Unrestricted gifts are pooled and managed by the Board of Directors to respond to the greatest needs and provide the most effective assistance. We expect that most gifts will fall into this category.

Restricted gifts designated for a particular purpose, interest, or organization are administered in accordance with the donors’ wishes.

Bequests made to the Foundation may be unrestricted or restricted in nature.

All donations are tax deductible.

An individual contemplating a gift to the Foundation should seek the advice of his or her attorney or tax advisor. Gifts to the Foundation will receive the same able management, the same continuity of administration, and the same kind of research and oversight as a large trust fund would provide. The Foundation will monitor the changing needs of the community and adapt its grants accordingly. The Killingworth Foundation is the ideal trustee of a scholarship for study in a specific field but not limited to a particular school. The Foundation will accept applications from prospective students and make grants to the institutions the students choose to attend. If you wish to bequeath a portion of your assets for the general benefit of the people of Killingworth, The Killingworth Foundation offers the ideal vehicle to carry out your intentions in perpetuity. If the purpose designated by a donor becomes impractical or impossible to fulfill, the Directors will allocate the funds to a similar but current public use. Certainly. Although most donors to the Foundation will probably make unrestricted gifts, the Foundation welcomes contributions dedicated to local organizations and will exercise due diligence in distributing those funds. No. The Killingworth Foundation will enhance public support for these agencies, and agencies that currently bear the burden of managing small funds can arrange to have those funds administered by the Foundation.