Starting a Donor-Advised
Gift Fund
Gift Fund
The Community Foundation offers a Dono-Advised Gift Fund, which offers donors the same services of the Foundation as a Donor-Advised Endowed Fund, but also allows donors to spend these funds down to zero, if they wish.
With a Donor-Advised Gift Fund, you will receive the following:
- An immediate tax deduction;
- The assistance of The
Community Foundation's staff and their knowledge
of the community, to work with you and your family,
if you would like;
- An opportunity to spend down the
fund with recommended grants to nonprofit organizations
on an ongoing basis, on your schedule;
- Fees that stay in the community
to help local nonprofits;
- Regular educational briefings, if
you choose to attend, highlighting community trends
and needs;
- Anonymity or recognition for your
charitable work - you decide;
- No capital gains taxes on gifts
of long-term appreciated securities;
- The chance to make a difference!
In order to establish a Gift Fund, you would
need to contribute a minimum of $25,000 in cash or securities,
and complete a Donor-Advised Gift Fund Agreement. There is a one-time
charge of 2.00% on each contribution into the fund.
The gift is immediately tax deductible upon receipt,
but the donor may recommend the schedule for giving.
Recommended grants must be in the amount of $500 or
more.
A sheet detailing the differences
among a Donor-Advised Endowment Fund, a Donor Advised
Gift Fund, and a Donor Advised Impact Fund is available.
Please send us e-mail at info@commfound.org
or call The Community Foundation office at 303-442-0436
(toll free: 1-877-744-7239) if you have questions.
