Thursday, March 25, 2010

Humane Society of Portage County Endowment Fund


The Community Foundation of Central Wisconsin welcomes the Humane Society of Portage County Endowment Fund to its family of funds.  A charter agreement was recently signed to establish this new fund at the Community Foundation.

Humane Society of Portage County Endowment Fund

Distributions from the fund will support the mission and ongoing needs of the Humane Society of Portage County, Inc.  “We are pleased to add the Humane Society’s Endowment Fund to our family of funds” said Terry Rothmann, Executive Director.

Wednesday, March 24, 2010

Foundation Seeks Board Members


The Community Foundation of Central Wisconsin is seeking applicants from the community to fill vacancies on its Board of Directors.  Interested persons should send a brief resume and cover letter indicating why they are interested in serving on the board by April 15, 2010 to:

            Community Foundation of Central Wisconsin, Inc
            Terry Rothmann, Executive Director
            1501 Clark Street
            Stevens Point, WI  54481

            Or via email to:
            terry@cfcwi.org




If you have questions about the position,
please contact the Foundation at 715-342-4454
Or visit our website at www.cfcwi.org for more information about what we do.


Maximizing Your Charitable Contributions

Kim Hilgers, Vice President, M&I Wealth Management

As individuals, we are often asked by charitable organizations to help support the needs of our community. Pulling out your checkbook and writing a check to meet those needs or requests might seem like the right answer, but it is by no means the only or even the best answer. There are a number of ways to make charitable donations in lieu of cash that benefit both the charity and yourself.

Gifting Appreciated Property
An oft-overlooked means of charitable giving is making a donation in the form of an asset you already own. Almost any asset of value can be used as a charitable donation. Often, this type of donation comes in the form of donating stock with a low cost basis that has appreciated in value.

The benefit of this type of donation is best illustrated with a simple hypothetical example. Let’s assume that 10 years ago, you purchased 2,000 shares of XYZ stock at $1 per share, and the stock is now worth $50 per share. You want to use these shares to make a $100,000 contribution to your favorite charity, and you are effectively in the 35% tax bracket.

If you were to sell the 2,000 shares of XYZ stock through your broker, using the proceeds from the sale to make your charitable donation, you would be a little short of meeting your $100,000 pledge due to potentially owing the IRS almost $15,000 in long-term capital gains tax and the commission charged for the sale of the stock.

As an alternative, if you were to have the 2,000 shares of XYZ stock transferred from your account to the charity’s account, there would be no long-term capital gains tax consequence and no commission charges. Transferring the stock enables you to avoid paying long term capital gains taxes that would have occurred if you sold the stock as a means of raising the cash to make the donation.

This article provides insights from M&I Wealth Management that may be useful to you in assessing risks and opportunities in the current environment related to your financial and wealth planning needs. The information contained herein should not be construed as tax, legal, or investment advice, and readers are encouraged to consult their tax, legal, and investment professionals with specific questions applicable to their own financial situations.

Join with us.  The vision of the original board of directors and the lasting effect of the first modest gifts continue to shine for the betterment of all in Central Wisconsin. 
For more information on bequests, scholarships, donations to, or grants from the Community Foundation, contact its offices at 715-342-4454, or visit its website at www.cfcwi.org.


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Tuesday, March 23, 2010

Community Foundation Invests in CAP Lending Arm


The Community Foundation of Central Wisconsin has invested $200,000 in CAP Services’ Business Loan Fund.  The fund is administered by Community Assets for People LLC (CAfP), a division of CAP Services.

According to CAP President and CEO, CAfP will use the investment for its “Gazelle Fund” that targets value-added businesses ready to make a leap in growth but that lack the financing for more space, working capital and equipment.  Patoka explained that “value-added” businesses are those that produce a product or offer a service that brings wealth into the community.  She said that while these companies aren’t obligated to create new jobs, as they grow they eventually do create additional jobs because the capacity has increased.  But while they are growing, those businesses are creating wealth in the community.

Past “Gazelle Fund” borrowers have included American Governor in Amherst and Pointe Precision in Plover.  Other investors in the Gazelle Fund include Delta Dental of Stevens Point and the Neighborhood Enterprise Initiative.

According to CAfP Director, Karl Pnazek, the Gazelle Fund is unique because it does not require job creation in the short term but rather focuses on the overall impact of the company’s expansion on the local economy.  Not requiring job creations helps companies focus on their expansion and incorporating the most advanced technology available so they can compete in the world market.  

CAP Board member and Treasurer Lyne Kawleski noted that CAfP operates the Gazelle Fund in cooperation with other public and private lenders.  Its loans are designed to fill the gap between what conventional lenders will loan and what the entrepreneur needs.  The loans may be used to finance the purchase of property, equipment or inventory. 

CAfP has three business loan funds, one for low-income entrepreneurs, one for businesses creating jobs that commit to hiring low-income people and the third for existing businesses positioned for rapid growth that need quick access to capital.  Persons interested in learning more about CAfP’s business loan funds should contact Nancy Ross at 715/343-7141.

CAP Services is a private, non-profit corporation serving as the designated community action agency for Marquette, Outagamie, Portage, Waupaca and Waushara counties.  It has been offering programs that help low-income people attain economic and emotional self-sufficiency since 1966.


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Tuesday, March 16, 2010

Juniper Art Guild Fund


March 16, 2010 - Stevens Point - The Community Foundation of Central Wisconsin welcomes the Juniper Art Guild Fund to its family of funds.  A charter agreement was recently signed to establish this new fund at the Community Foundation

Juniper Art Guild Fund
Distributions from the fund will be used to support the Juniper Art Guild which is an art incubator supporting emerging artists with disabilities and without.  “The Juniper Art Guild is another addition to the thriving arts community in Portage County” said Terry Rothmann, Executive Director.

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Ma-Kah Water For All Fund



My dear friends,


When a loved one passes away you immediately think the world would come to an end. I have been in that corner once. Last February I lost a dear sister Ma Kah Rosemary Fokum Dinga. She was a nurse by training and she volunteered as a nurse most of her adult life. She became sick of stomach complications and died without proper diagnoses. Before her passing she had mentioned to me repeatedly that “…the greatest gift of life after free air is clean water”.

I started the Ma-Kah Water for All project to help build 40 pump wells in honor of my sister. With the help of a few Stevens Point community friends I was able to build the first well in December of 2009. This well will serve about 600 villagers. I have seen firsthand the streams where most of the villagers get their drinking water. The water is making the villagers sick and they spend a lot of working hours fetching water.  

Please join me by making a small donation today to help build these wells. You can also contribute as a family to build one well. A well costs about $5000. There will be a plaque with your family name attached to the well.




 Thank you!

Sam S. Dinga
Founder
Ma-Kah Water for All


If you are interested in helping Sam and his project.  You can make a gift through the Community Foundation by calling or visiting our website and making an online donation.

Wisconsin River Academy


March 8, 2010 - Stevens Point – The Wisconsin River Preservation Fund at the Community Foundation of Central Wisconsin has made a gift to the Wisconsin River Academy at SPASH.  The Wisconsin River Academy’s mission:  For students to appreciate and share how the river affects the community and how the community affects the river.  The Wisconsin River Academy was created to give students the opportunity to discover the environment “hands on” and be immersed in outdoor settings.  All studies in this school focus on the Wisconsin River and its economic, cultural, and historical impact on the Central Wisconsin region.

Monday, March 1, 2010

Newsletter SPRING 2010

Newsletter for SPRING 2010


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