Community Foundation Update (2/18/12)

Community Foundation Update (2/18/12)

Indiana

The Indianapolis-based Central Indiana Community Foundation has announced that farmers in the state can take advantage of high prices for commodities such as soy beans and corn by donating them to a charitable fund at the foundation. When a farmer transfers legal ownership of a commodity to CICF before it is sold, the farmer doesn't have taxable income from the sale and consequently minimizes his taxes. Depending on circumstances, farmers also may realize savings on federal and state income tax and self-employment tax and still deduct the costs of production. Farmers may state or designate that a portion, percentage, or dollar amount of the grain be contributed to a charitable fund, and deliver the donated commodity to a grain elevator at any time during the year.

Missouri

The Springfield-based Community Foundation of the Ozarks has awarded challenge grants totaling $125,000 to thirteen local nonprofits working in the areas of early childhood development, education, and housing, OzarksFirst.com reports. Recipients include the Child Advocacy Center, Community Partnership of the Ozarks, Harmony House, and the Victim Center.

New York

The Community Foundation for South Central New York in Johnson City has announced grants totaling $8,000 through its Women's Fund to four area nonprofits. The recipients are Family Enrichment Network of Johnson City, Planned Parenthood of South Central New York, the Richfield Springs Community Center, and WSKG Public Broadcasting.

Ohio

The Greater Cincinnati Foundation has announced that it is accepting applications for its Learning Links and Summertime Kids programs, which benefit thousands of children each year through awards of up to $1,000 to schools and nonprofit organizations for special projects. Part of the foundation's Grants for Kids program, the awards will enable educators and nonprofit organizations to provide creative learning experiences for children and support for schools with limited project budgets.

Washington

The Grays Harbor Community Foundation in Hoquiam has awarded four grants totaling more than $95,000, the Daily World reports. The recipients are Seattle Shakespeare, the Foundation for Private Enterprise Education, the Hoquiam School District, and the Mark Reed Hospital Foundation.

Wisconsin

The Oshkosh Area Community Foundation has announced grants to two programs focused on safety in the community. The Boys & Girls Club of Oshkosh received $1,050 for its Cops and Club Kids program, and Christine Ann Domestic Abuse Services received $700 for its safe locks program.

"Applications Being Accepted for Teacher and Summertime Program Grants." Greater Cincinnati Foundation Press Release 02/13/2012. "Community Foundation Awards More Than $95,000." Daily World 02/08/2012. "Farmers Support Central Indiana, Pay Less Taxes Via Gifts of Grain." Central Indiana Community Foundation Press Release 02/13/2012. "Local Nonprofits Awarded Crime Prevention Grants." Oshkosh Area Community Foundation Press Release 02/13/2012. "The Women's Fund of the Community Foundation for South Central New York Awards a Total of $8,000 to Four Area Nonprofits." Community Foundation for South Central New York Press Release 02/10/2012. "Community Foundation of the Ozarks Awards Challenge Grants to 13 Nonprofits." OzarksFirst.com 02/15/2012.