New Tool for Nebraska's Donors,
A look back at the Sandhills Area Foundation in 2005
by Bob Stetter
The Sandhills Area Foundation held its annual meeting on January 24, at the Peppermill's meeting room. Seventy-two members and guests attended the annual
Featured speaker was John Hanson, District Director for Congressman Tom Osborne. Bob Stetter retained his position as president, Phyllis Rothleutner retained her position as vice-president, Mary Young retained her position as treasurer and Susan Beel retained her position as secretary.
Members of the Board retaining their position were Ralph H. Eatinger, Robert Gustafson, Gerald Keech, Dave Major, Dave Sandoz and Frank Sibert. In the spring, the scholarship committees awarded twenty-seven scholarships in the amount of $1,000 each. These scholarships were awarded to 13 high school students, 11 college students and three continuing education students.
Grants in the amount of $14,550 were awarded. Grants from the Melissa Major Memorial Fund were awarded to the Valentine Fire Department and the Cherry County Ambulance Service. Grants from Sandhills Area Foundation funds were awarded to the Sparks Community Church and the Wood Lake Games Committee.
Phyllis Rothleutner resigned from her position as vice-president. Gerald Keech was elected by the Board to take Mrs. Rothleutner's position as vice-president. He is to take the position as president of the Sandhills Area Foundation at its annual meeting on January 30, 2006.
The Foundation received a donation of $6,000 from memorial donations in the name of Floyd Bryant. Pfizer Foundation Matching Gifts Program matched the $6,000 from the memorial donation for a total of $12,000. Lonty Bryant, Mr. Bryant's son, is employed by Pfizer.
Membership increased from 140 to 166, an increase of 26 new members. Membership consists of five Special Benefactors with donations of $5,000 or more, 27 Lifetime Members with donations of $2,000 to $5,000 and 134 Foundation Members with donations of $100 to
Assets increased from $779,897.16 to $804,585.86.
Nebraska taxpayers have been given a new incentive to give back to their hometowns. Beginning with the 2006 tax year on January 1, 2006, donors to Nebraska's community foundations and other non-profits will be eligible for a state charitable tax credit. The donations must be to permanent endowments. The income from those endowments can only be used for Nebraska charitable purposes.
Nebraska charitable tax credit for planned gifts by individuals and cash gifts for corporations, LB 28, was introduced by Sen. Matt Connealy, District 16, of Decatur and passed by the Legislature and signed by Governor Dave Heineman in June.
The types of irrevocable planned gifts that donors can use include charitable gift annuities and deferred gift annuities, life estate agreements, paid-up life insurance policies, pooled income fund trusts, charitable lead unitrusts and annuity trusts, and charitable remainder unitrusts and annuity trusts.
Permanent charitable endowments that will qualify for contributions under LB 28 provisions can be established by Nebraska based non-profit organizations. These endowments, composed of donations of cash from corporations or the remainder interest of irrevocable planned gifts from individuals, are placed in income producing investments. Also eligible under LB 28 provisions will be the permanent endowments at community foundations for donor advised funds and funds designated for specific non-profits.
The officers and directors of the Sandhills Community Foundation, believe that LB 28 legislation will provide individuals and corporations with a good incentive to help support their local endowment fund. We live in an area with very generous and caring people. We especially like to contribute to causes that will keep on giving over an extended period of time. Gifts to the Sandhills Area Foundation's endowment fund will help residents of North Central Nebraska for years to come. This new law will not only emphasize the importance of building endowments, but financially reward those that so unselfishly give to ensure that the good life in the Sandhills is perpetuated.
What it is and how it might work for you.
A charitable gift annuity is a contract between you and a charitable foundation or other charitable group. You make an irrevocable gift to a charity of your choice. A portion of the gift is tax deductible. The designated beneficiary will pay to you a fixed amount for life based on the terms of the contract. If you have investments that are returning a small percent or no percent, a gift annuity might be worth looking at. The quarterly or annual pay-out is based on a persons age and the rate that is set by the IRS. If you are 75 years old, the return could be as much as 10 percent. If you are younger, the return will be less. If you are interested in finding out more about gift annuities, contact any board member of the Sandhills Foundation.
Why a Community Foundation?
by Frank Sibert
We live in a community that is made up of places things and people. The community where we live shapes who and what we are. If you live in a progressive community you are probably a progressive person. People who live work and play together are more content with themselves than those who are alone. Working to improve where you live for your self and for others results in a better more well rounded person. People who are community minded are happier than those who are loners.
This is where a community foundation enters the picture. It is an organization that enables people to work together with their time and money to improve where they live. Giving of ones time, talents and treasurer1 results in a better life.
The community foundation enables donors to give back to the community money that is tax deductible. The money that is given is used for Scholarships and Grants that will benefit the youth and the community.
A community leader that supported community projects once said the more he gave away the better he did. Most of us have found this to be true.
Memorial scholarship established in memory of Floyd Bryant
by Danae Biltoft
The family of Floyd Bryant is pleased to announce the establishment of the Floyd Bryant Memorial Scholarship through the the Sandhills Area
Foundation An amount of $12,000 has been donated to this fund through the support of the Sandhills community and matching funds.
Floyd was a lifelong follower of the youth of the area and his love for the student athletes from Thedford, Cody-Kilgore,
and Valentine, led to the establishment of this scholarship. There were few things that he enjoyed more then getting to know the students and following their accomplishments.
An avid fan of all youth activities, Floyd also was a firm believer in the value of education and instilled a love of education in his own children and grandchildren.
College-bound students wishing to apply for this scholarship should contact the Sandhills Area Foundation for details.
Community members wishing to help preserve Floyds legacy of supporting the youth of the Sandhills area are encouraged to donate to this fund. We know he is still celebrating every free-throw and extra point and feel his love and support in all our daily activities.
We appreciate the generosity of this wonderful community for helping to make this fund possible.
Click here for SAF Scholarship
awarded for continuing education
for continuing education were awarded to three area women by the
Sandhills Area Foundation in 2005. The recipients expressed
their desire to continue their education to advance professional
skills and receive degrees in nursing. One of the goals of the
Sandhills Area Foundation is to award scholarships to graduating
seniors, college students and those perusing continuing
educations in the hope that they will remain or return to
Valentine to contribute to the area in their fields of endeavor.
2005 Extended Education recipients left to right: Kim Shaul,
Jocille Brinda and Jeanette Vickiner.
Click here for SAF Scholarship
details and Scholarship Winners.
Book of Memory now on display
Annual meeting to be held January 24, 2005
Area Foundation Book of Memory and podium will be on
display at area banks. It is currently on display at The
First National Bank. Donors
and Honorees are listed in the Book of Memory.
The Book of Memory was donated by board member Phyllis
Rothleutner in memory of her late husband, Wesley
Rothleutner. The podium was donated by Dave Sandoz, past
president of the Sandhills Area Foundation.
Shown to the top right: Book of Memory, donated by
Phyllis Rothleutner, in memory of her late husband,
Bottom right: The podium, donated by Dave Sandoz that
displays the Book of Memory in area banks.
The annual meeting of the Sandhills
Area Foundation will be held at the Peppermill Restaurant on
Monday, January 24, 2005.
The speaker will be John Hanson, District Director for
Congressman Tom Osborne.
The Social will begin at 6:30 p.m. CST and the Prime Rib or
Shrimp Dinner will be at 7:00 p.m. Tickets are $25 and can be
purchased at Young's Western Wear or First National Bank.
Tickets can also be purchased from any of the officers or
members of the Board of Directors.
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