Giving Options

Thanks to You!

Great things have happened since the Heron Lake-Okabena Community Foundation (HLOCF) was organized in 2001.

Through fundraising events, memorials and other donations, we met our goal of raising $25,000 in 2004. Our partner, the Southwest Initiative Foundation matched these local gifts, increasing the size of our endowment fund to $50,000. We immediately started accepting grant applications from local organizations and reinvesting in our community.

 

DONATE NOW!

SUPPORTING LOCAL INITIATIVES HELPS OUR COMMUNITY TO THRIVE

The simplest method of giving is to write a personal check to the Heron Lake–Okabena Community Foundation, or visit www.swifoundation.org/donate to give to us online with your credit card. Gifts of all sizes are appreciated and help us to empower the people, businesses and organizations in and around the HL-O community.

The Heron Lake–Okabena Community Foundation is organized as an affiliate of the Southwest Initiative Foundation. As our partner, the Southwest Initiative Foundation provides administrative support through gift processing and receipting, grant processing, investment management, and the 501(c)(3) public charity infrastructure necessary for your gifts to receive the highest possible charitable tax deduction.

Southwest Initiative Foundation’s professional staff are also available to assist you and our board with understanding these giving options, and thinking about what’s best for your specific giving situation and goals.

 

Ways to Support the Heron Lake–Okabena Community Foundation:

Appreciated Securities

Giving appreciated securities has great tax advantages. You’ll receive an income tax deduction equal to the market value of the stock. And, you avoid capital gains tax.

Grain/Commodities

Commodities can also make a great gift. You deliver the commodities to a local elevator and gift them in Southwest Initiative Foundation’s name (the elevator should contact Southwest Initiative Foundation right away). Your specific tax benefits depend on whether you claim the commodities as part of your income before gifting them. 

Farmland

Farmland can be gifted to us, sold and converted to cash for an immediate charitable impact, or it can be retained in Southwest Initiative Foundation’s Keep It Growing℠ program. This unique program allows Southwest Initiative Foundation to maintain ownership of the land, with the annual rental income passing to the Heron Lake-Okabena Community Foundation to support our mission.

Bequests

A provision or bequest in your will allows you to make a substantial contribution without diminishing assets available to you during your lifetime. You simply name Southwest Initiative Foundation, for the benefit of Heron Lake-Okabena Community Foundation in your will.

Retirement Plans

Naming us as beneficiary of your retirement plan account(s) avoids income tax. IRA assets often make the best charitable gift because of the significant tax savings that can be accomplished. You simply name Southwest Initiative Foundation, for the benefit of Heron Lake-Okabena Community Foundation using your plan administrator’s beneficiary designation form.

Charitable Gift Annuity

In exchange for a gift of cash or securities, Southwest Initiative Foundation will pay you and/or a loved one a fixed amount annually for the rest of your life. A portion of this income is not taxed, and you also receive a tax deduction for part of your gift. This is a great strategy to save taxes, yet still receive a fixed payment for your lifetime.

 

Contact us for more details or to discuss your estate plan!