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End of Year Donations can be made Dec. 3-31, 2024 online or by check or cash. In-person donations will be gratefully accepted at 975 Southeast 4th St., Hermiston.
The Raise Up campaign aims to raise at least $12 million by December 31, 2024, to be placed into community endowment funds to help people and places in Umatilla County in perpetuity. If you choose to donate, please select the “Greater Hermiston Forever Fund” so your donation goes directly to our communities.
These funds will exist forever to make grants to help our communities as our needs change over time.
Gifts to the Greater Hermiston Community Foundation can be in the form of cash, securities, real estate, or other assets. Your gifts always qualify for the maximum tax benefit under state and federal law, including (in the case of assets with appreciated value) the advantages associated with donating potential capital gains. You can choose to make your gift from the following methods:
We understand the importance of ensuring that your charitable gifts go to the areas you are most passionate about, and that your gifts are used as you intend. To meet your needs and maximize the impact of your charitable giving, we provide a wide array of services:
If you have any questions, contact greaterhermiston@gmail.com
“Endowment” refers to a designated pool of assets that are invested by Greater Hermiston Community Foundation and tracked separately such that a modest portion (usually based on a percentage) of the assets are distributed each year to support our organization’s mission, and the rest of the assets remain invested to grow in perpetuity.
The assets set aside in our endowment fund produce an income stream that helps support our mission now and in the decades ahead, allowing us to deliver on our mission consistently over time, especially as needs shift and the fundraising environment ebbs and flows. Plus, the growth of the endowment itself can provide increasing levels of support each year.
Our team is happy to keep donors informed about the positive change in the community that is occurring thanks to distributions from the endowment fund. We’re happy to continue to keep a donor’s children and grandchildren informed, too, beyond a donor’s lifetime. In this way, a donor’s legacy continues through the generations.
Our organization’s board of directors reviews endowment income each year as part of a careful budget process. It’s very clear that certain dollars are flowing into the budget from endowment income. Our independent board of directors develops and oversees each grant cycle to meet our organization’s mission for the coming year.
A donor certainly may transfer cash to the endowment fund. Even better for tax purposes, a donor can transfer appreciated stock or real estate. A donor can also work with estate planning and financial advisors to structure a bequest to the endowment fund. Our team helps each donor design a gift to achieve both the donor’s tax goals and charitable giving goals. For instance, many advisors highly recommend a bequest through an IRA beneficiary designation because of the multiple tax benefits. Related, if a donor is over 70 ½, making a “Qualified Charitable Distribution” from an IRA directly to our organization’s endowment fund is a very effective charitable planning tool to reduce income tax and, if applicable, also satisfy Required Minimum Distributions.
975 Southeast 4th Street, Hermiston, Oregon 97838, United States
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