New for Centre Gives - Gifts of Stock! Making gifts go further and reducing taxes.It might not be as easy as pulling your credit card from your wallet, but here are three great reasons why you should consider a give a gift of stock for Centre Gives: 1.) Making a gift of stock is easier than you think. 2.) Giving appreciated stock reduces your capital gains tax burden.* 3.) Your tax savings translates into more impact for your favorite organization participating in Centre Gives ! We are excited to announce that this year, Centre Gives will allow gifts of $2,500 or more to be made through gifts of appreciated stock! Stock gifts for Centre Gives must be received between April 3 and April 21, 2017, and may be designated as a Centre Gives gift to any of the nearly 150 participating non-profit organizations. These organizations serve Centre County in the areas of arts, animals, education, environment, and health & human services – so you can make an impact in any area that you have a passion! Gifts of stock will help these organizations receive a larger portion of the $100,000 stretch pool of grant dollars that Centre Foundation provides each year during Centre Gives. However, gifts of stock will not qualify for prizes. After discussing your charitable wishes, your financial advisor may contact Centre Foundation’s office to request the information to make the stock transfer. Here is an example of how gifts of stock can cost less and go further: Eleanor wants to make a charitable gift of $10,000 and is debating whether to make her gift via cash or stock. Her marginal federal income tax rate is 28% and is not subject to state or local income taxes. The stock she is considering gifting is valued at $10,000, with a cost basis of $4,000.In this example, Eleanor saves an additional $900 by making her charitable gift with stock rather than writing a check. Eleanor’s results would further improve if she was in an even higher federal tax bracket and if there were any state or local income taxes to consider. Of course, Centre Foundation accepts gifts of stock year-round. If you or your financial advisor have any questions, please contact Centre Foundation’s office at 814-237-6229. * Gifts of long-term (held for greater than one year) appreciated stock may be donated during Centre Gives. The Fair Market Value of the stock (determined as the average of the high and low of the stock value at date of gift) may be taken as a tax deduction. Gifts of Long-Term Capital Gains appreciated property are limited to 30% of adjusted gross income. By donating appreciated long-term (held for greater than one year) capital stock, you will avoid paying capital gains tax on the appreciated value of the stock. Please note that gifts of Short-Term stock do not enjoy this same benefit, and are only deductible to the extent of cost basis.
There was a two-fold level of impact during the March meeting of Centre PACT - Philanthropic Actions Created by Students. These Centre County high school students took a break from their fundraising endeavors to do some hands-on community work. First, they collected items for the Home Nursing Agency's Nurse-Family Partnership program, which helps "first-time mothers learn that it does take a village to raise a child." This evidence-based program provides free home visits during pregnancy, infancy, and toddlerhood to low-income mothers. In Centre County, 60 families are enrolled in the program, which is run by three nurses. According to independent research, every public dollar invested in the program results in communities saving five dollars due to savings in social services, healthcare, and criminal justice costs.Then, the students were charged with a mission to discover their own views on various character traits, such as courage, respect, responsibility, integrity, etc. In small groups, the students discussed their own views, observations, and personal lessons learned.The second part of their mission was to create a motivational poster around a specific character trait. The students' motivational posters will be displayed at the Penns Valley Youth Center (PVYC), which serves students in 6th - 12th grade. Darren Narber, Executive Director at PVYC, noted that these posters will build "their self-esteem and motivations to live up to their individual potential." Finally, the meeting was topped off with some fun games, music, snacks, and socializing!---Click to see the impact that the students of Centre PACT 2015-2016 had in our community!
In need of a "stay-cation," scavenger hunt, or art-inspired activity to entertain guests? Check out the Book Benches of Centre County! This project was the inaugural recipient of Centre Foundation's collaborative grant process known as Centre Inspires. SPE Federal Credit Union and Child Development & Family Council of Centre County teamed up with Elody Gyekis and dozens of other local artists (and community volunteers) to create these interactive and artistic benches. The 25 benches are fully functional and located throughout Centre County. Each bench depicts a scene related to a special feature of Centre County. Enjoy!---Learn More:Book Benches of Centre County Unveiled at Arts Fest 2015Book Benches of Centre County Awarded $100,000 Centre Inspires Grant at 2014 Annual Dinner
The 2017 #CentreGives Success Series kicked-off on March 1st at Centre Foundation with a session on "21st Century Storytelling," featuring Brad Groznik of Groznik PR.In attendance were over 30 local staff members, board representatives, and/or volunteers from non-profit organizations across Centre County, Pennsylvania that serve missions of every ilk: arts, animals, education, environment, and health & human services.The two-hour session began by sharing some best practices for crafting an organization's message, discovering an organization's voice, and how to share that message with the modern-day media.Then, the participants broke into groups to put these ideas into practice. Their goal was to craft a short story that would inspire potential donors to visit CentreGives.org on May 9th and 10th to make a $25 donation to their organization.The template they used began, "This is a story about..." and ended with "and it's interesting because___." Later, the group shared some of the most interesting stories they heard other people share. Stories like:A dog who helps children learn to read.A state champion swimmer who couldn't afford private lessons.A student who was functionally illiterate in second grade but went on to become a National Merit Scholar.These are just a few of the things local non-profit organizations in Centre County are accomplishing! They are making our community a more vibrant place to live. Together, we can ensure that they are able to carry out their missions by visiting CentreGives.org on May 9th and 10th to make a donation, which will go further.Centre Foundation provides a $100,000 stretch pool and additional prizes during Centre Gives. Each donation made during Centre Gives goes further, by helping your favorite organizations receive a larger share of the stretch pool and compete for prizes!Visit CentreGives.org to learn more and keep up with the fun on social media using #CentreGives!---To learn more about the Centre Gives Success Series and view other seminar materials, please click here.
