How can investors support our community through FSEEF?
There are many ways to contribute, and all gifts are tax deductible.
To Invest Now…
Create a Fund
- An individual, family, business or nonprofit gift can create a unique fund tailored to meet specific interests.
- Grants made from your fund will always be awarded in the name of the fund. If you desire anonymity, the Foundation will protect your identity.
Give to an Existing Fund—Currently, FSEEF holds three funds:
- FSEEF Endowment—Investments in the FSEEF endowment will benefit learners of all ages in Simpson County. Educational programs both within the community and school systems benefit from investments in the FSEEF Endowment.
- Franklin-Simpson Alumni Fund—Investments in the F-S Alumni Fund are held specifically for scholarships for students of Franklin-Simpson High School alumni and programs within the Simpson County Schools.
- Franklin-Simpson FFA Greenhouse Project Fund—Investments in the Greenhouse Project Fund will assist F-S FFA with the purchase, construction and maintenance of a new greenhouse at FSHS. Further information on investment levels for the Greenhouse Project Fund are available by clicking here F-S FFA Greenhouse Project Donor Form.
To Invest Later…
Based on your personal financial needs, as well as your long-term charitable goals, you may wish to create a charitable fund in the future. FSEEF enables you to give later through wills, trusts, bequests, or other giving options. Our staff will work closely with you and your financial advisors to structure an investment strategy customized to your personal and financial goals. We will work with you to navigate such issues as when to give, how to give, and the most advantageous assets to give.
Types of Investments
- Cash–usually in the form of a check is the most common form of charitable investment. Cash gifts enable you to claim a current income tax deduction of up to 50% of your adjusted gross income in the year of the gift with a five-year carryover, if needed.
- Mutual funds—utilized to establish or add to an existing fund. The investor generally receives a deduction based on the value of the mutual fund at its public redemption price.
- Life Insurance—If FSEEF is named as the owner and beneficiary of an existing or new life insurance policy, the investor immediately receives a tax deduction which usually approximates the cash surrender value of the policy. All premium payments made by the investor thereafter will be deductible as a charitable contribution.
- Outright Estate Gifts
- Bequests—A bequest through your will or trust is a wonderful way to provide for your favorite charities while enabling you to retain the use of your assets during your lifetime. You can gift a specific dollar amount, a percentage of your estate or the remaining property after all other obligations are filled.
- Retirement Plan Beneficiary Designation—Investors can designate your fund at FSEEF as the beneficiary of your IRA or other retirement plans. Retirement plan assets are ideal for charitable giving because they are more heavily taxed than other estate assets.
- Life Insurance Beneficiary Designation—If you are not ready to give up ownership of a life insurance policy, you can contribute the proceeds of a life insurance policy to help FSEEF carry out your wishes after your lifetime. By names FSEEF as the beneficiary, you retain ownership of the plicy and have access to the cash value as well as the right to change the beneficiary.
Our staff and professional advisors will be happy to discuss investment options that fit your specific philanthropic and financial goals.
Click here to learn more about FSEEF and investment opportunities. Fact Sheet & Investment Opportunities