Wabasha-Kellogg Area Community Foundation is Progressing (SEPTEMBER 8, 2014)

The Wabasha-Kellogg Area Community Foundation Board is happy to announce that they are rapidly progressing toward their first-year bench marks. They have been busy collecting donations for current and future community needs.

At the successful kickoff event held at Slippery’s, attendees heard Tim Penny, President of the Southern Minnesota Initiative Fund, and others explain what a strong community foundation can accomplish and what our local foundation can do.

WKACF is excited to already have 10 members inducted into the Founder’s Club and to have raised over $25,000. As they continue their fund drive, their goal is to create a perpetual lasting fund that will meet community needs and benefit our community now and for future generations.  We all enjoy the benefits of living in this great area and would like to ensure future generations do so as well.

Please consider helping the Wabasha-Kellogg Area Community Foundation in accomplishing their goals by contributing. If you have any questions you may visit our website at www.wkfoundaiton.org . If you would like to speak to someone, feel free to contact any of our board members for more information.

 

 HOW WE HELP THE COMMUNITY (JUNE 20, 2014)

At the Wabasha-Kellogg Area Community Foundation, we believe that Wabasha, Kellogg and the surrounding areas, is a great place to live that gets better all the time.

Part of what makes Wabasha-Kellogg great is our commitment to each other. This is a place where people care. Where people want every neighborhood to prosper, every school to thrive, every child to flourish . . .

Not just their own.

The Foundation was founded by Wabasha-Kellogg residents who believed in the future of our community — and we continue to serve that future.

We want to make it easier for the people of Wabasha-Kellogg to help each other.

We’re working to determine our community’s greatest needs; to build up its nonprofits; and to find new ways for people to come together to give.

 We truly understand local nonprofits and what they’re trying to accomplish in the community. And we also pay close attention to the larger philanthropic world – to trends, research and new ideas.  We spend time one-on-one with nonprofit leaders, visiting their sites, observing programs in action, and learning about the work they do.

 This knowledge and perspective helps the Foundation focus on the community’s greatest needs. And it helps us bring people – donors, charities, businesses, government agencies, and educational institutions – together toward meeting those needs.

When we connect people who want to do good and who can help each other do more, we make our community better.

 

 Donor Advised Funds (MAY 21, 2014)

A Donor-Advised Fund is a convenient alternative to a private foundation that allows individuals and families to take an active role in grantmaking. Every donor-advised fund is named by its contributors, often to recognize family members or to honor family philanthropy.

How it works

You make a gift of cash or other assets to establish your fund with Wabasha-Kellogg Area Community Foundation.
You receive an immediate tax deduction for your charitable contribution.
Your fund can be invested to protect principal, generate current income, and provide capital growth.

You recommend grants from your donor advised fund to support charitable organizations. After our due diligence, we make the grants in your fund’s name.

How you benefit

Southern Minnesota Initiative Foundation (SMIF) is the fiscal host for the Wabasha-Kellogg Area Community Foundation.

SMIF manages all the paperwork.
You centralize your charitable giving, without the costs and administrative burden of a private foundation.

You enjoy the highest level of charitable tax benefits.

You pay no startup costs.

For tax purposes, you receive written acknowledgement of contributions made, as well as regular summaries of the grants made through your fund.

Ongoing fee varies with type of fund.


Endowment or Program Funds… What’s the Difference?? (MAY 21, 2014)

Charitable gifts are one of the most important and fulfilling ways you can help shape the world around you. Within the WKACF, charitable gifts go to one of two main funds, the Program Fund or the Endowment Fund.

The Program Fund allows the Foundation to support a predictable level of recurring programming from year to year. This fund is used to underwrite the Programs of Service of the WKACF.

 The Endowment Fund helps ensure the future of the Foundation and secures its ability to support the WKACF programs/projects into the future. This fund’s principal is permanently invested and only interest and dividend earnings from the fund are used to support the programs/projects.

 The Program Fund and the Endowment Fund are equally deserving of support; indeed, they complement one another. The Program Fund supports the Foundation’s programs today and the Endowment Fund is used to secure those programs for tomorrow.

 

 Wabasha-Kellogg Area Community Foundation Launch Party (APRIL 21, 2014)

The Wabasha-Kellogg Area Community Foundation is thrilled to announce its official  kickoff on Friday, April 25th at Slipperys in Wabasha from 6pm-8pm. The Foundation “seeks to be a catalyst in stimulation projects that improve the well-being of our people and the economic climate of our region.”

The kickoff will concentrate on the Foundation’s goals for our neighboring communities which include Wabasha, Kellogg, and Reads Landing. We have Joanne Stormer, President of the Rochester Area Foundation, and Tim Penny, President and CEO of the Southern Minnesota Initiative, speaking about the effectiveness of foundations in communities both big and small. There will also be appetizers provided by Slippery’s and a cash bar.

