   |
Funds One-on-one consulting is provided by professional and local staff to assist:
v Donors and their families to create a charitable legacy v Professional advisors on complex estate planning issues v Local nonprofit organizations in building their endowment programs and assisting with complex planned gifts v Agencies and businesses in administering civic projects and special programs Family Philanthropy Individuals and their families use our services to carry out their charitable giving in a number of ways. We provide donor anonymity when requested and can assist in solving many tax issues.
We provide a number of different fund options which best suit the intent and needs of the donor (link to Services). Our Donor Advised Funds, for example, (link to How to Set up a Fund) are an intelligent, efficient alternative to creating a private foundation. We assume responsibility for directing a donor’s philanthropic activity only to valid 501(c)(3) charitable organizations in good standing. Donor Services
v Developing a legacy plan v Defining a grantmaking mission and specific areas of support v Developing a strategic grantmaking plan and spending policy v Researching nonprofits v Facilitating meetings among family members v Arranging nonprofit site visits
Community Endowments (link to Community Endowments) Nonprofit organizations (link to Services) utilize our services to set-up endowment funds and facilitate receipt of complex gifts such as real estate, charitable gift annuities and remainder trusts to name a few. Nonprofit Services v Assessment of needs v Information and expertise v Presentations to boards, staff and individuals v Review and critique of plans and professional handouts v Set goals and determine policies v Endowment building v Complex estate planning consultation on gifts of real estate, stocks and bonds v Establishment of charitable gift plans v Assistance in facilitating receipt of complex gifts such as real estate, charitable gift annuities and remainder trusts to establish permanent endowments. Strategic Partnerships Working together with agencies, businesses and professional advisors (link to Professional Advisors), we serve as a fiscal agent to administer and manage charitable gifts from individuals, businesses and government agencies on field of interest funds or community benefit funds (link to Community Benefit Funds), Agency and Business Services include: v Administrative Management of invested program funds v Program review and analysis v Review of documents v Acknowledgement of gifts v Outreach to prospective partners or donors Services Grants We also make grants (link to Grants) to critical, new and emerging needs that strengthen nonprofit programs and benefit our community.
Creating a Fund Individuals, companies and private foundations can establish a new fund with a fully tax-deductible contribution of $20,000 or more. Assets accepted to create a fund include: cash, securities traded on major exchanges, closely held stock, mutual fund shares, retirement plan assets, real estate, and limited partnerships. For further information (link – How to Set Up a Fund).
TYPES OF FUNDS Funds can be tailored to meet a donor’s charitable interests and financial circumstances. You can depend on the Community Foundation to help you make the gift of your choice or to fulfill your wishes. Agency Fund Designed for nonprofit organizations who wish to set up a fund for a specific purpose (detail). Discretionary Fund By making an unrestricted gift to the Community Foundation, you’ve essentially hired experts to direct your gifts in Donor Advised Funds Allows individuals to donate cash, stock, or other assets to special accounts and claim an immediate, full tax deduction for their contributions. Donors can parcel out grants from these accounts over time, recommending the charitable organization or Community Benefit Fund of their choice. Donor Advised Funds are an intelligent, efficient alternative to creating a private foundation. Endowment Fund A sum of money or pool of assets such as stock or property invested for the long term to provide a current source of income from the compounded effect of interest, dividends or capital appreciation. Endowments have a more significant impact over a long period of time because the principal remains intact. Endowments are designed to last forever. Field of Interest Fund Direct your gift as narrowly or broadly as you choose. Whether your interest is in fostering the arts or providing support to children of low-income families, Legacy Fund Restricted, field of interest, unrestricted – one person, or one family in perpetuity may create a legacy fund as an alternative to a family foundation. Restricted Fund The income from your current gift or bequest can be sent to the charities of your choice specifying the amounts to each. Grants are then distributed annually from the fund. Scholarship Fund Created by the criteria specified by the donor, scholarship funds often provide opportunities for donors to participate in the selection process if desired and can be designated for any level of education specified.
|
