Tag Archives: Giving

Charitable Gift Annuities – Plan Today for a Future You Can Count On

You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life.

Benefits of a charitable gift annuity

  • Receive fixed payments to you or another annuitant you designate for life
  • Receive a charitable income tax deduction for the charitable gift portion of the annuity
  • Benefit from payments that may be partially tax-free
  • Further the charitable work of Amarillo Area Foundation with your gift

How a charitable gift annuity works

A charitable gift annuity is a way to make a gift to support Amarillo Area Foundation.

  1. You transfer cash or property to Amarillo Area Foundation.
  2. In exchange, we promise to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
  3. You will receive a charitable income tax deduction for the gift portion of the annuity.
  4. You also receive satisfaction, knowing that you will be helping further our mission.

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity. To calculate what your benefits might be, please visit our website.

Contact us

If you have any questions about charitable gift annuities, please contact Trent at trent@aaf-hf.org or call 242-031. Or, contact Amy at amy@aaf-hf.org or 242-0305. We would be happy to assist you and answer your questions.

 

The Panhandle Gives 2018 Registration is NOW OPEN!

It’s TIME!  Time for what you ask?  It’s time to register your organization for the 2018 Panhandle Gives campaign!  You can help spread the word by making sure your favorite nonprofit is participating.

Exciting News

Two years ago, the Amarillo Area Foundation started a giving day that coincided with #GivingTuesday, an international day of philanthropy on the Tuesday after Thanksgiving. This year we’re going bigger.  We are excited to announce that the Amarillo Area Foundation has contributed $100,000 to enhance your organization’s fundraising efforts during this campaign. This means your favorite organization could qualify for a portion of this contribution by participating in The Panhandle Gives 2018.

What You Can Do

Encourage your favorite nonprofit to register to learn how their organization can benefit from the $100,000 contribution from the Amarillo Area Foundation.

Here’s where to register: bit.ly/panhandlegives. Complete the online registration and return the agreement via email: thepanhandlegives@aaf-hf.org or mail to Amarillo Area Foundation, 801 S. Fillmore, STE 700, Amarillo, TX 79101 by 3/30/18.  The $75 registration fee is due by 4-25-18

Send this information to your favorite organizations and make sure they don’t miss out on the fun and funds!

Got questions? Click HERE for FAQ’s.

New Blog Series Announced!

We will be starting a new blog series beginning next week.  One of the programs of the Amarillo Area Foundation is No Limits No Excuses.  This initiative is made up of over 25 partners who are working to create pathways for post-secondary success.

We think you’ll find this blog series extremely interesting as you see the complete picture of why NLNE is so impactful.  You will also learn how the partnership is shaped and how it’s working to create a community with increased education across all socioeconomic levels.

We begin the series with a look at Workforce Solutions.  We will share these posts across our social media platform, but you can always subscribe to get our blog updates in your inbox, browser, or wherever you choose. Here the link to subscribe: http://bit.ly/aaf_RSS

 

Foundations Invest Over $8.7 Million in the Health of Panhandle Communities

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Honoring its mission to improve quality of life for Texas Panhandle residents, the Amarillo Area Foundation announces annual distributions totaling $8.7 million for 2016. With more than 450 grants, the Foundation is helping to continue the important work of nonprofit organizations in the 26 counties of the Texas Panhandle. The Harrington Regional Medical Campus had its first-ever grant cycle after joining the Amarillo Area Foundation in 2015.  Because of the collaborative and meaningful work of various community stakeholders, the Foundation and its public supporting organization – the Don and Sybil Harrington Foundation – will invest:

$4.6 million into area communities through community fund, agency fund, and donor advised distributions;

$2 million in discretionary grants;

$1.2 million in scholarship distributions from the ACE and General Scholarship programs;

$676,000 in competitive grant programs including, CNS Pantex, Pattern Panhandle Wind, the Women’s Philanthropy Fund, the AAF Catalyst grant program, and the Kathy Ryan Memorial Fund;

$83,000 in grants from the Harrington Regional Medical Campus.

“The Amarillo Area Foundation and its supporting organizations are proud of what was accomplished by our staff and partners in 2016,” Clay Stribling, AAF CEO said. “We look forward to building on these accomplishments moving forward.”

In 2017, the Amarillo Area Foundation begins its 60th year and will continue supporting efforts that improve quality of life for Texas Panhandle residents. The strength and health of area communities continues to be the benchmark of success, and together with community support, this mission will be realized annually.

