This community foundation newsletter highlights the activities of the foundation, its donors and recipients of grant funds.

1. The Dayton Foundation
SUMMER/FALL 2008
GOOD
Dayton Foundation grant helps Daybreak create
A Safe Haven for Homeless Youth
N ineteen-year-old Sherry “THIS GRANT SAID”
Daybreak’s new residential
returned to Dayton and service center will OUR COMMUNITY
after leaving her boyfriend in help serve homeless and
inside FOUNDATION
troubled youth.
Michigan. She wanted to live
with her mother until she could BELIEVES IN WHAT
features find a job or go back to school, DAYBREAK IS DOING
but her mother’s boyfriend
AND HOW WE ARE
turned her away.
.”DOING IT.”
So Sherry turned to
Daybreak, a shelter for home- – Linda Kramer, –
less youth and young adults. executive director, Daybreak
Sherry now lives safely in one
pg. 3 director. “This grant said our
of 24 transitional apartments
WSU Founder’s community foundation believes
at Daybreak’s new residential
Passion for
in what Daybreak is doing and
Education Lives On and service center located on
how we are doing it.”
South Patterson Boulevard in
Formerly located on Wayne
downtown Dayton. The center
Avenue, Daybreak operates a
opened in May, thanks in part
crisis hotline and emergency
to a $50,000 grant from The
youth shelter and provides out-
Dayton Foundation toward
reach, prevention and life-skills
Daybreak’s $9.6 million capital
programs. Besides space for
pg. 4 campaign to renovate the 100-
training, counseling, recreation
Donors Establish year-old dilapidated building
and offices, the center has a
Funds to
and enhance the organization’s
Help Others revamped shelter with single
services for youth.
bedrooms, adequate bathrooms
“The Dayton Foundation’s
and plenty of common areas
commitment allowed us to
to accommodate 16 children,
leverage funds from others,
ages 10 to 18. This is important,
so we’re ending our campaign
because it provides a safe place
without a gap and without
long-term debt,” said Linda
pg. 5 continued on page 5
Kramer, Daybreak’s executive
Uninsured Get
Vital Medicines,
Thanks to Grant
Donors with“common touch” leave uncommon gift
$4+ Million Eichelberger Bequest
to Be Foundation’s Largest to Date
pg. 7
Successful
L ongtime Oakwood residents Oakwood. It’s only fitting that “The Dayton Foundation is
Entrepreneur’s
Jack W. Eichelberger, a they should pass on their ‘com- honored to be entrusted with
Education
prominent Dayton attorney and mon touch’ to the community this generous bequest that will
Inspires Fund
real estate entrepreneur, and through this remarkable gift.” have a significant impact on our
pg. 7
Irish-born Sally D. Eichelberger, Together, Jack Eichelberger, community today and for gen-
Grants in Action
a devoted member of the who passed away in 2001, and erations to come,” said Michael
Dayton Women’s Club, were Sally Eichelberger, who passed M. Parks, president of The
legendary for their “common away in 2006, left The Dayton Dayton Foundation.
touch.” It was a quality that Foundation $4 million from Advised by the Eichelbergers’
they both possessed and will their combined estates for The attorneys and longtime friends
Sally D. and Jack W. Eichelberger
long be remembered for by the Jack W. and Sally D. Eichelberger Gary L. Froelich, David C. Greer
members of the legal profession Foundation. With a forthcom- and Neal F Zimmers, the fund
.
local law enforcement person-
and their many friends. ing multi-million-dollar addi- awards grants to local organiza-
nel and the people of Dayton
“They enjoyed each other’s tional gift from their estates, the tions that enhance the educa-
and Oakwood,” said David C.
company and, in equal mea- total Eichelberger gift will be the tion of the legal profession, the
Greer of Bieser, Greer & Landis
sure, the company of Dayton Foundation’s largest gift from a
LLP. “The Eichelbergers were
continued on page 2
Bar Association members, bequest to date.
