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October 2022
Background: St. Maries High School - Caption: Paul Bunyan statue outside of St. Maries High School – home of the Lumberjacks!
President's Letter

Last week, our North Idaho Philanthropic Advisor Peter Faucher and I traveled through the region visiting with ICF fundholders, grantees, board and past board directors, and Regional Council members. 

Our first stop was in Plummer to spend some time at Marimn Health, which is the health center of the Coeur d’Alene Tribe. In the language of the Tribe, Marimn means “to heal.”  We met with Janice Jordan, the CEO of Marimn Health, who has been in her current role for 6 months.

One of her first accomplishments was to help everyone realize that Marimn Health has expanded beyond the medical center to include a behavioral health center, recreation center, a Boys & Girls Club and more. In order to reflect all of the parts of Marimn Health, Janice worked with many members of the community to craft a very powerful new mission statement: “To preserve the future of the Coeur d’Alene Tribe.”  

In St. Maries, we had dinner with North Regional Council Member Peg Carver and her husband Tom, who is the mayor.  It is always so wonderful to spend time with people who are so passionate about their town. Regional Council members like Peg are our eyes and ears in communities of all sizes throughout Idaho. They help us understand the needs where they live and which community organizations are making an impact.  

Our next stop was Lewiston where we met with John McCabe, the Treasurer of Stepping Stones, an ICF fundholder. Stepping Stones was started by former ICF Board Director Gerard Connelly with a goal to promote the health, security, happiness and independence of people with disabling conditions. They have given more than $300,000 in grants from their ICF fund to organizations that serve people with disabilities in Latah County and Whitman County, Washington.

While in Lewiston, we had the privilege of spending time with ICF Board Member and Idaho State Representative Lori McCann and her husband, former ICF Board Member Bill McCann, two pillars of the community. 

In Coeur d’Alene, we visited ICF fundholder and grantee, the Museum of North Idaho, and also saw the great progress being made on the construction of Rotary Park in downtown Coeur d’Alene. The Coeur d’Alene Rotary Club is an ICF fundholder. 

We met with Dr. Nick Swayne, the new President of North Idaho College, an ICF grantee.  Dr. Swayne is a proud U of I grad and is thrilled to be back in Idaho after a long tenure at James Madison University in Virginia. 

As I reflected on my visit, I realized I have now had ICF meetings in 24 of the 44 counties. If you’ve got a story to share from your Idaho community, please reach out to me. Thank you to Peter for all his work in putting together a great week!

Best wishes,

Background: ICF Office - Caption: We're hiring! Vice President Philanthropy and Impact

We’re looking for an experienced leader to join our team who loves Idaho and wants to make a difference for the people who live here. The Vice President of Philanthropy and Impact is responsible for developing and implementing strategies to support the Idaho Community Foundation’s goals to Grow Assets, Increase Impact and Raise Visibility.

The VPPI will weave together a comprehensive plan to integrate development initiatives, donor services, grantmaking, communications and marketing. This position will be based in the Boise office.

More information about the VPPI position.
Background: Person holding hands on head over computer - Caption: Inherited IRAs: Big headache or big opportunity?

If you or someone you know recently inherited an IRA, there might be some confusion over the updated distribution rules, which changed a few years ago. 

What’s the back story?
Until the law changed a few years ago, if you were named as the beneficiary of a parent’s IRA, for example, you could count on a relatively straightforward and tax-savvy method of withdrawals called the “stretch IRA.” With the passage of the SECURE Act, that changed for anyone who inherited an IRA after December 31, 2019. Instead of taking distributions over your lifetime, you now need to withdraw the entire inherited IRA account within a 10-year period as calculated under the law. 

What’s the problem now?
We’ve all had time to adjust to the new IRS rules, right? Wrong. Unfortunately, the IRS rules are, at the moment, clear as mud. Concern escalated when the IRS issued proposed (but not yet final) regulations earlier this year.

Specifically, some non-spouse beneficiaries of an inherited IRA may not be able to wait until the 10-year post-inheritance mark to fully withdraw the funds in a lump sum, but instead, according to the proposed regulations, must begin taking annual distributions immediately following the inheritance and throughout the 10-year period during which all funds must be withdrawn. This is a hard pill to swallow for people who were counting on years of additional tax-free growth and who hoped to defer an income tax hit until a lower-income year.

A charitable giving opportunity?
Fortunately, an inherited IRA presents a golden opportunity to donate to a qualified charity, including certain types of funds at the Idaho Community Foundation.

The IRS permits taxpayers to take Required Minimum Distributions (RMDs) from inherited IRAs and use them to make Qualified Charitable Distributions (QCDs). The QCD is not reported as taxable income because it goes straight to charity. This option could be a welcome relief if you are facing the more stringent proposed IRS regulations governing the payout requirements for inherited IRAs.

Please contact us if you have questions about how you can use your IRA or an inherited IRA to support your favorite charitable causes. We’d be glad to help.
Background: Group of people at an outdoor event - Caption: None.
Celebrating philanthropy with the Women's Gift Alliance

We had a great time at the Women’s Gift Alliance Fall Dinner last month in Coeur d’Alene. Safe Passage Violence Prevention Center, Safety Net Inland NW and Tesh, Inc., each provided updates about how their $25,000 grant from the WGA has supported their efforts in the community this year.

