financial practices that are in full compliance with National Standards for Community Foundations established by the Council on Foundations. Achievement of this recognition affirms our commitment to financial security, transparency, and accountability.

WHAT DOES GRANT COUNTY COMMUNITY FOUNDATION DO?

Grant County Community Foundation serves organizations and donors in Grant County, Kansas. GCCF assists professional advisors and their clients with charitable gift planning.

WHAT TYPES OF FUNDS DOES GCCF OFFER?

Grant County Community Foundation provides a wide range of fund types, including Agency funds, Field of Interest funds, Community Betterment funds, and donor-driven funds, through which individual donors and their families make charitable gifts to benefit their community and favorite causes. 

HOW ARE DONOR-DRIVEN FUNDS CREATED?

These may be established as a donor-advised fund or a donor-designated fund.

With a donor-advised fund, the donor is actively involved in recommending grants from the fund to support communities or charitable activities that are of interest to them. One arrangement is to set up a gift as a permanent endowment in which the principal is invested, with a portion of the investment earnings used to make grants – thus assuring perpetuity. The other arrangement is known as a non-permanent fund, where the principal and all investment earnings are available to make grants. 

With a donor-designated fund, a donor makes a gift to establish a permanent endowment and designates specific charitable organizations to receive the endowment payout. This provides income for the designated charitable recipients in perpetuity.

ADVISORS' ROLE

In the discovery phase of your client meetings you have an opportunity to ask about your client’s thinking regarding their charitable interests. Given your client’s interest in charitable giving you can educate them about their giving options, recommend an option that fits their circumstances and help them implement the plan.

No two clients have the same charitable giving interests. We will help you find solutions that are most effective in meeting your client’s charitable intentions today and in the future.

Through this process you have a unique opportunity to help your clients make a difference in their world by building stronger communities and changing lives with their charitable gifts.

Seven Questions for Professional Advisors

  1. Do I have clients who care deeply about their local community or local charitable organizations?
  2. Do they give to more than one charitable cause?
  3. Are they interested in creating a personal or family legacy in their community?
  4. Would they like to stay personally involved in the use of their gift dollars?
  5. Do they want to receive maximum tax benefit for their charitable contributions under federal law?
  6. Do they place a priority on sound financial management of their contributions?
  7. Are they considering the creation of a private foundation, but concerned about cost and administrative complexity?

If you answered yes to any of these questions, your clients would benefit from knowing more about the Grant County Community Foundation. We’d be happy to help you make an introduction.

GCCF POLICIES

Investment Policy

The purpose of GCCF’s Investment Policy is to communicate the investment objectives and guidelines established by the Board of Directors of the Western Kansas Community Foundation. It is intended to provide a clear and accurate understanding of all investment objectives, investment guidelines, and the criteria by which investment manager performance will be measured.

The investment policies were established after a thorough review of GCCF’s unique needs and circumstances, and a careful evaluation of the risk and potential returns from various mixes of equity, fixed income, cash equivalent and other securities.

This policy applies to all assets of the Grant County Community Foundation and its   funds and/or accounts that are designated as permanently endowed.

INVESTMENT POLICY

Gift Acceptance Policy and Guidelines

The purpose of the Gift Acceptance Policy & Guidelines is to serve as a planning tool to guide the efforts of the Grant County Community Foundation, donors and their professional advisors in achieving donors’ charitable goals. The policy addresses the procedures for accepting various types of assets and the types of gift mechanisms that can be used. GCCF seeks to ensure that any assets it accepts do not place other assets of GCCF at risk and that gifted assets can be readily converted into cash.

This policy applies to all gifts to the Grant County Community Foundation, whether the gifts are for the benefit of an existing fund, to establish a new fund or to support the operations of GCCF.