great supporters of Dayton and

2. from the President
Community Leadership Initiatives
elementary schools being players and issues. No one resource, not just for the
“BOARD-DIRECTED”
rebuilt over the next several organization can solve any Foundation, but also for the
FUNDS ARE A
years. They are aimed at im- one of these regional issues. community. We want to be
PRECIOUS RESOURCE
proving the lives of children But The Dayton Foundation sure that where we choose to
NOT JUST FOR THE
and families in five targeted has a unique role we can use those resources has the
Dayton neighborhoods. The play by virtue of our neutral greatest chance for a positive
FOUNDATION,
most recent initiative is position – our only interest is return and to make the most
BUT FOR THE
Crayons to Classrooms, a the well-being of the Greater difference.
.”COMMUNITY.”
partnership with the Mathile Dayton Region and its people Following the staff
Family Foundation and – and the three legs of the research we’ve described here,
Goodwill Easter Seals Miami stool of our mission. This is staff recommendations for
opportunities. We also have
Valley, among others, that helps that we help donors; we help our next leadership initiatives
reviewed data, research and
provide classroom supplies for worthy causes; and we are a are vetted by the Foundation
trends.
low-income children who can’t community convener with the Grants and Programs
In essence, we have been
afford them. With all three ability to bring together public Committee and ultimately by
assessing the state of our
of these initiatives, we have and private partners of all our Governing Board.
community and listening
collaborated with incredible persuasions to identify, assess Although the issues our
to people’s views on what
community partners to help and ultimately solve some of region faces are enormous
can make it better. We are
Michael M. Parks
address important community our region’s issues. and complex, we are not
working to determine whether
O needs. discouraged. To the contrary,
ver the next 12 months, particular community The Fuel and the Hope
But how are we currently the deeper we get into them,
The Dayton Foundation issues can be enhanced by Our primary limitation is the
arriving at our leadership the more we see individuals
will be taking on one or two collaborations that we are able amount of Board-directed
initiatives? What is the process and organizations all around
new community leadership to draw together to help our funds we hold – roughly 8 per-
by which we determine them, us willing to come together to
initiatives to help our Greater community. We are looking cent of all Dayton Foundation
and how are they funded? solve issues. Our community
Dayton community. These are at where Foundation dollars, assets. These assets are those
has such wealth of committed,
efforts where a need or gap as well as staff time, can be
The Process
caring human capital – people
exists and where The Dayton placed to do the greatest
Over the past few months, we “OUR COMMUNITY”
willing to give their all to try
Foundation is in a unique possible good.
have engaged in discussions HAS SUCH WEALTH to heal our environment or
position to help. To give you a sense of the
with large numbers of people
children at risk or neigh-
Recent examples include magnitude of this, we are OF COMMITTED,
from across the community, as
borhoods in disrepair; caring
our partnership with the examining local concerns CARING HUMAN
well as held individual meet-
donors pouring millions
Dayton Business Committee, around homelessness;
ings with Foundation Govern- ...CAPITAL....” of dollars back into local
which led to the creation public education; housing/
ing Board members and with
nonprofits at work for our
of the Minority Economic foreclosures/vacancy issues;
our Grants and Programs that donors, over time, have community; our region’s
Development Council to workforce development;
Committee. We have looked given The Dayton Foundation culture of collaboration and
promote greater participation conservation; neighborhood
at broad community issues to be used at the discretion of innovation. We are optimistic
and inclusion of minority safety and vitality; nonprofit
and specific problems and our Governing Board for the and look forward to reporting
citizens in the economic capacity building; the need
greatest needs in our com- back to you on where The
fortunes of our region. Neigh- for regional collaboration
“IT’S IMPORTANT” munity. These not only give Dayton Foundation – with
borhood School Centers and growth; early learning
us the ability to put money
FOR PEOPLE TO your help – will go to work
Program, a collaboration with and rigor in education; race
on the table with partners we next in our community.
