2015 AACF Annual Report

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students through the United Negro College
Fund, the Gem City Medical Association and the
Tabernacle Missionary Baptist Church.
Henry and Hazel Wilson Endowment
Fund in Memory of Booker T. Webster
and Bernice W. Wilson
2014 – designated
Honors the memories of
Central State University
(CSU) alumni Bernice W.
Wilson (Class of 1949),
the late wife of Henry
Wilson, and Booker T.
Webster (Class of 1953), the late husband of
Hazel Wilson, by providing annual income to the
university. Grants will be awarded to support the
College of Education and the College of Science
and Engineering at CSU.
Alphonso Wofford Endowment Fund
2014 – donor advised
Furthers the donor’s charitable
interests, such as supporting
institutions that focus on
African-Americans pursuing
entrepreneurial education
and development or STEM
education. Al Wofford is a community leader and
founder of two successful technology solutions
companies.
Madden Women’s Association Fund
2013 - designated
Provides annual income for this nonprofit
organization to support the Greater Dayton
Youth Golf Academy and continuing education
for African-American female students. Madden
Women’s Association was founded in 1983 by
women who love to play golf.
Dayton YWCA Endowment Fund
2013 - designated
Provides support for the organization’s
continuing needs and helps sustain its financial
health in order to carry out its mission of
eliminating racism and empowering women.
Stratos Wealth Partners Fund
2013 – designated
Provides unrestricted operating
support to the American Cancer
Society. The fund was created
by Eugene D. Heflin, a wealth
advisor at Stratos Wealth
Partners, as part of his company’s
initiative to encourage employees to give back to
help others.
AACF Annual Report 2014 - 2015 n 7
Gifts of Cash: Most gifts are in the
form of cash, via a check written by
the donor, or a donation online with a
credit card. If you itemize your taxes,
your outright gift is fully deductible for
federal income tax purposes up to 50
percent of adjusted gross income.
Gifts of Stock & Securities: Giving
long-term, appreciated stock offers you
two-fold tax savings. First, you avoid
paying long-term capital gains tax on
the increase in the value of the stock
on the date of the gift. For income
tax purposes, the value of such gifts is
deductible up to 30 percent of adjusted
gross income.
Life Insurance: Life insurance can
be one of the easiest ways to give by
designating a percentage of the policy
proceeds to the African-American
Community fund as a beneficiary. If the
policy has a cash value, you can take
a charitable deduction approximately
equal to the cash value at the time of
the gift.
Bequests: Through a deferred gift
such as a bequest, your long-term
charitable intent can be outlined during
your lifetime. The African-American
Community Fund can be named as a
beneficiary in your will through a simple
amendment called a codicil.
Gifts of Grain: Farmers looking to
minimize their tax liability can donate
crops to their Charitable Checking
Account SM at the Foundation. This type
of donation can make a significant
impact on their community, as well as
reduce their taxable income.
Consider making a gift to the African-
American Community Fund. Visit
or contact Whitney
Briggs at 937.222.0410.
Charitable Options
Your charitable gifts through the African-American
Community Fund are greatly appreciated and make a
difference in the community in which we live. This is a
brief introduction to some of the best tax-savvy methods
of charitable giving. However, we do urge you to discuss
your financial situation with your tax, legal or other
professional advisor. Charitable options that may be of
consideration include:
I don’t think you ever stop giving. I really
don’t. I think it’s an on-going process.
And it’s not just about being able to write
a check. It’s being able to touch
somebody’s life.
— Oprah Winfrey