Spokane-based Innovia Foundation gave a terrific keynote about the significant difference that can be made in communities by designating a small percentage of a will or estate plan to create a charitable giving fund through a community foundation.

The WGA is a women’s giving circle that was founded in 2004 and has provided more than $1.5 million in grants to community organizations. The Idaho Community Foundation assists the WGA’s philanthropy by collecting members’ dues, investing endowed funds and distributing grants.

We also assist the Wood River Women’s Foundation in Blaine County and the Women’s Giving Connection of Southern Idaho in the Magic Valley.

The concept of women’s giving circles is simple, but powerful. Each woman in the group pays an annual membership fee, most of which goes toward a pooled grant. The group gathers to select which organizations in their community should receive grants. As more members join, the grants grow larger.

We are proud of our partnership with Idaho’s women’s giving circles!
Background: High Desert Landscape with Walking Path - Caption: Ifft Fund in ICF announces grantees Background: Solid light blue color - Caption: We (heart) ICF Members

Grants totaling more than $52,000 for landscaping, beautification and public recreation were awarded in Bannock, Bingham, Caribou and Power counties through the Ifft Foundation Fund in the Idaho Community Foundation.

The Ifft Fund was established at the community foundation by Nick Ifft, the former publisher of the Idaho State Journal newspaper in Pocatello, and his wife Sara Ifft. Nick died in 2003 and Sara passed away in 2017. Their fund has granted more than $2 million since 2001. 

Recipients are:
Grace Joint School District #148 (Caribou County) – $8,625 to plant 30 trees around the new elementary school.

PCHD Foundation, Inc. (Power County) – $10,000 to beautify the outdoor areas of Power County Hospital District.

Portneuf Greenway Foundation (Bannock County) – $10,000 to build a ramp improving access to the amphitheater at the Edson Fichter Nature Area in partnership with the Idaho Department of Fish and Game.

Portneuf Resource Council Inc (Bannock County) – $3,500 to establish a diversity of native shrubs and plants at the Edson Fichter Nature Area in Pocatello.

Portneuf Valley Partners, Inc. (Bannock County) – $10,000 to beautify, provide shade and add natural elements to central downtown Pocatello near the intersections of South Garfield and South Arthur with Center Street and Lewis Street.

Wapello Elementary School (Bingham County) – $10,000 to develop a beautiful and functioning landscape with a secure school yard for the Wapello School students.

A membership in the Idaho Community Foundation is a great way to show you care about our state and the people who live here.

Hundreds of Idahoans are members of ICF. This network is our eyes and ears in every community – helping us understand the needs where they live and which people and organizations are making an impact.

Your membership supports our work as we respond to Idaho’s greatest needs through grantmaking, partnerships and more. You can join us or renew your membership online. Thank you!

Background: None - Caption: Upcoming Deadlines Honors & Memorials

Bistline Fund deadline is November 1
The F.M., Anne G., and Beverly B. Bistline Foundation Fund in ICF is accepting applications for projects related to the arts in the southeast Idaho counties of Bannock, Bingham, Bear Lake, Caribou, Franklin, Oneida and Power. Grants may fall under two categories:

  1. Supporting arts activities that will provide entertainment or art-related education to the general public; or
  2. Supporting the education, skills training, performance or display opportunities for local artists.

The Bistline Foundation was founded by Beverly Bistline of Pocatello to pay special tribute to her parents and their commitment to the arts, as well as to further her own support within the field. She passed away in October 2010 and her foundation became an ICF fund in 2011.

Deadline to apply is November 1.

Additional information, including eligibility and application. Other questions? Please send us an email.

The Idaho Community Foundation recognizes gifts made as memorials to those who have passed or as a tribute to honor someone. Memorial and honor donations can be made on our website, by check or by transfer from a bank, brokerage account, IRA, etc. When possible, gifts received from IRAs, donor advised funds, etc. will recognize the name of the person who requested the donation.

The following gifts were received since our last newsletter:
In Memory of Kathryn Agee
Susan Brown

In Memory of Shirley Atteberry
John Henry Zeiter

In Memory of Marilyn Bauman
Patsy Lodge

In Memory of Gene Baxter
Patsy Lodge

In Memory of Braden Caldwell
Bill “Action” and Jackie Jackson

In Memory of Morton Cook
Bill “Action” and Jackie Jackson

In Memory of Christopher Davidson
Ronald Graves and Diane Plastino Graves

In Memory of Loes Jellema
Bill “Action” and Jackie Jackson

In Memory of Butch Low
Kevin Graham and Mary Miyaya
Vickie Sigman

In Memory of John Miller
Ellen Fraundorf

In Memory of Maria Pham Thi Nhu Mai
Bill “Action” and Jackie Jackson

In Memory of Joe Simunich
Mark Jaszkowski

In Memory of Elizabeth Stoorza
Susan Brown

In Memory of Richard Symms
Patsy Lodge

In Memory of Jerry Timm
Ray and Linda Stark

In Memory of Henry Warner
Bill “Action” and Jackie Jackson

In Memory of Thomas Williams
Bill “Action” and Jackie Jackson

In Memory of Eric Winans
Bill “Action” and Jackie Jackson

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Phone: 208.342.3535  |  Email: info@idahocf.org