What is the Wichita Falls Area Community Foundation?
The Wichita Falls Area Community Foundation is like a charitable bank. The customers deposit/set up their fund, spend/advise where the money goes, and for some, save/endow the dollars. All these transactions are for charitable purposes only.
Isn't it better to have my own foundation rather than setting up a fund at the Wichita Falls Area Community Foundation?
People who are considering a private foundation with less than $7,000,000 in assets could consider initiating a charitable fund at the Wichita Falls Area Community Foundation. In most instances, a fund is less expensive than costs associated with a private foundation, i.e. legal, accounting, reporting, administrative costs, etc.
How do I set up a fund at the Wichita Falls Area Community Foundation?
Click here to access the New Fund Worksheet that walks you through setting up a charitable fund at the Wichita Falls Area Community Foundation. Call 940-766-0829 or email Leslie Schaffner to set up an appointment (email@example.com).
If I wanted to make a charitable fund that would be effective after I die, how do I do that?
WFACF can work with donor to initiate a Legacy Fund. This Fund sits at WFACF until donor dies then through donor’s will, the Fund populates to fulfill charitable wishes.
If I don't want to set up a fund, but I want to donate to the Wichita Falls Area Community Foundation, what are the needs?
There are 10 community funds that stand ready to accept donations. These community funds are as follows:
Animals, Arts, Disaster, Education, Environment, Health, Youth, Seniors, Community Grants, Volunteer Fire Department
Additionally, there are a great number of Agency and Designated Fund that accept donations. A current funds list is always available here. If your favorite nonprofit doesn’t have a fund at WFACF, perhaps you and a group of friends can initiate a fund for the benefit of your favorite nonprofit. Don’t forget, you can also make a charitable bequest in your will to leave your estate to a fund at WFACF.
How do I donate to the Wichita Falls Area Community Foundation?
WFACF takes checks by mail; stocks (wiring instructions provided),credit cards, by phone or on-line.:
2405 Kell Blvd, Ste. 100, Wichita Falls, TX 76308
Call 940-766-0829 for wiring instructions.
Click here to donate online.