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Creating a
Fund
A permanent charitable or
educational fund may be created by:
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entering into a fund agreement
with The Tiffin Charitable Foundation |
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naming The Tiffin Charitable
Foundation as beneficiary in your Will and describe your
fund. |
To date, individuals, families,
businesses, nonprofit and other organizations have created
more than forty component funds within The Tiffin Charitable
Foundation. A minimum $5,000
contribution can begin now to grow into a permanent source of funding
for the future.
The investment of endowment
funds is managed to achieve maximum earnings. All funds are
created and maintained as separate funds. Because of
the total of foundation assets, investment charges are greatly
reduced. All correspondence, accounting, and required federal and state
reporting is done by the foundation. Investment statements are sent to
the fund donor
quarterly. Once established, the funds grow by additional
contributions, reinvested dividends and market growth. Distributions
(also called grants) may be
designated as net income, income and principal, or a
percentage of the market value.
Professional services are
provided to The Tiffin Charitable Foundation by:
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UBS
Financial Services, Inc. |
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Merrill Lynch |
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Fifth Third Assets Management |
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The Old Fort Banking Company |
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United Insurance
Service |
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Pry Professional Group. |
Donor Advised Funds may be named for yourself, your
family, in memory or in honor of a loved one.
You may make
recommendations about the distribution of grants. Many donor advised funds grant scholarships.
Field of Interest and
Designated Funds address a specific need or
area of interest, such as performing arts, water safety, to
support a nonprofit organization, or to support a particular
activity, school or community within Seneca County, Ohio.
Corporate Funds administer your company’s charitable
activities for you while you are still given credit for the grants
made from your fund.
Nonprofit Endowment Funds created by existing
nonprofit organizations lessen your paperwork and expenses.
Private Foundations can eliminate liability,
reporting, filings and paperwork by transferring your
private foundation assets into The Tiffin Charitable
Foundation and still be able to
continue your foundation’s work.
The Tiffin Charitable Foundation accepts a wide range of
assets to create a fund or as contributions to existing
funds. Outlined below are examples.
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Cash |
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Securities |
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Life insurance |
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Life income |
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Charitable bequests |
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Other assets, including, but not limited to real estate,
closely held stock, |
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or anything else that can be contributed to add value to
a fund. |
Thomas Jefferson once said, “I
believe that every human mind feels pleasure in doing good
for another.”
For 25 years, the Donors of
component funds of The
Tiffin Charitable Foundation have donated more than $2.2
million toward doing good things for their friends,
neighbors, families and future generations of Tiffin and
Seneca County, Ohio.
It's easy. It's
cost-efficient. It's permanent. It's a legacy.
Please contact your investment,
legal, or tax advisor and The Tiffin Charitable Foundation
for more contribution information.
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