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* * 2010 SCHOLARSHIP INFO *
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The Bedford Community Foundation
intends to award at least five and perhaps as many as 10 scholarships
in the amount between $500 and $1000 to worthy members of the senior
class of Bedford Public Schools, Ida Public Schools, and/or State
Line Christian Schools for use in higher education or technical
education programs. Additionally, graduates of either of these
schools or graduates of local high schools already in higher education
or technical education programs whose parents live in Bedford Township
shall also be eligible to apply for scholarships. Please advise
members of the senior class and graduates of the opportunity to
be awarded these scholarships.
The awards will be presented at
the annual awards ceremony held at the Bedford Public Schools High
School and/or at an appropriate ceremony at State Line Christian
Schools; therefore, the Foundation would appreciate return of completed
Applications with letters of recommendation and transcripts of
grades before April 5, 2010 at the address of the Foundation.
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RELEASE * * * * * * * *
YOU MAKE IT POSSIBLE
published in Bedford Now March
issue
The Bedford Community Foundation
is a private charitable organization created by donors of our community
to enrich the quality of life
for individuals, families and organizations in our community.
Every year, the Bedford Community Foundation benefits from the generosity
of people in the community. Their reasons for giving vary as widely
as their interests and financial circumstances. What they all have
in common is the desire to help make Bedford Community Foundation
even greater, to enable to better serve the Bedford Community.
Remember that a donation to the community foundation, no matter
large or small, goes a long way because of the many funds and organizations
that depend upon us and work with us. If you have ideas for helping
with a gift, or a donation of property or an existing life insurance
policy, or perhaps a gift by will or trust, we are eager to meet
on a confidential basis.
Since 2005 the Bedford Community Foundation has risen to the challenge.
The BCF has raised over $380,000 in contributions for the past five
years. A portion of this money was used for Scholarships, Medical,
Community Organizations and Youth Leadership Development.
Grants from foundations are important. But it is individuals like
you who make all the difference in helping our community. You are
the face of philanthropy in Bedford Township.
To discuss how you can help, please call the Bedford Community Foundation
office at 734-854-1722.
YOU CAN
MAKE TAX FREE GIFTS FROM YOUR IRA
TO THE BEDFORD COMMINITY DEVELOPMENT FUND
Federal tax legislation enacted on October 3, 2008 allows individuals
70 1/2 and over to make a direct gift from your IRA to the Bedford
Community Foundation or other qualified charities. This gift counts
toward fulfilling your required minimum distribution.
For each of the years 2008 and 2009 you
can exclude up to $100,000 from your gross income for distributions
made directly from your
traditional IRA to a qualified charity. Checks issued from the IRA
must be made payable to the charity. Take advantage of this favorable
tax treatment by using your IRA to make a gift to Bedford Community
Foundation and advance the causes of your community and to help make “Bedford
Better.” Gifts must be received by December 31 in order to
qualify as a charitable gift in the current year.
Make a gift to the BCF directly from your IRA in 2008 and 2009.
Your donation will not be taxed as an IRA withdrawal. Your contribution
will count towards your mandatory IRA withdrawal.
You are urged to contact your IRA custodian
or representative before making a gift to arrange for the proper
transfer of funds from your IRA.
While this topic is fresh on your mind, ask your attorney and financial
advisor how to make the BCF a beneficiary of your will or trust or
IRA
For more information about how you and the Bedford Community Foundation
can benefit from an IRA charitable gift please contact our office
at 734-854-1722.
You may have your check sent directly to the: Bedford Community
Foundation
These helpful tips are only for your information on this change
in the IRA law and are not to be considered as legal, tax or financial
advice. You should consult with your legal, tax and financial advisors
to implement the benefits of this new law and related matters.
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