Dayton Public Schools, the and diversity; our region’s
UNDERSTAND THE
enlist to tackle a community
Fitz Center for Leadership in economic competitiveness;
CARE WITH WHICH
need, but also allow us to hire
Community at the University and how to keep more of our
WE ENTER INTO the expertise required to see
of Dayton, Montgomery young people in our region
the effort through.
A COMMUNITY
County, United Way and 16 after graduation.
It’s important for people to Michael M. Parks
other area funders, is another Any one of these has a
LEADERSHIP
understand the care with which President
example. Its purpose is the complexity of interwoven
.”INITIATIVE.” we enter into a community
creation of neighborhood
leadership initiative. Board-
school centers at Dayton public
directed funds are a precious
Common arts and the Dayton commu- offering the high-caliber “TOGETHER THEY”
nity. Sharing $90,000 in grants productions that reflect their ...HAVE LEFT...
to date are The Human Race vision.”
Touch [DAYTON] A LEGACY
Theatre Company, Clothes that “While they loved to travel
OF MEMORIES AND OF
Work! and Cityfolk. and had homes in Florida and
continued “Jack was very committed New York, Dayton was at the CHARITABLE INTENT
to his profession, and he loved core of their lives,” said Neal
THAT WILL BENEFIT
music, particularly bluegrass F Zimmers of Zimmers and
.
THE COMMUNITY FOR
and jazz,” said Gary L. Froelich Associates. “Together they
are honored that the Eichel-
of Froelich Law Office Co., have left it a legacy of memo- “.YEARS TO COME.”
berger Foundation recognizes
LPA. “This fund is how he ries and of charitable intent
our programming as a worthy – Neal F. Zimmers, –
wanted to be remembered, that will benefit the commu-
vehicle for continuing Jack Zimmers and Associates
through the organizations that nity for years to come.”
and Sally’s legacy. Their gener-
shared his goals and interests.” ous support in underwriting
Said Kevin Moore, execu- the Loft Season helps insure
tive director for The Human that we’ll be able to continue
Race Theatre Company, “We
2

3. The Fund for Higher Education
WSU Founder’ Passion to Expand
s
College Opportunities Lives On
F ormer NCR Corporation served on corporate and civic “IT IS IMPOSSIBLE”
chief executive and Wright boards, including The Day- TO OVERSTATE BOB
State University founder Robert ton Foundation’s Governing
OELMAN’S POSITIVE
S. Oelman, who left indel- Board from 1974 to 1980, and
AND LASTING
ible marks on business, civic supported urban renewal and
affairs and higher education in corporate community service INFLUENCE ON
the Miami Valley, passed away through Dayton’s Area
HIGHER EDUCATION.
in 2007 at age 97. But he also Progress Council.
HE WAS VERY MUCH
left a charitable legacy through As plans for Wright State
The Dayton Foundation that took shape, Bob Oelman led A SERVANT LEADER,
will improve the quality of and with authority, co-chairing AND I REMAINED
access to higher education in the building fund campaign
IMPRESSED WITH
perpetuity. in 1961 and later heading the
BOB AS LONG AS I
In 1998 Bob Oelman campus advisory committee
established The Fund for and serving as chairman of .”KNEW HIM.”
Higher Education, a field- the Board of Trustees.
– Robert J. Kegerreis, retired –
of-interest fund, through the “He was always quality- president, Wright State University
Foundation. Grants from the minded,” noted Dr. Kegerreis.
wisely counseled us to keep
fund, first awarded in 2007, He recalled asking with con-
trying,” said Dr. Kegerreis. “It
help public and private Miami cern for Bob Oelman’s advice
had been a longtime ambition
Valley institutions of higher about switching from NCR
of influential people in Ohio
learning to increase the range to IBM mainframes, which
and Dayton, especially his
of higher educational services seemed better suited to the
good friend Virginia Kettering,
to students in the Greater university’s computer science
to establish a medical school
Dayton Region. needs in the 1970s. Bob
Robert S. Oelman
here, which we did in 1973.”
