THE FANWOOD COMMUNITY FOUNDATION
The Foundation
was established in October 1998 to:
-
Help where the needs are the greatest and the benefits to Fanwood
and its citizens are most substantial
-
Provide public spirited donors with a vehicle for using their
gifts in the best possible way now and in the future, thereby providing for
inevitable change.
You are invited to become a member of the Fanwood Community
Foundation!
BECOME A DONOR
There are many ways to give to the Fanwood Community Foundation as it builds
a growing permanent endowment through the support of a wide variety of citizens
and groups. We will gladly discuss the tax benefits of each option.
OPTIONS FOR GIVING
NOW:
-
Cash gifts-- simplest, effective immediately.
-
Gifts of appreciated assets-- gifts can include stocks, bonds
or real property. These gifts are particularly beneficial for donor
under current tax laws.
OPTIONS FOR FUTURE GIVING:
-
Bequest by Will-- an outright bequest to the Foundation or
one of its affiliated funds is the simplest means of providing for your
community.
-
IRA or Qualified Plan-- funding a charitable bequest made with
pre-tax dollars from a retirement plan or IRA reduces taxable liability to
your estate.
-
Charitable Remainder Trust-- offers a gift to the Foundation
without loss of income while providing a current income tax deduction.
-
Charitable Lead Trust-- "loans" of assets to the trust that
are eventually returned, usually to the donor's children. Such trusts may
result in significant savings in gift or estate taxes.
-
Charitable Gift Annuity-- a life annuity for one or two lives
issued by the Foundation in exchange for gift property, guaranteeing annuity
payments and offering a tax deduction with the Foundation receiving your
capital gift when your income need ends.
-
Life Insurance Policy-- naming the Foundation as owner and/or
beneficiary is a way virtually everyone can make a meaningful gift. Policies
that were never used for their original purpose make excellent gifts to the
Foundation. A donor might purchase a policy.
-
Real Property with Lifetime Use-- a gift of real estate may
be made to the Foundation while providing the donor with its lifetime use.
Upon the donor's death, the property is the Foundation's asset and is excluded
from the donor's estate.
THE
GRANT PROCESS
Thank you for your interest in this process. An important
part of the Foundation's mission is to help where the needs are the greatest
and the benefits to Fanwood and its citizens are the most substantial.
Grants will be made solely to non-profit organizations,
which serve the social, physical, educational, civic, and cultural needs
of the community. If your organization falls within our mission, you are
invited to submit a grant proposal. Grants are funded from the Foundation's
earned income, so this year's request should not exceed $1,000.
If you have any questions, please contact the Foundation
office at the address, phone number or e-mail address below. Whether you
are a grant recipient or not, we invite you to attend our annual meeting
and learn more about the Fanwood Community Foundation.
The Fanwood Oak represents our past, the Millennium
Clock our present, and your gifts our future!
THE FANWOOD COMMUNITY FOUNDATION
PO Box 100
Fanwood, NJ 07023-0100
Phone: 322-6200 Fax: 322-6193
E-mail:
fanwoodcomfdt@yahoo.com
Board of Trustees:
President: Fred J. Chemidlin, Jr. Vice President:
Theodore F. Frankenbach Secretary: Carol A. Kraus
Treasurer: Robert H. Kraus Trustees: Robert J.
McCarthy, David W. Pickering, Christopher C. Rosin, Candy C.
Santo and Joel Whitaker