The Easton Senior Citizen’s Center, Inc. (hereinafter “ESCC) is dedicated to serving the Easton Senior Center and through it, all members of the Easton Community. A private tax exempt 501(c) (3) non-stock corporation, it operates exclusively to promote and support the Easton Senior Center. Founded in 1976, the corporation coordinates financial resources from private gifts and public grants for the benefit of the Easton Senior Center’s programs and facility. The ESCC augments the Center’s budget with resources that enrich the cultural, educational and social programs of the Center in areas beyond the responsibility and capability of the local municipal government.
An ENDOWMENT is like a savings account. A portion of the
interest generated on the principal provides a permanent source
of funds for a particular purpose as determined by the donor.
The remainder of the interest is reinvested in the endowment.
Since an endowment’s principal is never spent, these funds
create financial stability, allowing the Senior Center to be
less dependent on unpredictable sources of funding such as
budgets support. These endowment funds will
You may create a NAMED ENDOWMENT FUND. This allows the donor the opportunity to associate the name of a family or individual with a project or program of enduring worth.
Additionally, a donor can choose to support a specific area or to give an unrestricted gift. An UNRESTRICTED GIFT is one where the money will be used in areas of greatest need as determined by the BOARD. Unrestricted gifts provide a pool of funds that are NOT RESTRICTED to specific programs uses.
RESTRICTED GIFTS are earmarked for a specific purpose, such as provision of holiday meals to shut-ins. Although both types of gift are important unrestricted gifts are of vital importance because they allow the Board to provide funding for those areas of greatest current need.
I would like to ask you to consider helping the ESCC, Inc. through your long-range financial plans. You may make a gift during your lifetime or may leave a gift through your estate plan. I am sure that you already know that bequests can be left through wills. Other options include naming the ESCC, INC. as beneficiary of a life insurance policy or designating the EASTON SENIOR CITIZEN’S CENTER, INC. as a beneficiary of retirement accounts, bank certificates of deposit and bank money market funds—some credit unions will also do this. You can also leave gifts of personal property such as books, artwork, or equipment. You may leave gifts of real estate through a transfer of residential, commercial or undeveloped real estate.
All gifts will be administered in strict accordance with the donor’s wishes and will be deposited directly into an existing or newly created fund set up to benefit the purposes designated by the donor. Details of the expenditures and disbursements are kept by the Board’s Treasurer. The ESCC will make available a summary of specific information about revenue, expenditures and operating costs . Further, the ESCC will issue an individual report , on request,, to any donor, this through the ESCC’s annual tax return and IRS FORM 990. ESCC will also provide details of fundraising, management and other revenue and expenses.
Please note the establishment of endowments or legacy gifts are received as a source of funds in addition to and separate from donations made throughout the year that help keep the Senior Center running on an everyday basis..
The ESCC believes that a strong ENDOWMENT is critical to supporting the Senior Center. Support from public sources including the town is not enough. Private gifts are needed for the Senior Center to realize its goals. Accordingly, the ESCC goal is to raise contributions from individual donors, private organizations, companies and philanthropic foundations and to skillfully invest both unrestricted and restricted gifts made to the endowment in order to generate reliable income to support the Senior Center. Through the exercise of its fiduciary responsibility the ESCC gives donors the confidence that their gifts will be handled in accordance with their wishes. In fact, these funds CANNOT be appropriated for any other purposes.
Please include the following information when making the EASTON SENIOR CITIZEN’S CENTER, INC. a beneficiary of any planned gift:
Full Legal Name:
Easton Senior Citizen’s Center, Inc.
Walter Eastwood, Treasurer
650 Morehouse Rd.
Easton, CT 06612
Federal Tax Identification Number:
Many companies offer their own programs that match charitable gifts made by employees.
The size of the gift you wish to make is entirely up to you. Each and every contribution is important to us and is gratefully accepted.
All gifts are recognized with an
ALL GIFTS ARE TAX DEDUCTIBLE to the full extent allowed by the law. Please note: No goods or services are given in exchange.