TRAER – The Traer Community Foundation board members are pleased to announce they are now accepting grant applications from non-profit Traer area groups, for the 2025-grant program.

Foundation board members include chairman Pete Holden, Traer City Council; vice chairman Taylor Howard, North Tama County Community School; Brian Frisbie, Kubik-Finch American Legion Post of Traer; Angie Jacobs, Farmers Savings Bank & Trust; and Tracey Hulme, Traer Chamber of Commerce. The Farmers Savings Bank & Trust serves as Trustee.

Application forms may be picked up at the Farmers Savings Bank & Trust or through www.fsb-traer.com.

Recipients of last year’s grants are reminded that before any further grant applications are considered, documentation must be provided to the Foundation Board on how past grants were used.

Grant applications are due to Farmers Savings Bank & Trust by 5 p.m. on Friday, April 25,2025. Applicants must provide seven copies of the application.

The Traer Community Foundation has been actively contributing to the Traer community

since 1991. Since that time, the Foundation has provided more than $1,109,878.97 to non-profit organizations, community projects and scholarships.

The Traer Community Foundation is constantly in search of contributions, as these

contributions provide most of the funds available to worthy grant projects. One hundred percent

of your tax-deductible contribution is used for the betterment of the Traer community.

There are many ways to donate a tax-exempt gift including:

-Cash or check payable to the Traer Community Foundation in care of Farmers Savings Bank

& Trust, PO Box 435, Traer, IA 50675.

-Appreciated securities, which carry two benefits that cash gifts do not. You eliminate capital

gains tax when you contribute the securiles, and you are allowed an income tax deduction

based on the securities’ fair market value on the date of the gift. Securities may be delivered

to Farmers Savings Bank & Trust

-Real estate, which holds tax advantages if it is a long term appreciated holding. The board

recommends consulting with an attorney when considering a real estate gift.

If you wish to extend your gift over time, you might want to consider multi-year pledges – such a pledge can help you to make a larger Foundation gift than you might have thought possible. You may make your pledge payments with cash, check or appreciated securities.

Deferred gifts for making a future donation might include:

-Life insurance policies can be purchased, and the Foundation is named the beneficiary. Annual life insurance premiums are tax-deductible.

-Specific or contingent bequests in your will.

-Charitable remainder trusts, which lets you enjoy income from the gift during your lifetime.

Gifts can be made publicly or anonymously, and the contributor may designate how the gift

can be spent

Your tax-deductible contribution to the Traer Community Foundation can be made by contacting Farmers Savings Bank & Trust at 319.478-2148.