Planned Giving
In 1989 the economy was booming, money from governmental programs was plentiful
and few, if any, human service organizations were saving for their future.
Challenge, however, was fortunate to have a group of forward-thinking
individuals create an endowment fund to ensure the long-term fiscal stability of
the organization. To appreciate what a maverick idea this was, consider that few
organizations even had an annual fund, let alone an endowment!
With the goal of $1,000,000, the Founders Association was formed and has worked
tirelessly over the years to add to the endowment. To date the fund stands in
excess of $700,000 and continues to grow each year. Critical to the success of
the fund is Challenge's Planned Giving Program.
A planned gift is a way to give, and receive, by supporting the good work of
qualified charitable organizations like Challenge Industries. Planned giving can
be part of a total financial plan for you, while providing a vital source of
funding for Challenge. By including Challenge in your estate plan, you can
significantly support an organization that is important to you while retaining
benefits for yourself.
Planned giving is the best way to maximize your tax benefit through charitable
donations such as cash, securities, bonds, closely held stocks a and certain
types of property. By incorporating a charitable bequest, trust, annuity or
insurance policy into your financial and estate planning you can help others
while reducing your taxes. Please consult your tax advisor.
If you would like more information on Planned Giving, contact
Emily Parker ~
Community Relations and Development
at 607.272.8990
or email
Emily