The New Face of ACE

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ACE students have completed more than 1,374 certificates and degrees and are a projected to return $2.6 billion in lifetime earnings to Amarillo’s economy.

One of the most powerful features of the ACE Scholarship Program is its ability to leverage outside sources of financial aid.  Since ACE assists students in obtaining federal, state, and local grants and scholarships, we are able to send students to college for an average cost of $1,200 per year. The ability to leverage outside aid makes ACE an excellent educational investment in Amarillo students.

As we look forward to another 20 years of assisting ACE scholars, we are asking for your help in supporting the educational aspirations of our students.  Your $100 a month actually sends a child to college through the ACE program. Will you be a face of ACE?

Meet our current ACE supporters.

Meet Christopher, an ACE student.

Visit https://www.amarilloareafoundation.org/face-of-ace to become a face of ACE today.

 

Bryan Clontz on Creative Charitable Planning

2016_newsletter_q3_creativeImagine being able to increase the size of the gifts from your donors each year. Yet, the net cost of their donations were 40-60% less than what they were giving to you. Essentially, your programs and operations are secure from increased donations and your donors keep more money in their pockets. Sound too good to be true?

It’s actually not, and surprisingly the ability to maximize charitable gifts in such a monumental way is a tactic of the past. Non-cash assets have been incentivized by the government since 1969 but very few people understand what they are or how they work.

To better explain the concept for the benefit of Amarillo Area nonprofits and all the constituents they organizations serve, the Amarillo Area Foundation and the Amarillo Area Estate Planning Council teamed up to bring in charitable expert Bryan Clontz to help decode this mystery.

Clontz, President of Charitable Solutions, LLC spent the morning with nonprofit professionals. He taught them what non-cash assets were and how to ask for and incorporate non-cash assets (ideally appreciated stock) into their planned giving models. Clontz then opened the afternoon with a session for financial planners, CPAs, and attorneys. By informing the people who advise large donors in our area, we are increasing awareness related to the benefits associated with giving non-cash assets which maximize contributions to our area and the impact those contributions have.

Clontz closed the day with a special presentation to the AAF Board of Directors teaching members their role as key stakeholders and empowering them to act as extensions of the Foundation when asking for non-cash assets and even consider giving non-cash assets of their own.

Thanks to Clontz we all have plenty of information to take back to our organizations and communities. Now working together more informed and smarter, empowered to even further improve quality for Texas Panhandle residents.

Bryan Clontz speaking to nonprofit professionals on October 6, 2016.

Bryan Clontz speaking to nonprofit professionals at the Foundation on October 6, 2016.

If you missed the event and are interested in learning more about what Bryan had to say, check out this brief video posted by our friends at the Gulf Coast Community Foundation:

To further your knowledge on the realm of non-cash donations you can also check out Bryan’s website: http://charitablesolutionsllc.com/

In honor of Charlotte’s Retirement

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Charlotte Rhodes, ACFRE

With much regret but the warmest of wishes we announced Charlotte’s decision to retire a few weeks ago. Given the breadth of the work Charlotte has done for the Foundation and the enormous void that will be present in her absence, we would like to take this time to highlight Charlotte’s greatest accomplishments as Vice President of Resource Development and Sustainability.

In her 11-year tenure at the Foundation, Charlotte cultivated an annual average of $10 million per year, and over $100 million total. She established countless programs and committees, the most notable of which being the Foundation’s External Relations Committee which focuses on the engagement of the Foundation with local and area leaders; the Women’s Philanthropy Program, a donor driven fund designed to meet the needs of children and women in the Texas Panhandle; a Professional Advisor Council, a group of lawyers, accountants and other professionals who provide recommendations and review the Foundation’s fundraising and legal strategies; and the Texas Convening Conferences for Postsecondary Education which gather key educators and legislators from across the state to discuss issues faced by high school and collegiate students across the state.

Charlotte has also lead or donated her expertise to make many programs and initiatives successful. Most notably she led the $5 million ACE Scholarship Expansion Campaign and oversaw the development of a $3.5 million grant from the Belinda and Melinda Gates Foundation to begin the No Limits No Excuses program. She also expanded the Nonprofit Service Center’s consulting program and fundraising classes and facilitated the development of the Citadelle Art Foundation and its conversion as a supporting organization of the Amarillo Area Foundation.

