Gift Planning

Whether you are new to giving or are looking for a strategic partner, we are here for you. Contact us to talk to gift planning staff about your charitable goals. We will meet with you individually or provide resources to help you explore the most effective way to accomplish your goals. We can help you stay connected through a variety of avenues and help measure the impact your giving has on the community.

In addition to a variety of options and flexibility to adjust giving plans, Innovia Foundation is pleased to provide an estate planning toolkit and online tools for planned giving via the Stelter online platform.

Stelter Toolkit

Our Difference

Types of assets we accept

In addition to welcomed gifts of cash, which includes checks and online gifts using a credit or debit card, we encourage donors to consider making gifts of appreciated assets. This includes securities, such as stocks and bonds or mutual funds. We also accept gifts from retirement funds, including charitable rollover gifts to meet required minimum distributions. Remember, you can name Innovia as a beneficiary (or secondary beneficiary) of your retirement fund, your life insurance policy or your bank or brokerage account. Be sure to designate Innovia as the beneficiary or payee and note the desired fund name.

Some gifts will require review before we can accept them, including gifts of closely held stock, life insurance policies that are not fully paid policies and real property, which should have a minimum value of $100,000 after sale and reasonably be sold within six months. We will also consider gifts of charitable remainder trusts or charitable lead trusts, retained life tenancy in a residence, ranch, or farm or bargain sales. We do not accept gifts of timeshare units.


Different fund types

The community foundation offers a dozen types of funds to accomplish a variety of charitable goals. Anyone can contribute any size gift to an existing fund. A new named fund can be established with minimum gift amounts starting at $1,000 per year with a seed funding option for certain fund types. Most funds are endowed to take advantage of the Foundation’s large diversified pool and investment strategy. Here are our most popular fund types. 

 

Community Funds are discretionary endowed funds that meet critical emerging needs in our region. Distributions from these funds are pooled with the Foundation’s other discretionary grantmaking dollars to make grants through the Foundation’s Community Strategies Grant Program.  

Minimum contribution to establish a new named Community Fund = $5,000 

Endowed Funds can be started as Seed Funds with as little as $1,000 per year. Endowed Community Funds require a pledge of at least $5,000 over a five-year period. Once these funds reach the required minimum, grant distributions can be made.

Area of Interest Funds allow donors to direct their giving to meet critical needs within a specific interest area. Donors can promote natural conservation or foster economic development, or another area of interest of their choice, and be assured that the Foundation will carry out the donor’s wishes.  

Minimum contribution to establish a new named Area of Interest Fund = $10,000

Civic Leadership Funds are available for donors that wish to support the Foundation’s strategic grantmaking. This type of fund provides support for community initiatives, projects or programs that address critical complex challenges throughout the region. Projects may include funding research, strategic grantmaking and communications and public policy work. Funding may support convening major forums or forming task forces and coalitions in a community. Often multiple organizations are engaged with the goal to create permanent sustainable solutions. Projects are selected based on community input, data or other evidence of the issue.   

Minimum contribution to establish a new named Civic Leadership Fund = $25,000 

Donor-Advised Funds make distributions based on recommendations from the fund’s donor advisor/s. These funds can support 501(c)(3) nonprofit organizations, churches, schools, tribes or cities/towns for public charitable purposes. Donors may choose to appoint advisors in addition to themselves, such as children or grandchildren.  

Minimum contribution to establish a new named Donor-Advised Fund = $10,000

Endowed Funds can be started as Seed Funds with as little as $1,000 per year. Endowed Donor-Advised Funds require a pledge of $10,000 over a ten-year period. Once these funds reach the required minimum, grant distributions can be made.

Donors can provide ongoing permanent support to one or more of their favorite organizations by establishing a Designated Fund. With this type of fund, the organization(s) or charitable program(s) the donor selects will receive regular distributions in perpetuity. The fund is invested, and each year a portion of the fund becomes available to spend for grants recommended by the donor-advisor.   

