What is a county 4-H Endowment?
County 4-H endowments are permanent funds made possible through individual donations, business and corporate contributions, and fund raising events.
Principal is invested permanently through the Ohio 4-H Foundation to generate the maximum interest possible. The interest income returns to the county to fund local 4-H youth development education programs, and adds value to the county endowment to keep pace with inflation.
Does Belmont County have a 4-H Endowment Fund?
Yes. Our 4-H Endowment was officially recognized by the Ohio State University Development Fund in August of 1995. As of November 30, 2012, the Belmont County 4-H Endowment Fund has a Principal Balance of $108,592 and a Market Value of $105,370.
Is a gift to the Belmont County Endowment Fund recognized as a gift to The Ohio State University?
Yes. Contributions are sent to the State 4-H Office earmarked for the Belmont County 4-H Endowment Fund and deposited with the Ohio 4-H Foundation which is part of the university's development fund.
Why is it necessary to have a county 4-H endowment?
County, state, and federal budgets are very restricted and usually cannot be stretched to provide more than the basic necessities. Interest income from county endowments can supplement these budgets, in addition to annual contributions, to help assist with:
- awards for youth and adult volunteers
- providing added incentives
- development of new programs
- youth and volunteer education
- purchasing of program materials
Who manages the interest earned at the county level?
Money generated through earned interest is handled by Belmont County 4-H Council. 4-H Council uses the money to support the Bob Lang Camp Scholarships.
Is my gift tax deductable?
Yes. The Ohio 4-H Foundation and Belmont County 4-H Endowment is a 501 (c)(3) charitable foundation. Consult your accountant or tax attorney for specific guidelines on your gift.
YOU CAN HELP!
Contributions to the Belmont County 4-H Endowment Fund may be made in several ways:
- Current Gifts
- Planned Gifts
- Life Insurance
- Charitable Trusts
- Memorials, and
- Corporate Matching Gifts
Who should I contact if I have further questions?
Contact: Jane Keyser at (740) 695-1455