“Bob served as a corporate Oelman gave him the nod
1931. After graduation, he
1967 and its growth over the The legacy of Robert
champion of higher education to choose IBM.
studied at the University of
next two decades.” Oelman, who believed public
throughout his life,” said Dr. “A narrow-minded, less
Vienna, where he met and
A Dayton native born in higher education should be
Robert J. Kegerreis, Wright impressive person would have
later married Mary Coolidge,
1909, Bob Oelman graduated available to everyone, lives on
State University president insisted we stay with NCR,”
also from Dayton. They were
from Dartmouth College in through The Fund for Higher
from 1973 to 1985, Dayton Dr. Kegerreis said. “He was
married for 70 years. He
Education. Examples of grants
Foundation donor and a unquestionably astute and
worked at NCR for 41 years,
Robert S. Oelman (center) breaks
from his fund to date include
member of The Dayton Foun- never deviated from the high-
becoming president in 1957
ground for Wright State Univer-
a 2007 award of $5,600 to
dation’s Marketing and Public est principles.”
sity in 1963. He is pictured with and serving as chief executive
(left to right) Novice Fawcett, the Clark State Foundation
Relations Committee. “In In the early 1970s, Wright
officer from 1961 to 1974.
former president of The Ohio
to expand its Champion
the 1960s, NCR chief Stan- State administrators were pre-
One of his greatest corporate
State University; John Millett,
City Scholars Program and a
ley Allyn instructed Bob to paring the case for a medical
former president of Miami challenges was shepherding
$7,400 grant to the College
get going on plans for a state school, in spite of significant
University; Major General T.A.
NCR from electrical-mechani-
Bennett, former USAF Logistics Club at Wilmington.
university in Dayton, which opposition in political, civic
cal cash registers to electronic
Command; Stanley Allyn, former
The Champion City
he did. Bob was instrumental and academic circles. “Bob
machines, business computers
NCR chairman; and Fred White,
Scholars Program provides
in Wright State’s founding in former business manager for and data processing. He also
Wright State University. academic and life-skills train-
ing to low-income students
in Springfield City Schools,
beginning in grade eight
through their second year of
college. These students receive
full, two-year scholarships to
Clark State and become the
first in their families to earn a
college degree.
The grant to the College
Club at Wilmington College
supports an intervention pro-
gram that focuses on at-risk
or underrepresented middle
school students in Clinton
County who also would be the
first in their families to attend
or graduate from college.
“It is impossible to over-
state Bob Oelman’s positive and
lasting influence on higher
education,” Dr. Kegerreis
said. “He was very much a
servant leader, and I remained
impressed with Bob as long
as I knew him.”
3

4. endowment
Donors establish funds to help others
E stablishing a strong foun- commitment to excellence in to establish this fund that will dren by investing in programs, Dayton, Culture Works and
dation for our communi- every experience. assist six- to eight-year-olds facilities and services that the Dayton Theater Guild,
ty’s future is a vision shared by with tuition expenses for help children grow, learn and among other organizations.
Dayton Opera Association
donors who have endowment beginning ballet lessons at the play in a safe and healthy
Endowment Fund, through
funds at The Dayton Foun- Dayton Ballet School. environment.
income distributions, sup-
dation. Donors have started ports the operations of Dayton
the following new funds to Opera, the area’s only profes-
support our region and their sional opera company.
special charitable causes, now
Dayton Opera Association
and in the future.
