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REFRESH MANNING TRUST FUND
Put your stamp on Manning’s future. Despite the overall decline in rural communities, Manning continues to be a viable progressive town. The Refresh Manning Trust fund is a perpetual fund designed to benefit Manning much as the Warren Timmerman Trust fund does today. Through 2013, $546,000 of Timmerman contributions to Manning projects has made Manning a better community to live in. In 2012, Manning received over $67,000 for 5 projects and received over $72,000 in 2013 for the Manning Fire and Rescue Association and Childcare Center. Manning is a better community due to projects such as the Warren Timmerman Shelter House in City Park and the nearby Warren Timmerman Sports Complex. Other benefits include upgrades to the school auditorium, city park and the fire department building.
On the belief that “two funds are better than one”, the Refresh Manning Trust Fund was established and is patterned after the Warren Timmerman Trust Fund as a perpetual fund. The Refresh Manning Trust will benefit 501(3)c non-profits or political subdivisions “headquartered” within the Manning city limits. It is truly a gift that keeps on giving. It is designed to exist in perpetuity and to implement an annual spend rate not to exceed 5 percent. It is hoped the perpetual fund will grow and benefit Manning for years and decades to come. All grant monies must be used for charitable purposes within the Manning city limits and are awarded in the fall of each year. No more than 5% of the funds will be dispersed annually.
The Refresh Manning Trust Fund follows Endow Iowa guidelines. As a result, the donor is afforded a significant Iowa state tax credit equal to 25% of the donation and is permitted a federal tax deduction. If you are an out-of-state alumni, your investment can be used as a federal tax deduction and state tax deduction (dependent on your state’s rules). Donations of assets can be done in a manner to avoid taxes on the capital gain of that asset but qualify for tax benefits on the full market value. Personal tax advice can be provided by your tax advisor.
Imagine the additional benefits possible from a second trust - the Refresh Manning Trust Fund. The fund started in December 2012 with two $5000 donations and is accepting additional donations. Please give consideration to your involvement in providing for Manning’s future generations. The beneficiaries include your children and grandchildren or those of your friends and neighbors. Manning community members, Manning alumni and the local agricultural community are encouraged to invest in Manning’s future with a gift. 100% of your money is reinvested in your community. Donations can be made upon one’s death but, better yet, donate now and enjoy seeing the positive results of your contribution! The Refresh Manning Trust Fund is administered by the Community Foundation of Carroll County (CFCC). Donations can be sent to CFCC, c/o Iowa Savings Bank, P.O. Box 967, Carroll, IA 51401. Checks should be made out to CFCC. Put “Refresh Manning Trust” on the “for/memo” line. You can invest in Manning’s future by making a gift of cash, stocks, bonds, corn/soybeans or real estate. You can invest as little as $100.....or donate farmland or $1 million! Donations can include:
“A man's life does not consist in the abundance of his possessions.’ Luke 12:14.
It is a gift that “keeps on giving”. According to Iowa Community Foundations, a $25,000 gift will provide $46,172 in grant monies over 25 years and will still have a value of $69,257 (assumes 8.5% growth and 4% annual distributions). The $25,000 gift will yield a $6250 bottom-line credit to one’s Iowa taxes in addition to any federal tax benefit. Donations can be made upon one’s death through a will or can be made while you are alive. If alive, Warren Timmerman would be proud to see what his donations have accomplished!!
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 and those of your siblings, fellow alumni, friends and neighbors. Checks can be made to Community Foundation of Carroll County. Put "Refresh Manning Trust Fund" on the for/memo line of your check and mail to CFCC, c/o Iowa Savings Bank, PO Box 967, Carroll, Ia 51401. For further information, contact the Main Street Manning office at (712) 655-6246, email@example.com or Ron Reischl at (712) 782-4951 or firstname.lastname@example.org. Grants are awarded in the fall of each year - watch for an announcement regarding exact timing. Grant applications can be found below.
If you have any questions, call the Main Street Manning office at (712) 655-6246.
Endow Iowa Program:
The purpose of Endow Iowa is to encourage individuals, businesses, financial institutions and organizations to invest in community foundations and to enhance the quality of life for citizens of Iowa through increased philanthropic activity. The Endow Iowa program requires that the donation be made to an endowment fund within the qualified foundation or community affiliate organization. The major component of the Endow Iowa Program is a state tax credit equal to 25 percent of a qualifying gift, as well as a federal tax deduction. For example, a gift in the amount of $10,000 could provide an Iowa tax credit of $2,500 in addition to a federal tax savings of $3,500 which brings the net cost of the gift to $4,000. Federal tax savings depend on one’s tax bracket. Some tax credit restrictions apply. A $25,000 gift will provide $46,172 in grant monies over 25 years and will be valued at $69, 257 (assumes 8.5% growth and 4% annual distributions).
Refresh Manning Trust Fund 2017 Grant Awards
The Refresh Manning Trust Fund is a perpetual fund designed to support the vitality of Manning. With very generous donor contributions of $10,000 and $50,000, the fund grew significantly in 2017 to $99,000. As a result, grant monies available for distribution grew from $1600 to $4750. The 2017 Refresh Manning Trust Fund grants was awarded to four Manning organizations.
