Advantages of Starting a Fund

Simplicity
Creating a charitable fund is an easy, low-cost alternative to forming and administering a private foundation, and requires minimal paperwork. We manage investments, process fund distributions and file appropriate tax returns.   Accomplishing your objectives is made simple by our expert and professional management of your fund.

 

Tax Benefits
Since we are recognized by the Internal Revenue Service as a public charity, contributions are eligible for the maximum tax benefits allowed by law. Receive an immediate tax deduction the year the gift is made without having to rush into decisions regarding the ultimate timing or beneficiary of your gifts.

 

Flexibility
We can accept a wide variety of gifts - including cash, stocks, real estate and other assets. We can help you create a fund that addresses virtually any charitable purpose. You can choose to receive public recognition or remain anonymous. You can make grants to a variety of organizations and add to any fund at any time.

 

Professional Management
Enjoy the advantages of having your Fund be part of an actively managed, diversified investment portfolio with professional staff available to answer questions, identify community needs and screen grant requests.

 

Community Impact
Donors can work with our professional community investment staff; we'll help you understand community needs, assess local organizations and direct gift dollars to high-impact areas.

 

Stability
Community Foundations are professional organizations that meet published standards of performance for investment practices, donor services, and grantmaking practices. Yearly auditing, public disclosure of all grant activities and careful selection of board members assure continued use of funds in the public interest as donors have determined.

 

Perpetuity
The Community Foundation staff is available to help you build a permanent legacy through your giving.  Endowed funds will serve your charitable interests now and for generations to come because the principal of the fund is never spent. An endowed fund lasts forever - a permanent testament to your compassion and a lasting resource for your community.