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Create A Fund

Why the Sherman County Community Foundation?

At the Sher­man Coun­ty Com­mu­ni­ty Foun­da­tion, we bring togeth­er indi­vid­u­als and orga­ni­za­tions who want to make a last­ing dif­fer­ence. By con­nect­ing gen­eros­i­ty with local needs, we help build a stronger, more resilient com­mu­ni­ty.

As a tax-exempt pub­lic char­i­ty, we pro­mote local phil­an­thropy and invest in ini­tia­tives that improve the qual­i­ty of life for every­one who calls Sher­man Coun­ty home.

Establishing A Fund

1

Find Your Cause

What com­mu­ni­ty cause, con­cern, or char­i­ta­ble need moves you most? Whether to cul­ti­vate the arts, enrich edu­ca­tion, safe­guard health, or strength­en fam­i­lies, we work close­ly with you to cre­ate a per­son­al, mean­ing­ful way to sup­port your com­mu­ni­ty.

2

Decide to Give

Do you wish to estab­lish a fund today, to wit­ness its impact dur­ing your life­time? Or would you pre­fer to defer your gift through planned giv­ing? We offer a vari­ety of options to help ful­fill your per­son­al char­i­ta­ble inten­tions.
3

Let Us Help

We’ll help you eas­i­ly and effec­tive­ly give back to the caus­es and com­mu­ni­ty you care about, or we can work direct­ly with your pro­fes­sion­al advi­sor. In most cas­es, gifts qual­i­fy for max­i­mum tax advan­tages. Con­tact us today. We’re always here to help!

Giving Options

Your gift con­tributes to a last­ing stream of fund­ing that helps improve qual­i­ty of life through­out our com­mu­ni­ty. We are grate­ful for our gen­er­ous donors, and we invite you to estab­lish an endowed fund with the Com­mu­ni­ty Foun­da­tion that will make char­i­ta­ble gifts in your name, for­ev­er, to ben­e­fit the caus­es and com­mu­ni­ty you care about most.

Give Today

Learn more about how and what to give, and the many tax ben­e­fits of char­i­ta­ble giv­ing through the Com­mu­ni­ty Foun­da­tion, as we help you estab­lish a char­i­ta­ble fund to match your phil­an­thropic inter­ests.
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Plan Today to Give Tomorrow

Learn more about the Com­mu­ni­ty Foun­da­tion’s planned giv­ing options and oppor­tu­ni­ties, and how to leave a char­i­ta­ble lega­cy for your­self, your fam­i­ly, or your com­pa­ny in the com­mu­ni­ty.

Lega­cy Giv­ing

Types of Funds

Any­one can make a gift to the Foun­da­tion. Donors come from a vari­ety of back­grounds with a com­mon com­mit­ment to the com­mu­ni­ty’s well-being. Whether cre­at­ing a named fund, con­tribut­ing to an exist­ing fund, mak­ing a gift in mem­o­ry of a friend or loved one, or mak­ing an unre­strict­ed gift to the Sher­man Coun­ty Com­mu­ni­ty Foun­da­tion Endow­ment Fund, every per­son in the com­mu­ni­ty can make a dif­fer­ence.

With our ever-chang­ing com­mu­ni­ty needs and pri­or­i­ties, it is the unre­strict­ed gift that is the most valu­able and endur­ing for a com­mu­ni­ty. Unre­strict­ed funds are for donors who have broad com­mu­ni­ty inter­ests but no spe­cif­ic pri­or­i­ties.

With a donor advised fund the donor and his or her heirs may choose to rec­om­mend grants for a dif­fer­ent char­i­ta­ble pur­pose each year. This type of fund pro­vides great flex­i­bil­i­ty to the donor while avoid­ing the costs and demands of a pri­vate foun­da­tion.

A donor who has no pref­er­ence for a par­tic­u­lar char­i­ta­ble orga­ni­za­tion may estab­lish a named fund in a gen­er­al area of inter­est such as arts, youth ser­vices, health or oth­er inter­est. He or she may sug­gest grant recip­i­ents, or may ask the Foun­da­tion to make grants to the most appro­pri­ate pro­grams with­in that spe­cif­ic of area. Donors can also pool their gifts togeth­er into a com­mon fund that will gen­er­ate per­pet­u­al sup­port for a shared area of inter­est. Income from these funds is then dis­trib­uted to agen­cies and pro­grams work­ing with­in each fund’s scope of inter­est.

Donors often wish to pro­vide ongo­ing sup­port to a favorite agency or char­i­ta­ble cause. In such instances, a des­ig­nat­ed fund at the Sher­man Coun­ty Com­mu­ni­ty Foun­da­tion can pro­vide char­i­ta­ble sup­port, pro­fes­sion­al man­age­ment and grant mon­i­tor­ing.

Agency funds are estab­lished by non­prof­it agen­cies to pro­vide oper­at­ing sup­port for their program(s). Any­one may con­tribute to any of these funds. Checks should be made to the Sher­man Coun­ty Com­mu­ni­ty Foun­da­tion with a nota­tion on the memo line nam­ing the agency of choice.

Schol­ar­ship funds sup­port those who want to pur­sue edu­ca­tion, whether they’re high school grad­u­ates pur­su­ing a col­lege degree, young ath­letes seek­ing assis­tance with addi­tion­al train­ing or non­tra­di­tion­al stu­dents who are return­ing to the work force. Fund hold­ers work with Foun­da­tion staff to devise selec­tion cri­te­ria. 

When Does a Char­i­ta­ble Fund Make Sense?

Reduce Tax­es While Doing Good
Sell­ing a busi­ness or offload­ing appre­ci­at­ed stocks or real estate? A char­i­ta­ble fund can help off­set the tax hit. By donat­ing before the sale, you may avoid cap­i­tal gains and receive an imme­di­ate tax deduction—while sup­port­ing the caus­es you care about.

Cre­ate a Last­ing Trib­ute
Want to hon­or some­one spe­cial? A char­i­ta­ble fund is a mean­ing­ful way to memo­ri­al­ize a loved one, friend, or mentor—turning their lega­cy into ongo­ing com­mu­ni­ty impact.

Make the Most of an Inher­i­tance
If you’ve received a sub­stan­tial inher­i­tance, a fund can help you give inten­tion­al­ly. It’s a way to turn per­son­al bless­ings into long-term gen­eros­i­ty, with expert guid­ance and a plan for impact.

Sim­pli­fy (or Replace) Your Pri­vate Foun­da­tion
If your pri­vate foun­da­tion is more has­sle than help, con­vert­ing it into a char­i­ta­ble fund can reduce costs, save time, and still keep you in the driver’s seat of your philanthropy—with few­er headaches.