2012 Klausman Scholarship Available to Women Business Students
The Zonta Club of Corvallis is offering one $2,700 Jane M. Klausman Women in Business Scholarship to a woman undergraduate studying business. The winner is also eligible for district and national Klausman scholarships. Applications are due April 30, 2012.
2012 Young Women in Public Affairs Award Application
The Zonta Club of Corvallis is offering a $1,000 scholarship to pre-college women (age 16-20). Eligibility criteria include commitment to volunteerism, leadership, and dedication to the advancement of women. The deadline to apply is March 12, 2012.
The Zonta Club of Corvallis provided grants totaling $19,820 in 2011 to programs and agencies in Corvallis and Benton County
“As a 2011 grant recipient, Community Outreach would like to thank the Zonta Foundation of Corvallis for supporting us in providing Transitional Housing with wraparound services, including access to food banks and basic medical care, to our female clients, both adult women and young girls. We are especially grateful for Zonta’s generous support of our female clients during these difficult economic times. Thank you!”
Whitney Kelley
Grant Writer/Statistician
Community Outreach
January 11th marks Amelia Earhart Day
Golden Z Club at OSU hosted Candlelight Vigil January 11, 2012 as part of National Human Trafficking Awareness Day which also coincided with Amelia Earhart Day.
Zonta Service Foundation of Corvallis
Zonta Service Foundation Celebrates 20 Years
The Zonta Club of Corvallis celebrated the 20th anniversary of the Zonta Service Foundation of Corvallis at its evening meeting, January 18, 2011. The foundation was established by the club in January 1991 with seven charter members – club members Muriel Davis (first president of the foundation), Gretchen Morris, Ann Smart, Selma Starns, Janice Van Cura, and community members Les Boudreaux and Tony Van Vliet.
Penny Hardesty, current president of the Zonta Service Foundation, announced that as of May 31, 2010 the foundation had distributed more than $800,000 since its inception to support scholarships, community grants, and Zonta District and International service projects.
Scholarships are awarded to students at LBCC and OSU who are returning to school after a break in their education and entering careers to improve the status of women or children. This year, the club will award eleven $2,700 college scholarships and one partial scholarship along with the Jane Klausman Scholarship for a college student majoring in Business, and the Young Woman in Public Affairs Scholarship for a high school senior.
Candace Randall, an OSU senior in Honors Management and Finance and the 2010-11 recipient of the club’s Klausman Scholarship, also spoke at the evening meeting. After receiving the club’s scholarship last spring, she went on to win the district’s Klausman Scholarship and was one of 12 worldwide to be recognized with an International Klausman Scholarship.
501( c )(3) Non-Profit Status
The Zonta Service Foundation of Corvallis is a 501( c )(3) charitable organization designed to encourage donors to contribute resources to support service activities of the Zonta Club of Corvallis. The foundation allows contributors to give an outright gift to meet service needs and also receive the potential tax advantages of donating to a charitable organization.
Focus: Scholarships and Grants on behalf of Women and Girls
Since its inception, the majority of the Zonta Foundation’s activities have focused on providing scholarships to deserving Linn-Benton Community College and Oregon State Univeristy students. Scholarships are awarded to students who have undergone a major transition in their life and are returning to school. In addition, students must be pursuing a career that works to improve the status of women and/or children.
The Zonta Foundation also funds a variety of local, national, and international service projects including:
- Center Against Rape and Domestic Violence
- LBCC Benton Center GED Program
- LBCC Turning Point Transitions Program
- Parent Enhancement Program
- Boys and Girls Club of Corvallis; SMART Girls program
- Grace Center for Adult Services
- Old Mill Center for Children
- CASA–Voices for Children
- Saturday Academy
- TOUCH Project
- Benton Hospice Services
- Community Outreach
- Home Life
- OSU Women’s Center
- The Amelia Earhart Scholarship in Aerospace for Women
- Lester B. Person United World College in Victoria, BC
Donations to the Zonta Foundation of Corvallis
The Benefits… There are many potential benefits to donors based on their particular economic situation and the nature of the gift.
- Income Tax Deduction – For those who itemize deductions on their federal income tax return, an outright charitable gift is an income tax deduction.
- Capital Gains Tax – Avoidance In some situations, individuals who wish to gift property which is otherwise to be sold, has been held for more than a year and is worth more than its cost basis, may be able to avoid capital gains tax. This method combined with the savings to the income tax deduction may further reduce the net cost of the gift to the donor.
- Federal Estate Tax Reduction – This reduction may not be a direct benefit to the donor; a gift made now may reduce future value of an estate, thereby reducing the federal estate tax that may be due when the donor’s heirs inherit the estate.
Type of Gifts… There are a wide variety of gifts which a donor may give the foundation.
- Cash Gifts by Check – One of the most common methods is to make a contribution. This method potentially offers income tax savings and provides the foundation with immediate financial support. However, this may or may not be the most cost-effective method depending on the tax situation of the individual donor.
- Gift of Marketable Securities – Securities, which are marketable, have been held for more than one year and have appreciated in value are also frequently given as a charitable gift.
- Gifts of Closely Held Stock – The sole owner of a closely held corporation may find this to be an extremely effective method of gifting a charitable organization. Similar opportunities may exist for a major stockholder to reduce ownership without incurring capital gains.
- Gifts of Real Estate – Developed land or undeveloped properties when donated to an organization such as the Zonta Foundation are typically deductible at current fair market value.
- Life Insurance – Life insurance policies can be given to an appropriate organization as either a deferred or outright gift.
- Gifts of Tangible Personal Property – Gifts of personal property (art objects, antiques, etc.) can be donated to the foundation. If it is to be utilized by the foundation in a way related to the normal exempt status of the organization it can be deducted at its fair market value. However, if it is to be sold by the foundation, it can only be deducted at the donor’s cost rate.
The Most Effective Gift to the Zonta Service Foundation of Corvallis
An outright gift allows the donor an opportunity to participate in the important service work Zonta does on behalf of our local and international community. A gift can be made in your name, in honor of another individual to recognize an organization, or it can be done anonymously.
In order to make sure your gift is given in compliance with all state and federal laws, we strongly advise you to secure appropriate legal and financial consultation prior to making a gift.
One of our Board members would be happy to assist you in making an outright gift to further the service work of Zonta.
This information presented here is not intended as legal advice. For legal advice, please consult an attorney.