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Grex > Aaypsi > #58: Ann Arbor Area Community Foundation | |
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| Author |
Message |
rcurl
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Ann Arbor Area Community Foundation
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Aug 28 01:52 UTC 1996 |
I am interested in the Ann Arbor Area Community Foundation as a
possible place in which to invest a non-profit, tax-exempt organizations
endowment fund. I have spoken with the Foundation's president/CEO, but
do not have any information from individuals or organizations that have
created a Fund. I seek information from the "user" perspective.
The apparent advantage of investing an endowment in a Community Foundations
appears to be not only the Federal tax deductibility of contributions to the
Foundation, but perhaps more important the limited deduction from State
income tax of such contributions (50% of contributions up to $200 for
individuals or $400 for a couple). This tends to help encourage contributions
to an organization's endowment fund, but in reality, how effective is this
in encouraging contributions (in general - I realize that it would depend also
very on the specific organization whose endowment fund it is).
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| 3 responses total. |
adbarr
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response 1 of 3:
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Sep 4 11:11 UTC 1996 |
Rane, you might want to call the people at High/Scope Educational Research
Foundation in Ypsilanti for some information on where to go for these answers.
They have a large foundation and might be able to suggest some experts to help
you. 485-2000 -- Ask for Mr. Charles Wallgren.
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rcurl
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response 2 of 3:
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Sep 4 20:33 UTC 1996 |
Thanks, Arnold. I have inquired of my State Rep regarding the laws creating
and regulating Community Foundations, and can also contact some organizations
I know of that have their endowment funds with such Foundations. I'll follow
up with H/SERF.
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e4808mc
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response 3 of 3:
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Sep 23 02:30 UTC 1996 |
you might also ask the AAACM to see a list of the trusts and organizations
that are part of the fund and talk to the people who created those trusts
about their experiences. The list is public information, as is the name of
the person who is responsible for the trust.
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