Each one of us has the potential to do something amazing in our community. In its simplest definition, philanthropy means “for the love of humanity.” Whether investing in time, talents or treasures, each of us can be a philanthropist.
What is the best way to meet your charitable goals? The Community Foundation strives to…
CREATE a philanthropic community where giving back comes naturally
CONNECT leadership and resources to protect and propel our community
CAPITALIZE funding causes that are important to our community
Why Use a Community Foundation?
Giving through the Community Foundation offers donors:
Flexibility: With a wide array charitable causes in our community, we are sure to find a match to your interests and priorities.
Tax Benefits: The Community Foundation is a public charity under Federal tax law. Gifts to the Foundation made during a donor’s lifetime may result in important tax advantages. Bequests help save on income and estate taxes and helps reduce/eliminate capital gains tax.
Permanence: We oversee donors’ funds in perpetuity, ensuring they are used exactly as intended.
Personalized Service: Knowledgeable, professional staff provide prompt attention to donor needs.
Community Connection: The Foundation is the foremost resource for donors about local nonprofit organizations and community needs. Donors stay connected to their gift, their family and their favorite charities.
Professional Management: Investments are overseen by experienced board and committee members as well as financial advisors chosen for their experience in financial management, relieving the donor of that burden.
Cost-Effectiveness: Combining individual funds, keeps administrative and investment costs low. Donors benefit from economies of scale for investment and administration.
Recognition: Funds established in the names of donors or loved ones create permanent connections with the community. If so desired, those wishing to remain anonymous have their wishes well respected as well.
Create A Fund
Contact us about tailoring the perfect charitable plan for you. The process from there is simple: If desired by donors, an investment professional will assist the Community Foundation in establishing a Fund. It is important to have donors identify the type of Fund desired.
If the Funds established are Donor Advised, the name(s) of the eligible advisor(s) should be indicated.
If the Funds are Designated Agency Funds, the donors should name the benefiting charities.
If they are Endowments or Scholarships additional clarifying information may be needed at the discretion of the donor so that specific charitable objectives are met.
The donor makes an irrevocable gift to the Foundation to create the Fund.
The Community Foundation begins serving the donors’ charitable objectives.
FEES – For all Funds housed within the Community Foundation, we have a modest annual fund fee – 1% of total fund balance.
Choose the fund type that best meets your needs:
DESIGNATED AGENCY FUNDS – A charitable giving vehicle administered by the Foundation and created for managing gifts. Donors may receive an immediate tax benefit and award grants from the fund over time. Donors also have the ability to remain anonymous if they choose.
DONOR-ADVISED FUNDS – Donors may periodically recommend to the foundation a distribution be made to a specific nonprofit organization. These are especially suited to donors with a variety of charitable interests and a desire to be involved with philanthropy. They are an attractive alternative to establishing a private foundation, which is typically less efficient and more costly. Corporations often partner with Community Foundations to streamline the administrative cost of corporate giving.
ENDOWMENTS (Agency or individual) – Donors and agencies have the opportunity to fund areas of needs in perpetuity. Endowments allow the organization to access the earnings of the fund on an annual basis while preserving the core investment for the future.
SCHOLARSHIP PROGRAMS – which allows donors to create new scholarships in memory of loved ones without the complexity and expense of having to establish and administer each scholarship separately. We accept donations of any size to support existing scholarship funds, including our general scholarship program, but we ask donors interested in establishing new scholarship funds to seek our assistance in designing the new funds.
DESIGNATED AGENCY PASS-THROUGH FUNDS – These gifts, typically for a capital campaign, allow donors the convenience of one donation while providing agencies the ability to maximize earnings while still having access to liquid assets.
Ways To Give
There are numerous ways the Community Foundation can assist you with your giving. Whether you want to make a one-time donation or establish a permanent charitable legacy, virtually an asset can be used to make an impact.
Retirement Plan Assets
Give to Existing Funds
Perhaps you don’t want to create your own Fund. We have a list of existing Funds to which we welcome contributions. To make a donation to any of these Funds, please visit our “Give Through Us” page and enter the name of the Fund in the comments box.