Minimum contribution to establish a new named designated fund = $10,000

An Agency Fund is created by the nonprofit for its own benefit. More than 100 organizations throughout our region have established their endowments with the Foundation to free up their staff to focus on their mission. An Agency Fund makes charitable distributions to the organization to support its general charitable purposes or a specific purpose defined by its board of directors. These endowments can be set up to allow the agency to invade the fund principal for its own charitable purposes.  

Minimum contribution to establish a new named fund = $10,000  

Scholarship Funds are designed for donors who want to help students from the Inland Northwest attend colleges, universities or vocational schools in the Inland Northwest or, with certain scholarships, attend school outside of our region. Endowed funds can be established in the donors’ name or in any name the donor chooses.  

Minimum contribution to establish a new named scholarship fund = $25,000 

Charitable remainder trusts allow donors to receive personal income for the rest of their lives. This popular life income plan is carried out by transferring cash, appreciated stock, real estate or other assets into a trust and identifying a trustee who manages the assets and makes payments to the living beneficiary of the trust. The donor names the beneficiary and can define the terms for distributions to be made over a defined period of years or for a lifetime. After this term is complete, the remaining assets in the trust transfer to the Foundation to a fund that will benefit charity. That fund may be any one of the fund types described above.  

Minimum contribution to establish a new named charitable trust = $100,000 


How we can partner with you

Whether you already have a private foundation or are just beginning to think about establishing one, the Foundation has experience partnering with families before, during or after they have established private foundations. We will explore your options with you and your advisors, including: sweeping 5% of your foundation’s assets to one or more funds each year to meet your required minimum payout, assisting with grantmaking through a donor-advised fund, transferring assets for investment purposes or converting your private foundation to one or more permanent named funds, now or at the end of your life. 

We can help relieve any administrative burden, meet distribution requirements, research grantees, eliminate excise tax on earnings, file annual tax forms and reduce or eliminate accounting or legal expenses.

Frequently asked questions

Because we are a community foundation, we are a fully tax-exempt foundation, which means donors receive the highest possible tax deductions for their contributions to InnoviaYour invested charitable dollars are not subject to excise taxes and payout requirements that apply to private foundations. Grant distributions made from Innovia funds are not tax-deductiblebecause tax deductions are awarded when Innovia receives a gift into the fund.

Principal in pass-through funds can be distributed to charities at the timing you choose. With endowed funds, the principal is invested into our consolidated investment pool and remains in the account to generate earnings; each year a portion of the interest is then distributed to the available-to-spend balance of the fund and can be used for grant recommendations to nonprofit organizations of your choice. Endowed funds are intended to leave a permanent legacy.

There are never any set-up fees. Donor-Advised pass-through funds have no annual fees. All other pass-through funds have a 2% gift fee. Endowed funds are charged 1% – 2% depending on the type of fund. Fees vary depending on the type of fund. Please go to the fund administrative fee schedule for more information. 

Yes, you can get started with a seed fund. Endowed Community, Civic Leadership or donor-advised seed funds can be started with as little as $1,000 per year until the fund minimum is met. Endowed Community Funds require a pledge of at least $5,000 over a five-year period. Endowed Donor-Advised funds require a pledge of $10,000, which can be paid over a ten-year period. And Endowed Civic Leadership funds require a pledge of $25,000, which can be paid over a 25-year period. Grant distributions begin once these funds reach the required minimum gift amount. 

An investment committee composed of experienced professionals oversees the management of Innovia invested assets with input and advice from a consultant from FEG who helps with the selection and monitoring of investment managers who specialize in institutional endowments. FEG employs analysts that help ensure a well-balanced asset allocation. Please go to Financial Information.

An independent audit of our financial statements is performed annually by Schoedel & Schoedel CPAs, PLLC. Our financial information, investment earnings and charitable gift reporting is available to the public, although your personal financial information is kept confidential. 

Yes, your professional advisor can continue to manage your gifted assets through our Donor Designated Advisor program. A minimum gift of $500,000 in securities is required to recommend a Donor Designated Advisor.  

We are always happy to talk to you about your fund, but you can view all of your fund’s activity online through Donor Central. When you establish a fund, you are provided with a username and password to Donor Central. On Donor Central, you can view gifts, grants and print fund statements. We also recommend that advisors for donor-advised funds use Donor Central to make grant recommendations.