Ways to Give

The Community Foundation issues annual audited financial statements and quarterly reports to donors regarding adherence to their wishes and sound financial practices. You can rest assured the Community Foundation will be true to your charitable objectives for generations to come. We also adhere to and exceed the Community Foundation National Standards. More information on National Standards can be found at www.cfstandards.org/

The Wichita Falls Area Community Foundation handles fund paperwork, including fund statements, processing checks, tax filings, annual financial audits, donor acknowledgements, tax receipts, and record-keeping.

As a public charity qualified under IRS 501(c)(3), gifts to the Community Foundation qualify for maximum tax advantages more than a comparable gift to a private foundation. A gift of cash is deductive up to 50% of the donor’s contribution base. For gifts of appreciated property, the deduction is up to 30% of the donor’s contribution base.

The Community Foundation generally pools its separate endowments for investment purposes while retaining each as a separate entity on its books. This results in better investment opportunities with less overhead than if each endowment were invested on its own. All funds, no matter what size, benefit from professional management. Also, an endowment within the foundation pays no tax on investment income.

Within established legal guidelines, almost any kind of charitable activity can be supported through a fund within the Wichita Falls Area Community Foundation. Family members can be involved. Grants can be made to qualified organizations anywhere in the United States. While we concentrate on building permanent endowments, it is also possible to create funds that spend a percentage of principal or that simply “pass-through” 100% of the gift to deserving charities.

Through due diligence and local charity expertise, we can ensure your giving goals are met and help guide your gift to the causes you care about most.

With an investment manager, the Community Foundation will oversee your fund’s investment activity within your selected investment portfolio.

With your gift invested over time, your gift and future earnings will leave a lasting impact for years to come.

We handle behind-the-scenes work (application, outreach, selection, and check-writing) to ensure your scholarship is awarded based on your preferences.