The Scioto Foundation is a collection of hundreds of endowment funds created by people, businesses, families, and nonprofit organizations in your community. These funds are linked together by our mission to improve the quality of life for the residents of the greater Scioto County area.
An endowment is a pool of money invested for long-term growth and income, with a portion of the value of the endowment used by the organization as the donor stipulated or for general operating purposes.
There are many advantages to establishing a fund with the Scioto Foundation. Including the following:
Permanence. The top goal of a community foundation is to establish permanent endowments for the betterment of the community. The fund that receives your contribution will continue to benefit the community now and in future years.
Accountability. Each year SF makes its annual report available. It includes a fiscal statement conducted by an independent auditor and public disclosure of all grant activities.
Tax Savings. As a 501 (c) (3) non-profit, all contributions to the Scioto Foundation qualify at the maximum deductibility for income, gift, and estate tax purposes.
Professional Management of Assets. The Foundation’s Governing Board assures sound administration which smaller individual trusts may not be able to offer. Because funds in a community foundation are pooled for investment purposes, donors have the advantage of a diverse investment mix.