Gold Standard Fund creates a
board-designated endowment
fund for Dayton Opera to
help maintain the company’s
stability, artistic integrity and
community impact. Miami Valley Township Veterans
Memorial
Diversity Programs Endow-
ment helps Victoria Theatre Miami Township Veterans
Association bring diverse Memorial Fund provides
The Human Race Theatre Company
entertainment to the Greater annual, unrestricted operating
Dayton Region and attract a The Kuntz Foundation
The Human Race Theatre revenue for Miami Township
sustains the charitable, edu-
wide variety of audiences to Term Fund supports The Veterans Memorial.
cational and civic projects of
their productions. Human Race Theatre Com-
The Kuntz Foundation.
pany’s mission to present uni-
Jack W. and Sally D.
versal themes that explore the
Eichelberger Foundation
Marianne and Tom Becker
human condition and startle
was established by Jack and
Tom and Marianne Becker us into a renewed awareness
Sally Eichelberger, long-
Family Fund was created by of ourselves.
time Oakwood residents, to
the Becker Family to honor
enhance the legal profession,
the memory of their par-
the arts and the Greater
ents. Thomas E. Becker was
Dayton community through
the president of the John A.
the awarding of grants. Jack
Becker Electric Company and
Eichelberger was a well-known
son of the company’s founder.
Dayton attorney and real
Marianne Becker was a Miami Bob and Dee Millat
estate investor.
Valley Hospital volunteer for Michael K. Millat Memorial
20 years. Scholarship Fund encourages
Herbert M. Campbell Fund children of Millat Industries’
Maria Lauterbach
for the American Cancer employees to further their edu-
The Maria Lauterbach Fund
Society* provides assets to cation. The fund was estab-
for Women*** remembers
sustain the programs and lished by Bob and Dee Millat in
Marine Lance Corporal
Frances P. Hussey
services of The American Can- memory of their son, Michael.
Maria Lauterbach, whose
cer Society in Montgomery Mary J. and Frances P.
Paul R. and Frieda M. Miller
tragic death in 2007 attracted
County, Ohio. Hussey Fund carries on the
Memorial Scholarship Fund
national sympathy. The fund
legacy of these Oakwood sis-
Carl J. Davis, Jr., Fund honors awards scholarships to African-
will honor the memory of this
ters by providing unrestricted
the donor’s memory and love American Dayton Public
2006 Butler High School grad-
operating funds to help The
for animals by providing funds School graduates, who plan to
uate by supporting organiza-
Dayton Foundation help oth-
to The Humane Society and major in teaching at a histori-
tions that help female victims
ers. Frances Hussey retired
SICSA. Carl “Dutch” Davis cally black institution. Marilyn
Sarah Fiorita of abuse and advocate improv-
from Miami Valley Hospital
retired as vice president of Miller-Lewis established this
ing women’s rights and protec-
after 28 years of service in
Sarah Fiorita Memorial
People’s Bank in 1982 and fund in honor of her aunt and
tion in abusive situations.
the diagnostic lab.
Scholarship Fund celebrates
was married to his late wife, uncle, both educators at and
the memory of six-year-old James L. McGraw and
Dr. Rita Klosterman Scholar-
Adele, for 58 years. graduates of historically black
Sarah Fiorita, who died of Marjorie McGraw Fund
ship Fund honors the memory institutions, who wanted to
Dayton Opera Association
remembers this beloved
leukemia in 2006. Her passion of this former elementary give others the opportunity
Artistic Excellence Fund
Kettering couple, who met
for ballet prompted her parents school principal and Univer-
provides operational funds for educational success.
on a New Jersey beach and
sity of Dayton professor who
to continue Dayton Opera’s Warren E. Miltenberger
Dayton Opera married in 1952. The fund
devoted her life to education.
Fund promotes wildlife pres-
benefits the University of
The fund will benefit the
ervation, including supporting
University of Dayton Col-
wildlife sanctuaries and nature
lege of Education and assist
preserves, as well as sustaining
financially needy students
creatures indigenous to the
attending any Roman Catholic
Miami Valley region.
elementary school in Mont-
gomery County.