In addition to raising over $100 million for the Foundation, Charlotte has raised over $1 billion in her 40-year career as a fundraiser. An assortment of her most notable campaigns being the Don and Sybil Harrington Cancer Center Capital Campaign, Baylor College of Medicine $500 million Capital Campaign, National Susan G. Komen Race for the Cure, Amarillo Globe News Center for the Performing Arts, Oklahoma City Symphony Orchestra, Charles Goodnight Historical Home, Hereford Sports Plex, and most recently the Texas Panhandle War Memorial Education Center.

Charlotte is truly a big city fundraiser with West Texas roots. In 1999, Big Spring Texas High School awarded her with the Outstanding Alumni Award. She received the Outstanding Fundraising Executive Award for Houston, Texas in 2002 before she even received the Outstanding Fundraising Executive Award for Amarillo, Texas in 2005 and Amarillo Junior League Outstanding Sustaining Member. Charlotte was honored by the Amarillo Soroptimists as a “Woman Making and Difference” and by the Business and Professional Women as “Texas Women to Watch.” She currently serves as the Committee Chairman for the Texas Education Grantmakers Advocacy Coalition and was co-chairman for the 2016 Texas Women for the Arts State Meeting.

In addition to her impressive contributions to healthcare, the arts, education and public affairs Charlotte is a published writer and has served as a regional and national consultant for over 50 institutions, organizations, and corporations. We adore Charlotte and know she is equally adored by our community. Please help us in the coming months by celebrating her and thanking her for her service to our community.

We will miss you Charlotte!

The Amarillo Area Foundation Kicks Off the Second Half of 2016 by Awarding an Additional $900,000 to Area Nonprofits

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Tuesday, September 12, 2016

AMARILLO – The Board of Directors of the Amarillo Area Foundation, and its supporting organization The Don and Sybil Harrington Foundation, have awarded $906,836 in grants with their general grantmaking funds.

Ten Amarillo area nonprofit organizations were approved for funding with discretionary grantmaking dollars. Over half of the projects supported in this discretionary grant cycle were health focused. The largest award was a $373,000 grant contributing to the construction of a residential alcohol and drug recovery center in Amarillo.

President and CEO, Clay Stribling said, “We are very pleased with the response to our grants programs for 2016. The quality of applications, particularly for healthcare projects, was extremely high.”

Amarillo Area Foundation’s newest grant making program, The Catalyst Grant program, awarded small grants between $5,000-$14,000 to five nonprofit organizations with projects focusing on education, health, and human services.

“The Catalyst Grant program provides an easier application process for smaller grant amounts while engaging young community members across the Panhandle through the review process. Receiving 18 applications during the first grant cycle indicates we are on the right track for enhancing our grant offerings,” said Katharyn Wiegand, Vice President of Community Engagement.

The final Amarillo Area Foundation and The Don and Sybil Harrington Foundation discretionary grant cycle for 2016 is now open. Nonprofits with moderate grant requests (not to exceed $50,000) are encouraged to apply.  Due to the shortened grant cycle, please contact Kathie Grant, Grants Administrator (376.4521 or kathie@aaf-hf.org) if your organization plans to apply.

In addition, the newly formed Catalyst Grant program, which provides grant awards from $2,500 to $20,000 for programs and projects that fall within the Foundation focus areas, is also accepting applications. There is a special focus in the Catalyst Grant program on capacity building and general operating requests. Please visit our blog to view the full RFP. You can do so here: http://blog.amarilloareafoundation.org/2016/09/07/aafhf-request-for-proposals/

About the Amarillo Area Foundation

The Amarillo Area Foundation is a community foundation that serves the northernmost 26 counties of the Texas Panhandle.  The mission of the Foundation is to improve the quality of life in the Texas Panhandle.  Since its inception in 1957, the Foundation has provided grants and a variety of other services to strengthen nonprofit organizations and the services they deliver.

The full list of recipients is available here.

HRMC Grant Cycle Now Open

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Request for Proposals

The AAF Community Health Foundation, otherwise known as the Harrington Regional Medical Campus (HRMC), is proud to announce new grant programs.

The intent of the Harrington Regional Medical Campus (HRMC) Resident Grant Program and the Harrington Regional Medical Campus (HRMC) Community Health Grant Program is to improve the quality and accessibility of healthcare ultimately leading to an improved quality of life for residents of the top 26 counties of the Texas Panhandle.

