How to Contribute
Direct Contributions
If you would like to make an individual, corporate or credit union contribution, e-mail Executive Director Chris Beaumont for details. Individuals and entities making direct contributions by December each year will be recognized as Annual Fund Contributors.
ACH Contributions
The ACH Contribution Program supports the ongoing efforts of the Foundation. Through this program, the Foundation will initiate an ACH transaction for any amount specified by an individual to post to a checking or savings account on the 1st and/or 16th of each month. The individual designates the dollar amount and frequency of the transaction.
Click here for the ACH Contribution Authorization form.
The program works as follows:
- An individual wishing to make periodic contributions via ACH completes the ACH Contribution Authorization Form.
- Individuals have the option of contributing monthly or twice a month.
- ACH files will be transmitted with sufficient lead time to settle the transaction on the 1st and/or 16th, or the next business day if these dates fall on a weekend or holiday.
- The individual has the right to terminate this deduction at any time by providing written notification or email (chrisb@icul.org) to the Foundation.
- At the end of the year, individuals will receive a summary of contributions for the year that meets IRS requirements for tax purposes. The Foundation has been designated as a 501(c)(3) tax exempt organization by the IRS, so contributions are tax deductible for most individuals. Consult you tax advisor if there are any questions.
Community Investment Fund (CIF) or Charitable Donation Account (CDA)
Investments in these programs allow credit unions to share dividends or earnings with the Foundation. CIF deposits can be made at several corporate credit unions. CDAs are available through CUNA Mutual Group or MEMBERS Trust /company. Contact the
Executive Director for details.
The following table summarizes the contribution and recognition levels for the Indiana Credit Union Foundation Annual Campaign. Campaign season runs from January 1 to December 31 each year.
| Recognition Level |
Credit Unions |
Vendors |
Individuals |
| Direct Contributions |
|
|
|
| Cornerstone Society |
$1,000+ |
$2,500+ |
$400+ |
| Leadership Society |
$500-$999 |
$1,000-$2,499 |
$200-$299 |
| Partnership Society |
$100-$499 |
$500-$999 |
$200-$299 |
| Donor Society |
Less than $100 |
Less than $500 |
Less than $100 |
| |
|
|
|
|
|
|
|
| CIF Deposits |
|
|
|
| Cornerstone Society |
>= 1/4 of 1% of assets or $2,000,000 |
N/A |
N/A |
| Leadership Society |
1/10 of 1% up to 1/4 of 1% of assets or $1,000,000 |
N/A |
N/A |
| Partnership Society |
Up to 1/10 of 1% of assets |
N/A |
N/A |