Above Photo: (L to R) High School Principal Chris Gotto, Fred Skaife-IGEF, "Buzz" Marshall, Superintendent Linda Erickson, Ron Haas-IGEF.  A BIG thank you to LaVern "Buzz" Marshall, Livingston, who received the AARP Andrus Award for Community Service and chose the Iowa-Grant Educational Foundation Fund as the recipient of his donation.

Ways to Give

The IGEF is dedicated to building permanent funds, which are created by people like you, young and old who share a commitment to meeting the educational needs in the Iowa-Grant school district.  Your gifts are combined with other gifts to accomplish goals most of us could never achieve on our own.  Making a gift to the Iowa-Grant Educational Foundation can be as simple as sending a check to support our efforts or as complex as creating an estate giving plan.

 **With a gift of $100, you will receive a free Iowa-Grant History book as our way of thanking you for your support.  This type of donation will help to provide grant monies for school projects.  However, any gift amount is very appreciated and will help with a variety of student activities.  It is as easy as sending it in the mail to: IGEF, PO Box 24, Livingston, WI 53554.

Through our connection with the Community Foundation of Sourthern Wisconsin (CFSW) we offer a variety of options to help you reach your charitable and personal goals. CFSW serves as a resource and fiscal agent to the Iowa-Grant Educational Foundation (IGEF).  All funds held by the IGEF are managed with professional expertise and intregity in conjunction with the direction of the Board of Directors of the IGEF and its donors.  The CFSW serves Grant, Iowa, Lafayette, Green, Rock, Jefferson and Walworth counties.  The headquarters is located in Janesville, Wisconsin.

Endowments: (Permanent Funds)
We are also building endowments which will support scholarships and educational enrichment now and for years to come.  In addition to cash donations, we are also able to receive stock, real estate, tangible property, bequests and trusts, life insurance and retirement plan distributions as you set up an endowment.  See below for more details.

Named Fund - Scholarship Endowments require a minimum gift of $20,000 which can be pledged over a 3 year period.  Donors can choose an area of interest to focus their scholarship award toward if desired.  The foundation acknowledges the following named scholarship endowments: the Millard ‘Mick’ Gundlach Agriculture Scholarship; the Mae E Austin Memorial Scholarship; the James E Schroeder Scholarship Fund; and the Christianson Family Scholarship.

Named Fund - Excellence in Education Endowments (EIE) require a minimum of $10,000 over a 3 year period.  This type of fund generates monies on an annual basis that is distributed in the form of grants that support school projects guided by staff members.  Donors may assist in establishing the grant award criteria, as allowed by law.  The Iowa-Grant Educational Foundation is proud to make annual award from the Elizabeth Summers Scholastic Achievement Endowment.

Outright Gifts:
You can make a gift of cash, stocks, bonds, real estate or other assets, such as real property, to the Iowa-Grant Educational Foundation that will qualify for the maximum tax benefit under state and federal law.  We also accept gifts made with credit cards.

Deferred Gifts:
Deferred gifts, or bequests, allow you to designate a gift or portion of your estate to the Community Foundation and in some cases receive substantial reductions in federal gift and estate taxes.

Life Insurance: You can name the Community Foundation as the beneficiary and owner of life insurance policies that you no longer need. If the policy is not paid up, the premium payment is fully deductible as a charitable contribution. At death, the proceeds pass to the Community Foundation free of estate taxes.

Pooled Income Fund: You can place cash or property in the Community Foundation’s Pooled Income Fund and receive annual income yourself, or for another named beneficiary, for life. At death, the proceeds are removed from the Pooled Income Fund and placed in a new or existing component fund in the Community Foundation that you have selected. You receive a partial charitable income tax deduction based on the calculated remainder value of the gift.

Qualified Retirement Plans and IRA Benefits: You can use assets accumulated in qualified retirement plans or IRA accounts to fulfill charitable goals, thereby keeping these assets free from tax liability. After you reach age 70 ½, you may be able to transfer a portion of these assets to charity to satisfy minimum distribution rules rather than take these assets in income that will be taxed. Note: the IRA Charitable Rollover Provision has been extended until the end of 2014.

Life Income Gifts:

Life income gifts are gifts that provide charitable tax-deductions and income for the donor or other named beneficiary during their lifetime.

Pooled Income Fund: You can make a gift to the pooled income fund and receive lifetime income. At death, the proceeds are removed from the pooled income fund and placed in a new or existing component fund in the Community Foundation. Grants are then awarded to charities or causes of your choice. You receive income tax benefits the year you establish the trust.

Charitable Remainder Trust: You can place cash or property in a trust that pays annual income to you or another named beneficiary for life. After your death the remainder of the trust sum is transferred to the Community Foundation and placed in a charitable fund you’ve elected. You receive income tax benefits the year you establish the trust.

Wealth-Replacement Trust: You can use life insurance in addition to a charitable remainder trust to increase the amounts received by heirs.

Charitable Lead Trust: You can place cash and property in a trust that pays a fixed amount to the Community Foundation for the number of years you select. Once this time period ends the assets held in your name are transferred to the fund that you name. In some cases you receive a substantial reduction in federal gift and estate taxes.

We encourage donors to discuss their giving options with their professional advisor — lawyer, accountant, estate planner. The CFSW staff is always ready to answer your questions and provide any information that you may require regarding the establishment of a fund.