Champaign
County 4-H Endowment
"A
sound investment in today's youth and tomorrow's leaders"
What
is a County 4-H Endowment?
County 4-H endowments are
permanent funds made possible through individual donations, business and
corporate contributions, and fund raising events.
Principal is invested permanently
though the Ohio 4-H Foundation to generate the maximum interest possible.
The interest income returns to the county to fund local 4-H youth development
education programs, and adds value to the county endowment to keep pace
with inflation.
Does
Champaign County have a 4-H Endowment Fund?
No, not at this time.
If there were enough monetary donations, the county would start an endowment
fund. A specific amount of contributions are required to start a
county endowment fund. Although there is not presently an edowment
fund, there are several projects underway in which 4-H is a financial participant.
Is
a gift to the Champaign County Endowment fund recognized as a gift to The
Ohio State University?
Yes. Contributions are sent
to the State 4-H office earmarked for the Champaign County 4-H Endowment
Fund and deposited with the Ohio 4-H Foundation which is a part of the
university's development fund.
Why
is it Necessary to have a County 4-H Endowment?
County, state and federal
budgets are very restricted, and usually cannot be stretched to provide
more than the basic necessities. Interest income from county endowments
can supplement these budgets in addition to annual contributions to help
assist with:
-
awards for youth and adult volunteers
-
providing added incentives
-
development of new programs
-
youth and volunteer education
-
scholarships
-
purchasing of program
materials
Who
manages the interest earned at the county level?
Monies generated through
earned interest would be handled by a five member Champaign County endowment
board. These individuals will have a concern for the local 4-H program
and distribute money through a formal process. A separate account will
be maintained for this purpose.
Is
my gift tax deductible?
Yes. The Ohio 4-H Foundation
and Champaign County Endowment is a 501 (c)(3) charitable foundation. Consult
your accountant or tax attorney for specific guidance on your gift.
You
Can Help!
Contributions to The Champaign
County 4-H Endowment Fund may be made in several ways:
-
Current Gifts
-
Planned Gifts
-
Cash
-
Life Insurance
-
Property
-
Bequests
-
Gifts-in-kind
-
Charitable trusts
-
Securities
-
Memorials
-
Corporate matching gifts
Who
should I contact if I have further questions?
Champaign County Extension
1512 South US Highway 68
Suite B100
Urbana, OH 43078
937-484-1526
Checks
can be made payable to:
The Champaign County 4-H
Endowment Fund
The
4-H Pledge
I
pledge
My
head to clearer thinking,
My
heart to greater loyalty,
My hands to larger service and
My health to better living, for
My
Club, My Community, My Country and My World.
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