Ways to Give
There are multiple ways you can support the new Community Wellness Center & YMCA through the Elmwood Community Foundation. The Elmwood Community Foundation is a qualified 501(c)(3).
Thank you for your support!
Cash & Checks
Gifts of Appreciated Stock
Qualified Charitable Distribution (QCD) from IRA
For 2024, individuals can make a QCD beginning at age 70 ½ (up to $105,000 per year per person or $210,000 for married couples). Beginning at age 73, a QCD can also qualify as the Required Minimum Distribution (RMD) up to $105,000 per year). This limit applies to the sum of all QCD’s taken from all IRAs in a calendar year.
- Now that Congress has eliminated the Stretch IRA provision (inherited IRAs can no longer be paid out to heir over lifetime but must be fully disbursed within 10 years), more people are looking to their IRA to fulfill philanthropic goals and use other assets to pass to heirs with less tax burden.
Grain may be current crop or stored grain
- If possible, please notify EFC of your intended gift of grain by emailing us at info@elmwoodcf.org to ensure we have an account set up at the elevator of your choice.
- Deliver the grain to your elevator of choice and let them know to designate the amount of grain you wish to donate and area you wish to support. Example – ECF – Wellness Center, etc.
- EFC will make arrangements for the sale of the grain in ECF’s name. Local elevators have ECF’s information on file.
Wills, Trusts, Insurance policies, IRAs, etc. – Provide future support for ECF – greatest needs, or a specific area they support. Your estate receives a charitable deduction and you make a difference by sharing your legacy with future generations!
IMPORTANT INFORMATION ABOUT PLEDGES
The Elmwood Community Foundation is pleased to offer 1 to 5 year PLEDGES to those who wish to support the new Community Wellness Center & YMCA. Pledge payments may be deferred until construction begins.
Why Pledges Are Key
One requirement to qualify for the USDA grant of $3.75 million, is to have gifts and pledges totaling the $12.4 million construction cost documented prior to beginning construction. We are almost there!
Beginning construction in Spring 2025 is a priority to avoid additional inflation related construction costs.
We invite you to embrace the vision of the new Community Wellness Center & YMCA by joining us with your pledge of support!
Sample Pledge Schedule
| Pledge Amount | Annual Tax-Deductible Gift Over 5 Years |
|---|---|
| $1,000,000 | $200,000 |
| $500,000 | $100,000 |
| $250,000 | $50,000 |
| $100,000 | $20,000 |
| $50,000 | $10,000 |
| $25,000 | $5,000 |
| $10,000 | $2,000 |
| $5,000 | $1,000 |
| $1,000 | $200 |
Pledge Today
Once completed, please mail the form to:
Elmwood Community Foundation
PO Box 131
Elmwood, IL 61529
DON’T MISS THE MATCH!
DOUBLE AND EVEN TRIPLE THE IMPACT OF YOUR GIFT!
All dollars raised through philanthropic giving as of January 1, 2024 are eligible for the generous MATCH from The Doug and Diane Oberhelman Family Foundation, up to total match of $1,000,000
AND…The Gilmore Foundation has generously agreed to MATCH gifts from CATERPILLAR employees and retirees for gifts ranging from $1 – $10,000, up to a total match of $250,000!
AND…Corporate Matching Gifts could TRIPLE the impact of your gift!
Check to see if your organization matches financial gifts. Here is a list of local Corporate Matching Programs:
Corporate matching gifts to support the CWC-YMCA should be made payable to:
Elmwood Community Foundation
PO Box 131
Elmwood, IL 61529
FEIN#37-1381626
Thank you for your support!
Donation Mailing Address
Elmwood Community Foundation
PO Box 131
Elmwood, IL 61529
The Elmwood Community Foundation (FEIN#37-3181626) is a qualified 501(c)(3) nonprofit organization and per IRS regulations your donation is tax-deductible to the extent allowed by law. Please consult your tax professional concerning the deductibility of your charitable giving.