The Manning Public Library was awarded $595 to purchase a portable video projector and screen. The Manning Chamber of Commerce lends its projector and screen to Chamber members. Based on user input, the library saw a need to make similar equipment available for public use. Grant monies will allow purchase of the equipment. The library will maintain the items as circulation materials, managed and protected by the library's lending policies.
As part of the continued development of Trestle Park, a committee is working on design and implementation of learning elements at Trestle Park. These elements will help with both guided learning (teachers, girls scout leaders, etc.) and unguided learning (children or adults just wanting to explore). The City of Manning received $655 to help develop an Outdoor Learning Environment at Trestle Park. The next step is to have the plans engineered and laid out by JEO Consulting at a cost of $16,000. While $10,000 of the Iowa Living Roadways Trust Fund can be secured for the planning and engineering, $6000 needs to be raised locally. The $655 grant will kick start that effort.
The Leet/Hassler Farmstead at Manning’s Hausbarn-Heritage Park is on the National Register of Historic Places and features a complete set of farm buildings from the early 1900’s. The farmstead home was never remodeled or changed from the original building and retains its high quality Arts and Crafts style. The home needs a new furnace to maintain a temperature controlled environment. That environment will protect the home’s original interior and items from the family who lived there in the 1920’s. A grant of $1500 will assist in the $2200 purchase of a new Aire-Flo furnace and labor costs. Energy savings are expected as a result of the new equipment.
The dish sanitizer at the Manning Child Care Center (MCCC) is not functioning properly. The state requires dishes to be either bleached or sanitized on a daily basis after each use. On many days, the sanitizer works only occasionally, forcing employees to manually wash dishes with warm, soapy water and then bleach the dishes. A grant of $2000 was awarded to MCCC. With the addition of some of its own funds, a new sanitizer will be purchased. MCCC will be able to meet the guidelines that are defined by the State of Iowa licensing board.
REFRESH MANNING TRUST 2016 GRANT AWARDS
The Refresh Manning Trust Fund 2016 grants were awarded to three Manning organizations.
The IKM-Manning School District was awarded $750 for improvements in digital signage. TVs are being used in the school to communicate information to the students about school-related events, community events and local business job openings. These grant monies will be used to replace the current 39” TV in the lunchroom with a 65” TV. The larger TV is more appropriate for the room size, better enabling students and faculty to read the messages being displayed. The current 39” TV will be repurposed elsewhere.
The Manning Historic Preservation Commission (HPC) was awarded $750 to create and print a coloring book that highlights significant historic and cultural places in the Manning community. The book will promote the historic places that make Manning a special community. In addition to the German Hausbarn, historic Trinity Church and Milwaukee Trestle, the initiative plans to highlight sites such as the Main Street District, water tower and the Leet/Hassler Farmstead – all on the National Register of Historic Places.
HPC will partner with IKM-Manning students to help Photoshop pictures into coloring book pages, giving the students a chance to use their skills in a real world application. The coloring books will be available at the Hausbarn, Boulders Inn and Suites, Manning public library and businesses willing to participate.
The Manning Wolves youth wrestling team was awarded $100. The grant will complement fundraising efforts by team members to raise over $2000 for the purchase of wrestling mats. The Manning Rec Center began a wrestling program in November of 2015. The volunteer leaders and coaches have organized a very successful program. Twenty five wrestlers participated the first year and thirty-eight are enrolled this year.
REFRESH MANNING TRUST 2015 GRANT AWARDS
The Refresh Manning Trust Fund is thrilled to announce its 2015 grant winners. A total of $1500 were awarded to three Manning organizations and will be paid in January.
The Manning Public Library received $585 for phase one of their 1,000 Books B4K project. The library intends to encourage early literacy as well as family connections with a program called 1,000 Books B4 (before) Kindergarten. The library will join hundreds of other libraries in this nationally recognized program (www.1000booksbeforekindergarten.org) by reaching out to all local children in the IKM-Manning school district under the age of five in this multi-phase project. It is designed to improve early literacy for the child and help create the development of good family habits, such as reading together and reaching a goal together. The grant will fund phase one of the $3025 project. The library has a programing budget to maintain this project long-term.
The IKM-Manning High School received $650 for the initial phase of a new broadcasting setup. The grant will used to purchase a video camera that can both record and stream. Today, two to three cameras are needed to record close-up shots, pan shots and broadcast simultaneously. The new camera can be utilized immediately and will be the foundation of a system that is much more efficient than the current one.
The school intends to add and expand current video production capabilities enabling them to better serve the school and communities within the school district. They plan to broadcast and commentate events for family and friends who live out-of-town and the local public.
The Manning Recreational Center received $265 towards a diving board. Due to years of wear and tear, the current diving board has become unusable. The pool is used year round and the Rec Center hopes to replace the diving board this spring when the pool is drained and painted. The addition of a new diving board will complement many other renovations and improvements made during the last two years at the Rec Center.
While not a pre-determined priority, each of the awards focus on the needs of children in the Manning community and IKM-Manning School District – a worthy cause!!
Are you interested in a 25% credit on your Iowa taxes? Donate monies to the Refresh Manning Trust Fund and take tax benefits of up to 64% (depending on your federal tax bracket). For more information, contact the Main Street Manning office at 655-6246. Invest in your community and enjoy a generous tax benefit!
REFRESH MANNING TRUST 2014 GRANT AWARDS
In Dec 2014, the trust fund awarded $500 each to the Manning Childcare Center and Trestle Park.