Main Street Manning, the Manning Rotary and the Manning Betterment Foundation are partnering to sponsor a trust fund specifically for Manning. The fund is designed to be a perpetual fund that will benefit Manning much as the Warren Timmerman Trust fund does today. Manning is a better community due to projects such as the Warren Timmerman Shelter House and the nearby Warren Timmerman Sports Complex. In 2012 alone, Manning received over $67,000 for 5 projects. The new fund, called Refresh Manning Trust Fund, will follow Endow Iowa guidelines. The major component of the Endow Iowa Program is a significant state tax credit equal to 25% of your donation. The Endow Iowa program also allows a federal tax deduction.
The Refresh Manning Trust Fund will be setup as a sub-account within the Community Foundation of Carroll County. An initial donation of $10,000 is needed to setup the sub-account. Two private donors have committed $5000 each. The trust fund will be setup to benefit all non-profit organizations “headquartered” in Manning. Additional sub-accounts can be established for specific purposes such as the Hausbarn or Rec Center. Each sub-account requires an initial $10,000 funding. After initial funding, minimum donations are $100. You can make a gift of cash, stocks, bonds or real estate.
An informational meeting for the public will be held at the Warren Timmerman Shelter House 5:30, Thursday, Nov 29th. Mike Nelson, trustee of the Timmerman Trust Fund, will speak about the logistics of the Refresh Manning Trust Fund, the benefits to the community and the tax benefits to donors. A light lunch will be served.
This is designed to be an investment in Manning’s future. Manning community members, Manning alumni and the local agricultural sector are encouraged to invest in Manning with your gift. Consider the positive impacts of another trust fund for Manning. An individual can put their stamp – and maybe even their name – on Manning’s future. Please give consideration to Manning’s future generations. They include your children and grandchildren or those of your friends and neighbors.