How to Start a Scholarship Community Foundation of Boone County

Many donors create endowed Scholarship Funds to honor or memorialize an individual, or to serve a specific purpose that is important to the donor. Scholarship can enable students to pursue traditional higher education or vocational training. Income from the endowment provides scholarships each year.

Ways to give to start a scholarship:

1. Give Cash or Securities
All donations are tax deductible. The gift of highly appreciated stocks are deductible in the full amount of the stock on the day it was given without the donor paying capital gain taxes.

2. Include the Community Foundation in your will or estate plan
A bequest may be for a specific amount or for the residue or any portion of the estate.

3. Give a gift of life insurance
Creating a major gift at a relatively low cost to the donor. A tax receipt is issued for the premiums paid by the donor when the Community Foundation is named the owner and beneficiary of a new or existing policy.

4. Transfer an existing private foundation or charitable trust
Administrators may find it practical and economical to transfer assets to a named fund within the Community Foundation, assuring the intent of the fund in perpetuity.

5. Set up an annuity, charitable remainder trust or other planned giving instrument
This can be structured to suit your financial needs and benefit your favorite charity through the Community Foundation of Boone County.

The Community Foundation’s staff or directors can discuss with you the most appropriate vehicle for your situation and interests. We welcome the opportunity to answer your specific questions at any time.

For more information, please contact:

The Community Foundation of Boone County
PO Box 92
Zionsville Indiana 46077

Voice: 317-873-0210 or 765-482-0024
FAX: 317-873-0219