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Charitable Giving

For individuals who have or would like to establish charitable endowment funds, consider Story County Community Foundation.

What is the Story County Community Foundation?

The Story County Community Foundation (SCCF) is a nonprofit public charity created by generous local citizens. It builds charitable funds that support causes donors care about. Donations may be made to funds which address community needs and reflect a donor's interests and personal philanthropic goals. The SCCF partners with individuals, families, and local nonprofit organizations to administer many separate funds. Establishing a charitable fund with SCCF provides many benefits:

  • You recommend grants to your favorite charities.  Gifts from your fund will be made in your name or the name you choose for your fund.
  • You receive immediate tax benefits but can give over time.
  • Your assets grow through investment, allowing you to give more.
  • You can establish an endowment as a legacy that will support the community in perpetuity.
The Story County Community Foundation has two primary functions:

Through its community grant program, the Story County Community Foundation (SCCF) is committed to allocating resources to significantly improve or affect the lives of people living in Story County communities.  The foundation receives support for this program with funds made available through the state’s County Endowment Fund and with the support of generous donors.

To provide a means for donors to make gifts that address the challenges and issues confronting Story County communities and organizations now and in the future.

Here’s how it works:
  • Consider Your Goals - Discuss your philanthropic interests with family members—and the tax advantages with your financial advisers.
  • Choose a Gift - Decide what, when and how much is right for you. In most cases, you receive tax benefits the year the gift is made. Endow Iowa tax credits can be used for up to five years.
  • Select the Type of Fund - Determine the type of fund that best addresses your needs and interests.
  • Name Your Fund - Use your name, a family name, a corporate name or honor someone special by establishing a lasting legacy for them. The fund can also be anonymous.
  • Decide how you'd like your fund to be managed
    • Complete the simple fund agreement with the SCCF team. The agreement will serve as the guideline for grants made from your fund now and forever once the minimum required contribution is received.
    • You have the option to choose First Point Wealth Management to manage the funds. This means the funds will be managed locally in Story County.

To learn more about the right type of fund for you, contact the Story County Community Foundation:

Liz Zuercher, Executive Director

(515) 232-9200

lzuercher@storycountyfoundation.org

www.storycountyfoundation.org

You can also contact our First Point Wealth Management Team for more information regarding our Wealth Management services.

Ric Nelson, CFP® First Point Wealth Management Investment Representative

515-663-3074

Richard.Nelson@LPL.com

Story County Community Foundation, First Point Wealth Management and LPL Financial are separate entities.

This information is not intended to be specific individualized advice regarding your situation. Please consult a qualified tax and/or legal advisor before establishing a fund.

First Point Wealth Management is not a registered broker/dealer and is not affiliated with LPL Financial. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following state: AZ, CA, CO, FL, GA, IA, IL, KS, KY, MA, MD, MI, MN, MO, NC, NE, NM, NY, OR, PA, TX, VA, WA, WI

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. First National Bank and First Point Wealth Management are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using First Point Wealth Management, and may also be employees of First National Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, First National Bank or First Point Wealth Management. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency Not First National Bank Guaranteed
Not First National Bank Deposits or Obligations May Lose Value

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