* African-American
Mark Andrew Kreusch
Community Fund
Memorial Fund** celebrates
the memory and spirit of Mark ** Centerville-Washington
Township Fund
Kreusch, the four-year-old son
of Jon and Suzanne Kreusch, *** Vandalia-Butler Foundation
Fund
whose life was taken unex-
pectedly in 2007. The fund
will enrich the lives of chil-
4 Mark Andrew Kreusch

5. Dayton Community Charitable Pharmacy
Uninsured get vital medicines, thanks to Foundation grant
G “WE KNOW WE”
reg, a laid-off autoworker
in Dayton now without ARE PREVENTING
health insurance, decided
INFECTIONS AND
to become a truck driver.
EMERGENCY ROOM
But when he couldn’t pass a
physical examination because READMISSIONS.
of an irregular heartbeat, he PATIENTS ARE
suddenly had no access to
FEELING BETTER AND
medicines required to regain
GETTING BACK TO
employment.
The Dayton Community WORK, SO WE’RE
Charitable Pharmacy, operated
ENHANCING THEIR
by Reach Out of Montgomery
.”QUALITY OF LIFE.”
County, helped Greg to navi-
gate the health care system, – Sharon Sherlock –
find a cardiologist and obtain
with the $4 discount plans,
some patients may still need
“WE ARE THE”
assistance from the charitable
ULTIMATE SAFETY pharmacy. Discount programs
have dosage limitations and
NET FOR A LOT OF
don’t cover expensive medi-
PEOPLE.... WITHOUT
cines for chronic conditions,
THIS PHARMACY, such as diabetes, hyperten-
Reach Out of Montgomery
Sharon Sherlock said. “It about side effects and drug
HOW MANY LIVES sion or asthma. And for
County’s charitable pharmacy
brought forth new individual interactions. We explain how low-income patients needing
WOULD HAVE BEEN
you weren’t here,’” said Sharon donors and helped us in our their medicine relates to their multiple prescriptions, dis-
?”LOST?” Sherlock, Reach Out’s execu- quest for funding from other disease state, now and down counted medicines are still
tive director. organizations.” the road. People who under-
– Sharon Sherlock, executive out of reach. The charitable
After Reach Out’s federal The pharmacy provides up stand why they are taking a
director, Reach Out of
pharmacy helps patients find
Montgomery County
grant funds were diverted to three months of free generic medication are more likely to creative ways to fill these gaps.
unexpectedly, The Dayton medicines to patients like comply than people who have “We are the ultimate safety
the medicines he needed so Foundation stepped forward Greg. One part-time and addi- no clue. So we can impact net for a lot of people,” Sharon
desperately. Reach Out pro- to award a $15,000 discre- tional volunteer pharmacists their long-term health.” Sherlock said. “We know we
vides access to health care for tionary grant to help the teach patients how to admin- Pharmacists also encour- are preventing infections and
underserved and uninsured pharmacy continue dispens- ister their medications, answer age patients to find a primary emergency room readmissions.
people in the county. Because ing medicines to uninsured questions, monitor usage and care physician in a neighbor- Patients are feeling better and
of high poverty and unem- patients, mostly those released adjust dosages as needed. hood health clinic. A physi- getting back to work, so we’re
ployment rates in Dayton, the from emergency rooms. The “We do a lot more than cian can provide ongoing care enhancing their quality of life.
community’s need for a chari- pharmacy, located around fill prescriptions,” said John and access to medications Without this pharmacy, how
table pharmacy is great. the corner from Miami Valley Miller, a Reach Out board through free or low-cost pre- many lives would have
“Every day people like Hospital, now fills 12,000 member and former volunteer scription-assistance programs, been lost?”
Greg come to our pharmacy prescriptions annually. pharmacist at the charitable or $4 discount plans offered
window and say, ‘Thank you “Without this grant from pharmacy. “We tell patients by many retailers. Sharon
– I don’t know what I’d do if The Dayton Foundation, we Sherlock points out that even
wouldn’t have stayed open,”
Daybreak site services and support. where she’ll pay a portion of
“...WE’LL BE ABLE...”