Wabasha- Kellogg Area Community Foundation, a non-profit charitable organization, and serves the greater Wabasha-Kellogg Area by connecting people with charitable intent for the good of our ever changing communities. Their mission is to preserve and steward resources for current and future growth of our communities and their partnering programs. One hundred percent of all donations go directly to the Foundation for

granting purposes.

Founders Club (APRIL 17, 2014)

WKACF is now establishing a Founders Club. This is one of the first steps in creating awareness and raising funds for the Foundation’s endowment fund, as well as provides grant monies to be used towards approved focus area projects. Becoming a member of the Founders Club requires a minimum investment of $1,000.

The Founders Club Members will be eligible for special events and will be recognized at all meetings and gatherings. Please consider ways you may be able to become a part of the Founders Club: individually or as part of an organization.

 

Wabasha Kellogg Area Community Foundation  (2014)

The Wabasha Kellogg Area Community Foundation is progressing toward their goals of collecting donations for the needs and benefits of our communi­ties now and in the future.  Our kickoff event at Slipperies was a success.  Those that attended heard Tim Penny and others explain what our foundation can do and what other area foundations have accomplished.  We are excited to already have 10 Founders Club members and have raised over $25,000.  Our fund drive is continuing  to create a perpetual lasting fund, to meet the needs and benefits of our communities now and for future generations.  We have en­joyed the benefits of  living in this great area and would like that to continue.

  Please consider helping to accomplish these goals by contributing to the Wabasha Kellogg Area Community Foundation. If you have any questions you may contact our website at wkfoundation.org or calling Bob Mann 651-565- 1133  

 

What is The Wabasha-Kellogg Area Community Foundation? (2014)

WKACF is an organization, established to provide a perpetual supply of funds, to be available to the Wabasha Kellogg Area Communities for future needs or improvements as the residents dictate. The Foundation creates a place for people, organizations or businesses to donate, tax free, towards the benefit of future generations. We also are committed to working with other local organizations to enhance their projects to improve our communities.

The larger our foundation grows, the more funds that annually become available for use. Our intent is to grow through contributions, while the earned interest and profits would be available annually for our community’s benefit. The rest of the funds would continue to grow, creating an everlasting Fund.

Even though we have only been in existence less than one year, we have raised over almost $60,000. The foundation has contributed to the Back Pack for Kids in Need program at the school. We also worked with the Combined Drive to allow their contributors to be able to donate tax free. We hope this is the very beginning of a beneficial relationship between the Wabasha-Kellogg area communities and your Foundation.

We do need to grow our Funds and are asking for all sizes of donations. Please consider our organization when you have money available which you would like to contribute for the benefit of our children’s future. When you write your will, estate plan, or a donation in memory of a loved one, please consider investing in the future generations of our communities that will have an everlasting affect.

The Foundation was created to be “Your Foundation” for the continued benefit and improvement of our communities for many generations to come.

For Information or to make a donation, contact one of the above board members.

 

NEW ORGANIZATION IN TOWN(2014)

As you are probably aware, a new organization has formed to benefit the Wabasha-Kellogg area communities. This organization has been established to connect people and businesses, with charitable intent, to future and ongoing projects for the betterment of our communities.

Many of us have been able to enjoy the many assets, security, beauty, and pleasantness of our small towns and this area. We would like to preserve, and improve on, these benefits for our children and future generations.

The Wabasha-Kellogg Area Community Foundation is focused on building an endowment fund, which will be invested by our parent organization; Southern Minnesota Initiative Founda-tion. These funds will grow with their foundation moneys at a return that would be tough for individuals to match. We then annually can use these profits for projects or benefits that will maintain and improve our communities, so future generations may enjoy the benefits that we have had.

We are requesting donations. Whether you would like to make a onetime donation, or annual contributions, or one could set up their own personal fund in which you, your children, and fu-ture generations would be able to make decisions on projects or charities of interest to your family. This is the method that we are most excited about. You can make a tax free donation, (creating your own fund) add to it whenever you want and control which projects or charities you would like this money to be contributed to. This type of fund would usually be cost prohib-itive because of the investment fees, legal mandates and accountant’s coordination that it takes to administer one of these funds. But, our parent organization SMIF takes care of the costs of these items for us.

This is an opportunity to give back to the communities we live in. Please consider the best way you can help. Any of our board members are willing to sit down with you and explain the op-portunities and answer any of your questions. Give us a call now to set something up. If you prefer, you may send a check, or go to our website; wkfoundation.org, and make a contribu-tion. If we do not hear from you, one of our board members may be contacting you to answer any of your questions. Your support and legacy will be greatly appreciated for years to come!

Thank you for your consideration