Check out one of our newest funds…
How does the Morton Community Foundation work?
What does it mean to Gather, Grow, and Grant?
You’ve lived here. You’ve worked here.
Morton has been good to you.
You can give back with a gift to our community’s future. By designating a portion of your estate for future good works, you can endow a charitable fund at the Morton Community Foundation that will bear your name (or any name you choose) forever. Your gift will establish a permanent legacy, provide a lasting source of pride and build a stronger community.
GIFTS OF NON-CASH ASSETS
Source: Fidelity
Individuals who wish to start an endowment fund at the MCF, or who wish to donate to an existing endowment may do so by directly transferring shares of highly appreciated stock, which could result in tax savings for the donor.
The size of your benefit is your unrealized gain times your tax rate. This basic idea still applies if you’re only donating a smaller amount of stock at the lower long-term capital gains rate of 15%. If you bought a stock for $1,000 and it’s now worth $2,000, donating it directly will save you $150 to $238 in taxes ($1,000 x 15% or 20% or 23.8%). If someone didn’t know and simply changed the order (sell stock, then immediately donate the cash proceeds), that tax savings would disappear.
"…This special benefit is particularly important under the new tax law, because it applies to all donors, even non-itemizers who canʼt use charitable deductions.
Donors can benefit even when they donʼt want to change their investment portfolio. For example, instead of donating cash, a donor can give shares of appreciated stock and then use the cash to immediately purchase identical replacement shares, leaving the portfolio intact, but eliminating all capital gains." Source: Professor Russell James III , J.D., Ph.D., CFP® Director of Graduate Studies in Charitable Financial Planning Texas Tech University.
Caterpillar or State Farm employees or retirees who combine direct transfer of highly appreciated stock to the MCF along with the State Farm or CAT Foundation 1:1 matching grants program can make huge impact on their favorite cause(s) through the Morton Community Foundation.
Higher Standards
The Morton Community Foundation has recently been accredited with National Standards for U.S. Community Foundations®—the highest standards for philanthropic excellence.
We work to support the causes our community cares about, from supporting our outstanding schools and strong youth sports organizations to installing adaptive recreational equipment, supporting our amazing public library, and collecting donations for non-profit and school COVID mitigation efforts. National Standards says that we meet the most rigorous standards in philanthropy and is a promise to our community that we’ll continue to do this good work together, right here in Morton.
National Standards is not mandatory. We chose to go above and beyond by affirming our commitment to excellence and accountability. Our accreditation provides assurance that we have sound policies and practices in place. In short, it means we meet the highest standards for local giving.
To receive accreditation with National Standards, the Morton Community Foundation submitted our policies and procedures to a rigorous review of 26 National Standards in six key areas of community foundation operations, including donor services, investment management, grantmaking and administration.
The National Standards for U.S. Community Foundations® program was established in 2000 in cooperation with the Council on Foundations. For more information about National Standards, visit www.cfstandards.org.
OUR INDIVIDUAL ANNUAL SUPPORT PARTNERS
Click the button below to see a list of all the individuals/families who have made a commitment to support the Morton Community Foundation's Operating Fund with regular monthly/quarterly/annual donations. Call to find out how you too can help in this way.
OUR BUSINESS ANNUAL SUPPORT PARTNERS
OUR GOLD LEVEL BUSINESS ANNUAL SUPPORT PARTNER - $5,000/YR
OUR SILVER LEVEL BUSINESS ANNUAL SUPPORT PARTNERS - $2,000+/YR
CLICK BELOW TO SEE ALL OUR BUSINESS ANNUAL SUPPORT PARTNERS - $150 to $1,000/YR
