Ways to Give
There are multiple ways you can support your community through the Elmwood Community Foundation.
Gifts to ECF can be directed to any of the projects we support. Please include your preferred designation with your gift.
Thank you!
Cash & Checks
Qualified Charitable Distribution (QCD) from IRA
Individuals can make a QCD beginning at age 70 ½ (up to $100,000 per year) Beginning at age 72, a QCD can also qualify as the Required Minimum Distribution (RMD) up to $100,000 per year).
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Now that Congress has eliminated the Stretch IRA provision (inherited IRAs can no longer be paid out to heir over lifetime but must be fully disbursed within 10 years), more people are looking to their IRA to fulfill philanthropic goals and use other assets to pass to heirs with less tax burden.
Gifts of Grain –
Grain can be current crop or stored grain
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If possible, please notify EFC of your intended gift of grain by emailing us at elmwoodcf@gmail.com to ensure we have an account set up at the elevator of your choice.
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Deliver the grain to your elevator of choice and let them know to designate the amount of grain you wish to donate and area you wish to support. EX – ECF - Industrial Arts, ECF – Wellness Center, etc.
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EFC will make arrangements for the sale of the grain in ECF’s name. Local elevators have ECF’s information on file.
Beneficiary designations
Wills, Trusts, Insurance policies, IRAs, etc. – Provide future support for ECF – greatest needs, or a specific area they support. Your estate receives a charitable deduction and you make a difference by sharing your legacy with future generations!
Mailing address for your donation:
Elmwood Community Foundation
PO Box 131
Elmwood, IL 61529
The Elmwood Community Foundation (FEIN#37-3181626) is a qualified 501(c)(3) nonprofit organization and per IRS regulations your donation is tax-deductible to the extent allowed by law. Please consult your tax professional concerning the deductibility of your charitable giving.
