The Community Foundation offers a Donor
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. Recommended grants
must be in the amount of $500 or more. There is a one-time
fee of 2 percent. The gift is immediately tax deductible
upon receipt, but the donor may determine the schedule
for giving.
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.
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