For good. For ever.
Advantages
Advantages of Using Your Community Foundation
- Tax savings Because the Community Foundation is a public charity and not a private foundation, donors can save on income, SBT and estate taxes.
- Flexibility Funds can be set up to meet your personal charitable objectives, regardless of what they are. To help you meet your own personal circumstances, Community Foundations also offer a wide variety of ways to fund your gift.
- Permanence Because it is permanently endowed, with only the interest income used for grants, your fund will provide a very special legacy and make a real difference in the quality of people's lives for generations to come.
- Local focus The Community Foundation has a proven commitment to provide community leadership. Our knowledgeable staff is very familiar with community organizations and needs, and our local governing boards are chosen for their community expertise and personal involvement.
- Recognition Funds can be named any way you wish, so it is a perfect memorial or recognition opportunity.
- Cost effective The Community Foundation gives you the ability to accomplish your charitable objectives at a very low cost and without all the burdensome administrative requirements of a private foundation.
- Maximum rate of return Funds are commingled for investment purposes, so the rate of return is often higher than if the individual funds were invested separately. Using the Community Foundation also provides for professional management of funds.
- Simplicity Funds are easy to establish and often can be set up in one meeting.
- Funds can never become obsolete If the original purpose of you fund becomes impossible, impractical or obsolete, then the Community Foundation’s board will redirect the fund to another purpose that reflects the donor’s original intent. For instance, if a fund had been established to help people suffering from polio, it might now be redirected to assist people with physical disabilities.
- You can be involved You can have as much, or as little, involvement as you want. You can also involve future generations of your family with the granting from the fund you established.
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