“We just updated our wills and included the RRCF as a beneficiary. We knew the general areas we wanted to benefit. However, times and organizations change so we specified two areas we wanted to benefit and trust the wisdom of the RRCF board to further our wishes when the time comes.”
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Roger & Marlene Winter
“Under RRCF's umbrella, we receive 501c3 tax status which has given our small charity greater credibility. Having our money invested in a larger pool has also allowed for growth unattainable on our own. We leave the paperwork to the experts and focus on our mission to provide emergency pet care for low income seniors.’”
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Chuck & Mij Charbonneau, The Budkis Fund
GIVING OPTIONS
Giving is not one-size-fits-all. There are many different ways to give and it's important to find the one that fits your goals and budget and will maximize your gift's benefit. Would you like to make a gift now? Are you interested leaving a future gift? Maybe you'd like to set up your own fund. Review your options and choose what works best for you.
ESTABLISH A FUND
ARE YOU CONSIDERING ESTABLISHING A FUND OF YOUR OWN?
With the Renton Regional Community Foundation, it’s fast and easy to establish your own charitable fund. Simply start with a minimum donation of $10,000 (or the equivalent) for any charitable cause(s) you wish to benefit — today or in the future — and let us do the rest.
Need help? Contact us and tell us what you have in mind. In the meantime, here are a few things to consider:
- Do you wish to spend only the earnings generated by the fund, thereby preserving the principal for the future? (Endowment)
- Would you like to advise the Foundation on disbursements? (Donor Advised Fund)
- Do you wish to benefit a single organization or a specific area of need, such as diabetes treatment or scholarships? (Designated Fund)
- Do you want to benefit a broad area of need, such as children in need, education, healthcare or the arts? (Field of Interest Fund)
- Would you prefer that the Foundation Board make grants from the fund based on priority needs of the community? (Unrestricted Fund)
- Do you know which assets you will use to initiate the fund (cash, securities, property)?
Contact us to request a sample fund agreement. Then, simply schedule a meeting at our offices to discuss your wishes.
WHEN YOU'RE READY - IT’S SIMPLE AND FAST
Here where you start! It only takes a few simple steps to complete the legal documentation for your new fund.
- Review the fund agreement with your family and legal advisor(s) to decide which type of fund fits your goals.
- Decide what you will name the fund. It can honor a loved one or create a family legacy.
- Decide if you wish to retain the right to recommend how grants are made. (This is considered a donor-advised fund.)
- Decide what the purpose of the fund will be. It can be very specific or very broad.
- Decide if you wish the fund to be an endowment (spending only earned income).
- Decide what assets you will use to establish the fund (cash, securities, property).
- Call the foundation executive director to complete your fund agreement and build in any specific ideas you have for the fund.
- Once the fund agreement is signed and assets have been transferred to the Foundation, your fund is official and will take its place among our family of funds.
- Feel free to explore the different types of funds, and contact us with any questions or concerns
View a definition of the different types of funds. Then, don’t hesitate to contact us for more information or to schedule an appointment.
MAKE A GIFT TODAY
DONORS HAVE A SINGLE GOAL
Donors come in all sizes and shapes, but they all have one thing in common — a passion for helping their community. If you share that passion, read on for more information about how you can join us as we strive to make our community a better place to live and work.
DONATE TO AN EXISTING FUND TODAY
The Renton Regional Community Foundation appreciates every contribution. Are you ready to pitch in? Simply visit our secure donation portal, choose from one of our many funds and donate! Or, you can mail a check to our office. We’ll acknowledge your gift (for tax purposes*) and notify the fund or organization you benefited of your generous gift.
Gifts to the Foundation’s “Area of Greatest Need” are especially appreciated because they help us continue to expand philanthropy for the benefit of all people. For more information, visit our complete list of funds.
*The Renton Regional Community Foundation is a qualified tax-exempt organization and your donation is tax-deductible to the extent permitted by law. Our tax ID# is 23-7069988.
TRIBUTE & MEMORIAL GIFTS
Would you like to honor a special individual or their memory with a charitable gift? The Renton Regional Community Foundation can help. Donations in another’s name can be made through our website, or by mailing a check to our office (be sure to include the name and address of the honoree). We will notify the individual or their family of the generous donation made in their honor.
