The Community Foundation can assist you no matter what your charitable goals may be and we are able to help you meet those goals, regardless of your income.
Our donors receive quarterly reports that show fund balance, realized and unrealized gains, contributions made to the fund and grants paid from the fund. Donors may request their fund balance from the Foundation at any time. We can provide anonymity for donors who wish to be anonymous. Donors also receive newsletters and annual reports from the Community Foundation to keep them informed of the Foundation's work in the community.
Individuals and Families
The Foundation can provide you with the best options for managing your charitable giving. Whether you have a passion for a particular organization, want to support a certain field or need the flexibility to give to many different causes, we can provide options that fit your needs.
Gifts made to the Foundation are tax deductible up to 50 percent of a donor’s adjusted gross income for annual cash contributions or 30 percent for appreciated securities. Our investment gains are tax free allowing a higher percentage of the funds to be invested in the community. In contrast, donors to private foundations can only deduct up to 30 percent of their adjusted gross income for cash gifts and 20 percent for appreciated securities. Investment gains may also be taxed.
Families and Corporations
Our fund structure gives you an alternative to the cost and management of establishing a private foundation. The disadvantages of a private foundation — higher costs, ongoing administrative burdens, quarterly tax payments, mandatory payout rates and reduced tax benefits — are disproportionately higher for foundations with less than $5 million in assets.
Our long-term strategic approach to investing and rigorous oversight ensures our investment objectives are met. Services provided by the Foundation include financial reporting, investment management, grantmaking, philanthropic planning, scholarship design and overall administration of the foundation. By reducing the administrative costs, more money is available for grantmaking. And the fund can continue forever, creating a lasting legacy of philanthropy for your family or company.
The Foundation can assist you in creating funds that provide long-term operating or programming income. When you place your agency’s fund with the Community Foundation it becomes a part of our pool of funds, which is professionally managed using a diversified strategy. The Foundation's economies of scale offer an investment program that small and mid-size nonprofits simply cannot afford to duplicate without at least several million dollars in assets.
We can confidently handle planned gifts involving complex assets, gift annuities and trust arrangements. In addition, your organization benefits from exposure to our family of donors and fund advisors. We share your story with our local philanthropic community and encourage them to support your agency's vision. Overall, the work we do on your behalf reduces your administrative time, allowing your staff to focus on your mission.