About FAQs

Donors receive a number of benefits and incentives for charitable giving. Anyone, regardless of wealth or position, can create a charitable gift fund at KRCF. Donors can establish their own named fund for as little as $5,000 and can take up to 5 years to fulfill their initial contribution. Contributions can be made to existing funds at any time for any amount.

• Donors know that their charitable wishes will be carried out in both present and future generations. Donors are assured that their gifts will be held in perpetuity and administered in accordance with their wishes. Unless donors choose to be anonymous, their names will be honored in perpetuity.

• Donors can pool gifts with others’ contribution to increase charitable impact, provide a better investment return, and other efficient financial management. Funds are categorized as either short-term or long-term and the investments of each may be different.

• Donors receive KRCF’s annual report, their annual fund statement, and information on other grant-making opportunities as desired.

• Donors appreciate the ease of making a gift. After establishing a fund, there is no separate tax return to file. All grant paperwork and government reporting is handled by the KRCF.

• Donors and contributors can contribute gifts at any time and to any specific charitable cause. Those who set up a specific fund are called donors. Contributors are those who give to existing funds.

• Donors and contributors receive the maximum tax benefit from a gift. Contributions made through KRCF qualify as a maximum deduction for income, gift, and estate tax purposes.

The primary purpose of a community foundation is to preserve and protect donors’ investments and charitable intentions while still providing as high a return on investment as possible. KRCF is organized to provide permanent investment and grant making protection for each donor’s fund.

The Kansas Rural Communities Foundation (KRCF) has been formed as a 501(c)(3) non-profit organization to provide services to local charitable organizations and help rural communities mobilize charitable giving.

The purpose of the KRCF is to help communities and individuals strengthen and sustain charitable giving at the local level in order to build funds and endowments that will assist local civic institutions and create a new source of opportunity capital for community economic development.

Anyone can make a tax-deductible contribution to any fund within the KRCF and receive the full tax benefit of giving to a 501(c)(3) charitable organization. As part of its services, KRCF will automatically issue receipts and tax information to the giver(s). Checks may be made out to the designated fund in care of the KRCF.

KRCF will provide all record keeping responsibilities for affiliated funds and complete any necessary tax-related duties. KRCF will be responsible for issuing donation receipts, developing fund agreements, investment management, fundraising consultations, training, and (when necessary) distribution of marketing materials.

No. Once enough money has been raised to fund the operation of the organization, the KRCF will only work within those communities to solicit money for each community’s endowed fund.