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Letters to the Editor - Dec. 23

December 23, 2012

Consider a donor-advised fund for your giving

To the editor:

To quote the Wall Street Journal: “Tax uncertainty in Washington is prompting donors, especially wealthy ones, to pour money into charitable-gift funds this year. The reason?  Taxpayers fear Congress will cut or cap deductions for charitable contributions for 2013, so they are rushing to take advantage of current law.”

The solution they suggest is a donor-advised fund (DAF), which is one of the many types of charitable funds offered by the Community Foundation of Washington County. We think it is an excellent suggestion; however, it is also attractive to the not-so-wealthy.

Here’s how a donor-advised fund works:

  1. You make a gift to the Community Foundation. You can give cash, appreciated stocks, real estate or other assets. The minimum amount needed to create a DAF is $10,000.
  2. The foundation sets up a special fund in your name, in the name of your family or business, or in honor of any person you choose.
  3. You receive tax benefits the year your gift is made. If it is an appreciated asset, you can receive a double tax benefit (income tax deduction and capital gains savings).
  4. You recommend uses for the fund you establish, working with our professional grant-making staff to support the agencies and programs you care about.
  5. The foundation handles all of the administrative details and issues grant awards to charities in the name of the fund you establish. If you prefer, your awards can be made anonymously.
  6. If you wish, your gift can be placed in an endowed fund that is carefully invested and can grow over time.
  7. A portion of the fund you establish is then used to address community needs every year.
  8. Certain restrictions do apply (e.g. you can’t make grants to individuals; grants can only be made to 501c3 nonprofits; you can’t pay dues or commit your DAF to pay pledges, etc.).

So, why create a donor-advised fund?

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Donor-advised funds provide a convenient and flexible tool for individuals, families, businesses or groups who want to be personally involved in suggesting grant awards made possible by their fund. People with a range of community interests find that it’s an ideal vehicle for fulfilling their charitable wishes.

The Community Foundation of Washington County MD is ready to assist you in the creation of a donor-advised fund or any of the other charitable funds available: scholarship funds, designated funds, field of interest funds or community funds. To take advantage of the current tax laws, you must make your contribution by Dec. 28.  For further information, you can call me at 301-745-5210.

Thank you and have a great holiday season.

Brad Sell, executive director
Community Foundation of Washington County MD Inc.


Thanks to all who supported Auxiliary event

To the editor:

We wish to thank the community for supporting the 2012 Waynesboro Hospital Auxiliary holiday greens and bake sale. So many businesses and individuals donated time, services and goods to make the sale a success.  Special thanks to the volunteers who transported greens, made the wreaths and arrangements, supplied baked goods, set up and cleaned up, took photographs and helped in countless ways. Again this year, we created items at the Rouzerville Ruritan and sold those items at the Waynesboro Church of the Apostles. We appreciate the generosity of these organizations for the use of their facilities.

Special thanks to Mr. and Mrs. Louis Barlup; Mr. and Mrs. Dick Boyer; B&D Lawn & Landscape; Cool Old Stuff; Cumberland Valley Tree Service; Nancy and Beth Dinterman; Food Lion; Ken and Sandy Graber; Glenwood Foods; Kauffman Tree Farm; Mr. and Mrs. John Keller; Lowe’s; Martin’s grocery store; Mountain Gate Restaurant; PenMar Development Corporation at Fort Ritchie; Penn National Golf; Allen and Julie Perkins; Mr. Bob Small; South Mountain Golf Club and Dottie Stottlemyer.

We look forward to next year’s holiday greens and bake sale.
 
Rhonda McFarland and Virginia Stayman
2012 Waynesboro Hospital Auxiliary Greens co-chairs


Commissioner responds to Herald-Mail editorial

To the editor:

This letter is in response to the Wednesday, Dec. 12, editorial, “Senior center as envisioned should not have failed.” The editorial addressed the senior center and other property the county has involvement with in recent years to include buildings purchases.

Although I understand the purpose of the editorial, I have a few points to make:

Nothing “went wrong” with the HCC Senior Center project other than funding delays that fostered price creep given the markets. State funding approval is needed before the project started and the political process stretched this much further than desired. Focusing on one project and making blanket statements doesn’t properly represent the work that is done. It must be tempered with a tremendous amount of project specific information that drives cost factors.

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