Get documents about "Us Tax Forms Abilene Texas
Description
Us Tax Forms Abilene Texas document sample
Document Sample
Located at:
500 Chestnut Street, Suite 1634
RECOMMENDATION Please send mail to:
FOR CHARITABLE P.O. Box 1001
DISTRIBUTIONS Abilene, Texas 79604
325-676-3883/Fax: 325-676-4206
e-mail: mkissee@abilene.com
Donor Central: www.cfabilene.org
e-mail: lblack@abilene.com
To: The Community Foundation of Abilene Fund Name:_____________________________________
I recommend that the Community Foundation of Abilene review and approve the following distribution(s) from the
above fund. I understand that the final decision rests in the hands of the Community Foundation of Abilene Board of
Trustees, whose charge it is to ensure that all distributions meet the regulations of the Internal Revenue Code and are
compatible with the policies and purposes of the Community Foundation of Abilene. I certify that these
recommendations do not represent the payment of any legally enforceable pledge or obligation, and that I will not receive
any goods, services, or non-tax deductible membership benefits.
Signature Date
For Foundation Use For Donor Use If Gift is a Memorial:
Only Name of Deceased:
Charitable Organization: _______________________________
__________________________
Grant #:_____________
Address (if outside the Abilene area): Survivor to be Notified:
Check #:_____________ ____________________________________________________ __________________________
Check Date: _________ ____________________________________________________ Address: ___________________
Suggested Amount of Gift: $_________________ __________________________
Mem. Ack. __________
Designated Purpose of Gift (if any): ______________________ Relationship: _______________
____________________________________________________ __________________________
For Foundation Use For Donor Use If Gift is a Memorial:
Only Name of Deceased:
Charitable Organization: _______________________________
__________________________
Grant #:_____________
Address (if outside the Abilene area): Survivor to be Notified:
Check #:_____________ ____________________________________________________ __________________________
Check Date: _________ ____________________________________________________ Address: ___________________
Suggested Amount of Gift: $_________________ __________________________
Mem. Ack. __________
Designated Purpose of Gift (if any): ______________________ Relationship: _______________
____________________________________________________ __________________________
For Foundation Use For Donor Use If Gift is a Memorial:
Only Name of Deceased:
Charitable Organization: _______________________________
__________________________
Grant #:_____________
Address (if outside the Abilene area): Survivor to be Notified:
Check #:_____________ ____________________________________________________ __________________________
Check Date: _________ ____________________________________________________ Address: ___________________
Suggested Amount of Gift: $_________________ __________________________
Mem. Ack. __________
Designated Purpose of Gift (if any): ______________________ Relationship: _______________
____________________________________________________ __________________________
D:\Docstoc\Working\pdf\58f54414-0690-40f9-92c9-0c514ded75dc.doc 08-25-04
The Community Foundation of Abilene
Frequently Asked Questions about Donor Advised Funds
How quickly are grants processed? I received a tax acknowledgment for a grant I
Grant checks are processed twice a month, on the recommended from the agency. Does that mean I
15th and 30th. If your recommended grantee is can take the deduction on my income taxes?
included on CFA’s previously approved list and No. Your income tax deduction was earned when
the grant is $10,000 or less, the check will be mailed you made your contribution(s) to your donor
on the first applicable date after we receive the advised fund. The acknowledgment of your gift to
recommendation(s). If the potential grantee is the Community Foundation is your receipt to
unfamiliar to the Foundation, or if the grant is document your gift on your tax return. Thank you
greater than $10,000, Trustee approval is required notes from agencies are sent to let you know that a
before processing. Trustee meetings are held on the gift was received and appreciated.
first Tuesday of each month. Should the grant be
approved, it will be disbursed on the 15th of the Is there a process whereby I can recommend
month. grants to be paid at specific intervals, such as
quarterly?
Is there a minimum grant amount? Yes. We make sure that recommended agencies
Yes, we suggest a $100 minimum except in the case qualify as an IRS section 501(c)(3) organization and
of memorials. that the purpose of the grant is consistent with the
Foundation’s charitable purposes. We request
May I recommend grants to agencies located current financial statements for agencies with
outside of the United States? which we are unfamiliar.
Yes, if they are chartered in the United States.
Can I phone or e-mail grant recommendations?
What kind of grants cannot be made from a donor Yes. If you choose to make a verbal grant
advised fund at the Community Foundation? recommendation, a confirmation will be faxed or
Agencies based outside of the United States, mailed to you. The grant will not be processed
private foundation and agencies not certified until the confirmation is received back in our office.
501(c)(3) by the IRS may not receive grants from We also accept grant recommendations by fax.
donor advised funds. In addition, grants cannot be
made to individuals, nor can we allow grants that Donor Central is a service for donor advisors. You
include tangible benefits to individual donors. can view fund balances, contributions, grants made
and grants pending – with information updated
Can a donor advised fund be used to pay a monthly. Donors can recommend grants on Donor
pledge? Central. If you wish to use Donor Central on our
No. When you make a contribution to a donor website, www.cfabilene.org, please call or e-mail
advised fund at the Community Foundation you Marva Kissee at the Foundation office, 676-3883, or
are entitled to take the full amount as a tax email her at mkissee@abilene.com.
deduction. This is because you have received
nothing in return for your contribution. If the Who do I call if I have questions about a grant or
Community Foundation satisfies your pledge, you about my fund?
will be receiving something in return for your Please contact us at 325-676-3883, fax 325-676-4206,
contribution – release of a debt. Therefore, grants or e-mail a message to mkissee@abilene.com.
from a donor advised fund may not be used to
satisfy a personal pledge made to a charity.
Can I recommend grants anonymously?
Yes. The agency will be notified that the grant was
recommended by an anonymous donor and will be
advised to acknowledge receipt to the Community
Foundation. We will then forward the
acknowledgment to you.
D:\Docstoc\Working\pdf\58f54414-0690-40f9-92c9-0c514ded75dc.doc 08-25-04
Related docs