Both grant programs are competitive and proposals for healthcare related projects will be accepted from organizations that hold a current tax-exempt status under Section 501(c)(3) of the Internal Revenue Code; a recognized government entity: state, county, or city agency, including law enforcement or fire departments, that are requesting funds exclusively for public purposes; a K-12 public school, community/junior college, state college or university; or a church or other faith-based organization with a proposed project that benefits the community at large.

HRMC Resident Grant Program: The HRMC Board will accept grant applications from Medical Campus resident nonprofit institutions and other eligible organizations located in the Medical Campus for projects and capital improvements.  Preference will be given to Ronald McDonald House, Turn Center, Amarillo Botanical Gardens, Don Harrington Discovery Center, and Coffee Memorial Blood Center.   $21,000 is available and proposals for up to $20,000 will be accepted. High priority will be given to specific project-related proposals.  Operational support is a low priority.

HRMC Community Health Grant Program: The HRMC Board will accept grant proposals from eligible organizations located throughout the 26 county region.  $42,000 is available and proposals for up to $20,000 will be accepted.  High priority will be for specific project-related proposals as well as challenge and/or matching grants.  Proposals will be accepted for capital projects, capacity building, innovative projects, and research projects.  Operational support is a low priority.

Organizations may only submit one grant application per twelve month period; however, Medical Campus Residents may submit a grant application to both the HRMC Resident Grant Program and the HRMC Community Health Grant Program in the same year

The Amarillo Area Foundation will accept applications for both the HRMC Resident Grant program and the HRMC Community Health Grant Program until noon on Thursday, September 15, 2016.  Applications for both grant programs must be submitted through the Foundation’s online portal which can be accessed on the Internet at aaf.spectrumportal.net. Applications or parts of applications submitted in any other manner (paper, e-mail, etc.) will not be accepted.  For more information regarding the online application please see www.amarilloareafoundation.org/application-2016.

Selection Process Both grant programs are competitive. Applications will be reviewed by AAF staff for eligibility and completeness. The HRMC Board of Directors will review the applications and make funding decisions.

For information on how to apply go here: http://www.amarilloareafoundation.org/hrmc-grant-programs

Contact information Contact grants@aaf-hf.org or call 806.376.4521 with any questions.

The Amarillo Area Foundation Awards over $1 Million to Area Nonprofits

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Wednesday, May 25, 2016

AMARILLO – The Board of Directors of the Amarillo Area Foundation, and its supporting organization The Don and Sybil Harrington Foundation, have awarded $1,025,144 in grants with their general grantmaking funds.

The Amarillo Area Foundation has also awarded an additional $325, 446 this year through funds established by local industry employers such as CNS Pantex, and Pattern Panhandle Wind Energy. The Kathy Ryan family also awarded $30,000 to local firefighters to honor the anniversary of their mother’s passing.

Fourteen Amarillo area nonprofit organizations were approved for funding with discretionary grantmaking dollars. 57% of the projects supported in this grant cycle were capital projects. Among the capital projects supported is a $500,000 grant to Heal the City for renovations at the former Midtown Branch YMCA to create a usable room for wellness activities. The other 43% of projects supported were program based.

President and CEO, Clay Stribling said, “Our first discretionary grant cycle really emphasizes our commitment to various aspects of community health. Not only do we want to improve the physical health for our constituents, we also want to support healthy communities with healthy economies and nonprofit organizations.”

“Applications were accepted from nonprofit organizations from across the Panhandle. Proposals were then reviewed by Area Foundation staff and presented to the board for consideration,” said Katharyn Wiegand, Vice President of Community Engagement.

Visit amarilloareafoundation.org/grants for more information on upcoming grant cycles. For questions about eligibility or the grant process contact Kathie Grant, Grants Administrator at kathie@aaf-hf.org. For questions regarding Foundation priorities and focus areas, contact Jessica Tudyk, Grants Manager at jessica@aaf-hf.org . Both can also be reached at 806-376-4521.

The full list of recipients is available here.

 

About the Amarillo Area Foundation

The Amarillo Area Foundation is a community foundation that serves the northernmost 26 counties of the Texas Panhandle. The mission of the Foundation is to improve the quality of life in the Texas Panhandle. Since its inception in 1957, the Foundation has provided grants and a variety of other services to strengthen nonprofit organizations and the services they deliver.