LEAVE A FUTURE GIFT
HOW YOU CAN HELP PLAN FOR THE FUTURE
The Renton Regional Community Foundation is here for the long-term and relies on donors who share our dream for a better future for the Puget Sound area. Fortunately, there are almost as many ways to give as there are needs to be met ― now and in the future. With a little planning, you can benefit your community at the same time you provide for your own future and that of your children. For more complicated estate planning vehicles such as charitable remainder trusts, we work with U.S. Bank Charitable Services Group and can schedule a meeting and/or phone conversation to answer your questions.
WHAT IS A PLANNED GIFT?
Planned gifts are made from a donor's overall estate and not from current income. This type of giving takes planning and typically utilizes the skills of the donor's own legal and/or tax advisors. Planned gifts take into account the benefit to the charity, as well as the financial implication to you and your family and can include cash, publicly traded securities, real estate, life insurance, or other personal property. A planned gift can be established through a variety of charitable gift vehicles, including through those that offer an additional stream of income.
For more complicated estate planning vehicles, we partner with U.S. Bank Charitable Services Group. We would be delighted to facilitate a phone call or an appointment with a U.S. Bank Charitable Services Group member to help answer your questions about planned gifts. They can help you navigate this very complicated process so that you achieve your charitable goals and any tax benefit to you.
TO SHOW OUR APPRECIATION - COMMUNITY LEADERSHIP SOCIETY
We greatly appreciate when a donor includes the Renton Regional Community Foundation in their will or estate plan. When they do, they become our partner in guaranteeing that resources will be available in the future.
Donors who designated a gift in their will, or complete another form of planned gift, such as a charitable remainder trust, will have their name included in our Community Leadership Society. This offers them the opportunity to join a select group of people who believe in and advocate for the community foundation concept, while encouraging others to do the same.
Review our members by clicking here: Then, consider your own gift. A simple letter of intent telling us how you intend to include RRCF or one of our funds in your estate plans will allow us to add your name to the growing list of individuals who choose to benefit their community in this thoughtful way. You can also establish your own fund through your will, so that you can impact causes you care about long into the future.
MAKING A GIFT THROUGH YOUR WILL
Making a gift through your will is a simple and popular way to support your community and the causes you care about most and can offer significant tax advantages. It can also leave a lasting legacy for you and for your family.
When including the Renton Regional Community Foundation in your will, you may choose to designate your gift toward:
- A specific fund,
- A new fund in your name*,
- A general area of interest,
- A specific cause, or
- An unrestricted gift for the area of greatest need.
See our Recommended Bequest Language to help you craft a change or codicil to your will.
*If you wish to give a gift of $10,000 or more, you can request the Renton Regional Community Foundation establish a fund in your name to benefit the cause(s) that you specify. Should you choose to donate more than $100,000, you may also request that the gift be treated as an endowment, in which the principal gift is maintained for the future and only the earnings are distributed to the benefit of the cause you choose to support.
Contact us today with questions or for more information about wills and other forms of planned gifts.
The Community Leadership Society
The Community Leadership Society recognizes a special group of visionaries and donors who have demonstrated their commitment to the future of the greater Renton area by including the Renton Regional Community Foundation in their estate plans.
The Community Leadership Society honors those inspirational individuals and families who provide written confirmation of their intent to include the Foundation in their will, trust, life income arrangement or other type of estate plan. The Society recognizes gifts made to benefit RRCF directly, one of the many existing funds held by RRCF, or establishing a new fund to benefit a cause close to the donor’s heart.
Benefits of planning a future gift and joining RRCF’s Leadership Society include:
- The personal satisfaction of planning for the future;
- Potential tax benefits relative to income and estate taxes;
- Potential financial protection for a loved one;
- Potential life income stream;
- Recognition on the Foundation’s website and other publications;
- Invitations to Foundation informational and recognition events.
The Renton Regional Community Foundation encourages anyone hoping to positively influence the future of the greater Renton area to consider a planned gift. We have the professionals who can help donors reach their goals and we promise to recognize their commitment and to keep them involved as their community grows and prospers.
For more information on how you can join this visionary group of people, contact the Foundation.
P.O. Box 820
Renton, WA 98057
(425) 282-5199
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