Giving FAQs

Frequently Asked Questions About Giving

If you have a question about the different ways to give through the Custer County Foundation, please read the information below or call us at (308) 872-2232.

What Kinds of Endowment Funds Can Be Developed Within the Foundation? 

• Field of Interest Funds. A field of interest fund can be designated to meet your specific interest such as arts, education, health care, or programs for the youth or the elderly.
• Designated Funds. Designated funds support a specific charitable organization within Custer County such as the Boy Scouts, 4-H, Prairie Pioneer Center, or one of the county’s public schools. 
• Scholarship Endowment Fund. A scholarship can be established to honor and pay tribute to a family or individual. Guidelines for creating scholarships can be as general or as specific as a donor or donors desire. The amount of the award depends on the annual interest an endowment receives. 
• Unrestricted Funds. Funds can be given to be pooled with other undesignated funds for the broad charitable purposes of the Foundation. 

Why Give Through the Foundation Instead of Directly to a Charity? 

• Option of establishing one fund to benefit multiple purposes. 
• Maximum tax benefits. 
• Flexibility in the types of assets that can be gifted.
• Guaranteed long-term adherence to the donor’s wishes. 
• Professional management of funds. 
• Record-keeping convenience. 
• Confidence of fund integrity through sound leadership and financial audits. 

How Can I Help? 

• Arrange a bequest to the Foundation in your will. 
• Make gifts in memory of deceased persons or in honor of living persons. 
• Establish within the Foundation a fund bearing your name or the name of the one you wish to honor. 
• Give money, securities, personal property, or real property. 
• Make the Foundation the beneficiary of a life insurance policy. 
• Transfer assets to the Foundation from a private foundation and retain identity of name and purpose.