Even pregnant youth or those her rent. She’ll graduate
TO SERVE EVEN MORE
with babies up to age three from Daybreak’s program
continued YOUNG PEOPLE IN
are welcome. “We’re moving when she’s ready to be fully
them off the streets, giving THE FUTURE AND independent.
them homes,” she said. “Here “That means for the same
HELP MORE SUCCEED.
they build community and see dollars, we’ll be able to serve
for youth of different ages, OUR COMMUNITY IS
social workers regularly. It’s a even more young people in the
gender and behaviors. But it’s
ONLY AS STRONG
much healthier environment.” future and help more succeed,”
the transitional housing that’s
Sherry has a six-month, Linda Kramer said. “Our com-
AS ITS WEAKEST LINK,
allowing Daybreak to change
renewable lease and “earns” munity is only as strong as
Daybreak Housing Director
the way it serves the com- AND THIS IS ONE
Karen Garcia VanDyke (left) and her rent by following house its weakest link, and this is
munity’s growing number of
WE ARE HOPING
volunteers sort through donated
rules and attending counseling. one we are hoping to really
homeless young adults, ages household items for the new
“I get to act like an adult, TO REALLY strengthen.”
18 to 21, Linda Kramer said. shelter.
buy groceries, cook food and
Daybreak used to send young .”STRENGTHEN.”
“They became isolated and do my own dishes,” Sherry DAYBREAK ASSISTS
adults like Sherry to one- – Linda Kramer, –
were at risk for failure,” Linda said. “I’m working on finding HUNDREDS OF RUNAWAY,
bedroom apartments located executive director, Daybreak
Kramer explained. “Many HOMELESS AND TROUBLED
a job, and my caseworker is
around town. While they
YOUTHS EACH YEAR. READ
weren’t ready for that level of helping me get back into
received services and regular MORE ABOUT SHERRY’S
independence, because they college.”
visits from their case manag- STORY AND OTHER DAY-
didn’t have life-skills training.” As Sherry gains indepen-
ers, many still struggled. BREAK YOUTH ONLINE AT
The transitional housing dence, she’ll move out of DAYTONFOUNDATION.
program located in the new transitional housing and into ORG/GRNTNACT.HTML.
facility nurtures, stabilizes a one-bedroom apartment,
and immerses them in on- 5

6. Getting started with The Dayton Foundation
Give the Gift of Charitable Giving
T ired of shopping for the appreciated assets, such as and provide us with one state-
perfect gift? Not sure what securities or mutual ment at the end of the year
to give that special someone funds. This allows for our tax reporting,” Mrs.
who has everything? Instead the full value of the Harker said. “I don’t know
of giving an unwanted sweater, assets to be used for why more people don’t use
tie or household knickknack, charitable purposes, the service.”
consider a gift that gives back undiminished by long- Opening an account takes
– a Dayton Foundation Chari- term capital gains taxes, just a couple of minutes and
table Checking Account.SM when donated to the can be done online. Your
That’s what Susan and Foundation before the loved one also can do all of
Don Harker did for each of asset is sold. You receive his or her giving online, 24/7,
their four adult children last the charitable deduction through the Foundation’s
Christmas. as the donor contribut- secure, password-protected
“They don’t need gifts of ing the assets. service, Donor Express. He or
fancy gadgets or other items,” And best of all, it’s she can monitor the account’s
said Susan Harker, a Charita- free. There are no fees or activity, including gift and
ble Checking Account donor fund minimums. grant history, check the bal-
since 2004. “These accounts ance, make grant requests
“[THE CHARITABLE”
will encourage them to and even add to the account
think about and support the online.
CHECKING ACCOUNT
organizations and causes So, how did the Harker
SERVICE] IS A GREAT
they care about most. It’s a children react to their gifts?
