Choosing The Community Foundation
Ask yourself these questions:
- Do I have clients who care deeply about their local community?
- Do they currently volunteer or give to more than one charitable cause or organization?
- Do they have an interest in creating a personal or family legacy in their community?
- Are they considering the creation of a private or family foundation?
- Are they aware of the administrative complexity or expense of a private foundation?
- Would they enjoy being personally involved in deciding how the charitable dollars are used?
- Do they want or need to receive maximum tax advantage for their donation?
If you answered “yes” to any of these questions, you have clients who could benefit from the Community Foundation.
What’s different about the Community Foundation?
Funds at the Community Foundation can be created to support a wide variety of causes – from arts to education, animal welfare and environmental programs, human service needs – and organizations, focusing on whatever is important to the client.
Most not-for-profit organizations have a limited mission. Three features set the Foundation apart:
• Flexible, personalized giving – The Community Foundation can provide a convenient and economical way for your client to fulfill multiple charitable interests and contribute to the community in a variety of ways through a fund customized to their own personal ideals and values.
• Broad community perspective – The Community Foundation grants support the arts and culture, education, animal welfare and environmental programs, economic development, health and human services, recreation, scholarships, civic engagement, women and girls, and a wide variety of projects for youth and families. Not-for-profit agencies, school-based programs, faith-based programs, and governmental entities are all eligible to receive grants. This broad focus allows the Community Foundation to be responsive to a variety of needs and provide funding where it will have the greatest impact.
• Permanence – Gifts to a permanent endowment at the Community Foundation serve as a lasting source of philanthropic capital – permanent assets set aside for the good of this community. Endowment assets are professionally managed and carefully invested to protect the principal over the long-term. Part of the assets may be used annually for grant-making in a variety of areas throughout the community. Holding endowment assets in perpetuity enables the Foundation to address important issues and needs – through all economic conditions, regardless of the changes that may occur in the community over the years.