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donors | types of funds | establishing a fund | creating a legacy | contact
Creating the fund of your choice is easy when working with the Bucyrus Area Community Foundation. We provide you with a vehicle that allows you to leave a legacy that will reflect your beliefs and values for future generations. The types of funds offered by the Foundation may be viewed by clicking on the "Types of Funds" link above.
THE BUCYRUS AREA COMMUNITY FOUNDATION?
Community: The BACF is located right in the community where you most likely grew up, lived and prospered, or returned to for retirement. The Foundation supports those organizations that you participated in or with and gave meaning to your life.
Professional Investors: The BACF works with numerous professional investment advisors to insure that your money will grow and be protected over the years. The Foundation can maximize returns with minimal cost. What more could you ask for?
Flexibility: The various fund types and options available to a donor insure that your gift will fulfill your charitable wishes.
Security: A volunteer committee made up of experienced community members oversees the investments to add an extra level of security in the management of our funds.
Tax benefits: The planners that work with the BACF will insure that all applicable tax benefits to the donor have been explored.
Doing good FOREVER: Your gifts to the BACF are truly the "gifts that keep on giving".
FUND GUIDELINES:
- Donors will meet with BACF representatives to sign a contract of understanding that specifies the type of fund being established, name of the fund, and specifies the initial contribution amount.
- Minimum contributions are $10,000 for a designated fund and $25,000 for a scholarship fund. The BACF is flexible, however, and will gladly work with a donor, family or organization to establish and manage the fund until it reaches the minimum requirements.
- An annual administrative fee is charged for the management of the fund. The fee structure will vary from 0.5% to 1% depending on size and type of the fund being established.
- The Board of Trustees of the BACF has the responsibility of overseeing the investments of the fund. It is the goal of the Board to achieve a balance of fixed income with equities to provide a steady source of income that will keep pace with inflation over the years.
- The organization is informed upon receipt of the annual check of precisely which fund has contributed. The BACF routinely publicizes all grant making awards, including the name of the Funds distributing money. Named funds are also mentioned regularly in our annual newsletters, financial reports and other promotional materials.
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