Lincoln County Foundation
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    • Home
    • Eddyville HS
    • Newport HS
    • Siletz HS
    • Taft HS
    • Toledo HS
    • Waldport HS
    • Nestucca HS
    • Palo Alto HS
    • About LCF
Lincoln County Foundation
  • Home
  • Eddyville HS
  • Newport HS
  • Siletz HS
  • Taft HS
  • Toledo HS
  • Waldport HS
  • Nestucca HS
  • Palo Alto HS
  • About LCF

Creating a Fund

Why Gift to a Fund?

Why Gift to a Fund?

Why Gift to a Fund?

Many  people think about making gifts in support of worthy causes in which  they are interested but are undecided how best to provide for future  care of their donation to insure that it will be applied in such a  manner as they direct. Or they may desire to set up a fund with the  principal continuing as a perpetual endowment. 


This  can be accomplished by entrusting your gift to the Lincoln County  Foundation, which was organized expressly for the receipt and management  of donations to fulfill the wishes and directions of such donors. This  plan is favored in making testamentary gifts because it is possible to  be assured that even after the donor's death the principle will  continue perpetually while the beneficiary(s) enjoys the income as the  donor may have directed.

Source of Funds

Why Gift to a Fund?

Why Gift to a Fund?

Gifts/bequests to the Foundation may be made in cash, securities, real  estate, almost any kind of property, both large and small. A donor may name the Foundation as beneficiary of a life insurance policy.

Any gift/bequest may be designated as a memorial. Gifts  to become endowments should be $5000.00 or greater.


The  Lincoln County Foundation is not designed as a money raising venture.  The main objective is to create a method of accepting funds from those who, of their own volition, wish to give and contribute in a material  way to the welfare of the people if Lincoln County.


We  do not contemplate campaigning for funds. We do, however, want to make  the availability of our services known to the community.

Preparing for a Fund

Steps to Creating a Fund

Steps to Creating a Fund

We invite and encourage you to discuss any aspect of the Lincoln County Foundation with its officers or with your banker, attorney or financial planner, all of whom will be most willing to give you further details of the objects and purposes of the Foundation.


Suggested gift forms for wills and living trusts are available. 


Any Lincoln County attorney can assist you in the preparation of any legal documents necessary for a gift to the Foundation or in the preparation of a will with the Foundation as a beneficiary.






Steps to Creating a Fund

Steps to Creating a Fund

Steps to Creating a Fund

  1. Organize a group around some charitable purpose.
  2. Appoint an Advisory Committee and agree on a "Name". 
  3. Form a nonprofit Oregon Corporation (not a 501(c)3)(not required but a good idea)  and obtain an IRS Identification number. (LCF can act as an  umbrella 501(c)(3) for your tax deduction and grant application fiscal needs).
  4. Advisory Committee arranges a meeting with an LCF Board Member from your area and members of the LCF Committee.
  5. Agree on a draft of a "Letter of Agreement". (LCF will furnish samples of letters of agreement.)
  6. Share and revise the draft with your organization.
  7. LCF or your attorney will write a final draft of the Letter of Agreement.
  8. Advisory Committee Members and LCF Board President will sign the Letter of Agreement.
  9. Advisory Committee will make a small deposit to activate the Fund.
  10. We are in a business relationship.

Copyright © 2024 Lincoln County Foundation - All Rights Reserved.


Contact Info:  Email: lcfexdir01@gmail.com       Mail:  PO Box 622, Newport, OR 97365