Hancock
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
Hancock County have a 4-H Endowment Fund?
Yes
Is
a gift to the Hancock 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 Hancock 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 is handled by a five member Hancock County endowment
board.
These individuals have a concern for the local 4-H program and
distribute
money through a formal process. A separate account is maintained for
this
purpose.
Is
my gift tax deductible?
Yes.
The Ohio 4-H Foundation
and Hancock 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 Hancock
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?
Contact:
Susan Russell at srussell@ag.osu.edu
Checks
can be made payable to:
The Hancock
County 4-H Endowment Board
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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