WAY TO TEACH
great way to teach children “They were thrilled and
CHILDREN OF ANY
of any age about the joy of immediately started talking
giving.” about which charitable causes
AGE ABOUT THE JOY
The Charitable Check- they were going to support,”
.”OF GIVING.”
ing Account Service is Susan Harker replied. “We
– Susan Harker, Charitable –
a flexible and tax-smart couldn’t have picked better
SM
Checking Account donor
option that helps your gifts.”
special someone help To learn more about the
“My husband Don and I
others. You can open service or to open an account
love our Charitable Checking
an account with any dollar today, visit www.daytonfoun-
Account. It’s so easy to use,
A post-holiday thank-you
amount, with your loved dation.org. Or, if you prefer,
note from Susan and Don time. Plus, an account can be and the Foundation does all
one recommending grants you or your financial advisor
Harker to The Dayton
established in your loved one’s the work for us. They verify
Foundation
from the account to any IRS- may call one of the Founda-
name, further personalizing the charity’s IRS status, send
approved public charities, tion’s development staff at
this gift option. the grant checks for us – even
including educational and (937) 222-0410 or toll free at
In addition to cash, you anonymously, if we want –
religious institutions, at any (877) 222-0410.
can fund an account with
Tips on charitable giving
Take Advantage of Current Interest Rates
to Benefit Charity and Loved Ones
while providing for their estate tax and income tax. He tunity to meet his charitable
$36,000 annually for ten
loved ones, by establishing also wants to provide for his goals, provide for his daugh-
years, for a total of $360,000.
charitable lead annuity daughter after his death in ter’s future well-being and
Through his fund, Mr. Smith
trusts (CLAT). a tax-advantaged way, since save on his estate, gift and
may make regular distribu-
he will have a taxable estate. income taxes.
tions to the charities of his
What Is a Charitable Lead
After consulting with his This is a broad overview
choice in the Greater Dayton
Annuity Trust, and How
attorney, he has decided that of how a CLAT functions. A
Region and beyond.
Does It Work?
the best strategy to accomplish CLAT may or may not be an
His tax savings is equally
A CLAT provides fixed pay-
his goals is to transfer appreci- appropriate giving vehicle for
beneficial. If Mr. Smith is in
ments to one or more charities
ated assets to a CLAT. you and your family. As you
the 33 percent tax bracket, his
for a specified period of years
Mr. Smith transfers consider your plans, you or
gift tax deduction is $300,025.
or a lifetime, as determined
$600,000 in long-term mar- your estate planning advisor
He also may be able to claim
by the donor. After such time,
ketable securities to a CLAT may contact me, Angela
a similar income tax deduction.
the remainder returns to the
and names his fund at The Clements, CPA, senior devel-
Long-term ordinary return
By Angela Clements, CPA, donor or a beneficiary desig-
Dayton Foundation as the opment officer, to discuss
on his investment and long-
senior development officer nated by the donor. A CLAT
beneficiary for the next ten which charitable tool works
term capital growth has been
may provide the donor with a
F ederal midterm rates are at
years with his daughter as best for you. You can reach
and remains at 5 percent.
gift tax, income tax or estate
an all-time low – 3.8 percent
the remainder beneficiary. me at (937) 225-9948, or
After the $360,000 distribu-
tax deduction, or all three.
in June. This provides a great
The securities have a basis at aclements@dayton
tion to his fund, Mr. Smith
To help illustrate this, con-
opportunity for individuals
of $100,000. At a 6 percent foundation.org.
has $975,561 remaining that
sider the following scenario.
to make a difference for the
annual payout rate, the CLAT is passed to his daughter after
John Smith wants to
charities they care about most,
provides his donor-advised his death.
support his favorite chari-
fund at the Foundation The CLAT has provided
ties during his lifetime, as
John Smith with the oppor-
well as decrease his potential
6