Centre Gives, a two-time “Best Fundraiser” award recipient, will debut a new look this May, thanks to West Arete, a local software development company that was hired by Centre Foundation to customize its giving day platform. “Centre Gives is all about local people supporting Centre County – loving where they live and giving where they live,” explained Molly Kunkel, Executive Director of Centre Foundation. “West Arete is a local company that not only understands this, but is committed to being a community partner through the projects it takes on and the way the company is run, being B Corp certified.” West Arete, located on South Allen Street, offers software that is rooted in robust technology architecture, which provides user confidence in the security and traffic that its platforms can handle. “Last year, the nationwide outage that affected many giving day events was something that galvanized our staff – who have been longtime supporters of Centre Gives and Centre Foundation,” noted Scott Woods, CEO of West Arete. “We were confident that we could build a strong product that would ensure giving days like Centre Gives would have the security donors deserve, the results the community depended on, and the gamification that makes these online events such a fun experience for all involved.” The $25,000 in prizes is an integral part of Centre Gives. Prizes create friendly competition that result in immediate gratification, which can sometimes even exceed the idea of competing for a larger share of the $100,000 stretch pool that Centre Foundation also provides. “We knew that prizes and tracking the results were something that people really enjoyed,” said Kunkel. “West Arete has done a great job in creating a spotlight for the prizes – the results are more visual, the prizes are front and center, and the power hours have unique pages that allow competing organizations to hone in on their goal.” The story of the total community impact is also more prominently featured, along with the results of each organization’s efforts. “Based on what we knew people were interested in watching, we’ve designed the organization pages with the user experience in mind,” explained Woods. “Users will now be able to simultaneously search and sort organizations – according to the interest area they want to support or according to the results they want to follow.” By partnering with West Arete, Centre Foundation was able to find a local vendor to build a secure, custom product that will benefit Centre County for years to come. “We’re not only supporting a local company and local jobs, but we’re also investing in technology that is strengthening our community,” Kunkel said. As Centre Gives launches on May 9, so does a new product. “West Arete is excited for the future of this giving day platform,” Woods said. “We know first-hand the power that giving days can have in a community and we know the importance of making sure a giving day platform is built strongly, securely, and with an eye towards what will engage and inspire people. As part of West Arete’s mission of designing custom software that can improve communities, we are happy to announce that this software will be available for other community foundations across the country to purchase as an investment in their own community’s future.” As soon as Centre Gives 2016 wrapped up, Centre Foundation’s staff began exploring new vendor options before ultimately selecting West Arete to build the new platform for the online giving event. “Centre Foundation’s board oversaw an exhaustive vetting of potential vendors and concluded that West Arete would be able to provide the product capacity, security, and usability that an event like Centre Gives must have to succeed,” noted Oscar “OJ” Johnston, Centre Foundation board member. “Centre Foundation’s staff worked side-by-side with West Arete to develop this customized product and our board oversaw the process. We are confident that this product investment will pay dividends across Centre County.” Since the Centre Gives launched in 2012, over $4,000,000 has been invested into Centre County’s local non-profit network. There have been over 23,500 gifts made, which have benefited over 130 local organizations. Centre Gives 2017 will have another record number of local organizations participating; nearly 150 organizations serving all types of interest areas including arts, animals, education, environment, and health & social services. Centre Foundation will host Success Series trainings through-out the month of March for these organizations in order to build communication and fundraising skills that will be helpful beyond this 36-hour online giving event. For information about attending a Success Series, sponsorships, and all other inquiries, please contact Centre Foundation’s office at 814-237-6229.