Donors have different values, goals and areas of interest. We can be your partners in philanthropy planning. This resource may be helpful in laying out your thinking.
A community foundation is a charitable organization created by and for a community of people. Community foundations are leaders in promoting and encouraging philanthropy and in addressing issues that improve the quality of life in a specific geographic area. Unlike other foundations with assets coming from a single source and a purpose defined by a family or business, a community foundation holds a variety of funds received from civic-minded people to meet a wide range of community needs now and in the future.
Yes, the foundation is a 501 (c)(3) organization. Outright gifts to the foundation generate a full income-tax charitable deduction. Outright gifts of long-term appreciated securities are deductible at fair market value, with no recognition of capital gains — a great tax benefit!
A community foundation offers those who wish to give back the opportunity to establish a charitable fund that achieves a positive impact. Our different funds can help you support the causes you care about most without having to manage the complexities of setting up your own foundation. We offer local knowledge, personal service, flexibility, tax advantages, long-term stability, convenience, credibility, and expertise in investment management and grantmaking. We provide the security that the donor, or the person in whose name the fund is established, will be honored forever.
If you want to create a meaningful legacy for yourself and family, consider establishing a fund with us. Learn More.
Our staff can work with you to develop a philanthropic blue print that is tailored to your situation and priorities. We can help you decide if / when to set up a fund, leave a bequest, or use more than one option. In addition, we can consult with you / your financial advisor about which kinds of assets align with your vision.
Let us be your resource in realizing your philanthropic goals. Contact Monika Collins.
We welcome the opportunity to work with families! If you wish to establish a fund there are many ways to involve your children and grandchildren. Our philanthropic services staff will be happy to work with you to explore opportunities and create a plan with you.
Read more about our investments here, or contact our CFO, Laura DeFlavia to learn more.
An endowment fund is a permanent, self-sustaining source of funding. Endowment assets are invested. Each year, a portion of the value of the fund is paid out to support the fund’s purpose, and any additional earnings are reinvested. In this way, an endowment fund can grow and provide support for its designated purpose forever. When you establish an endowment fund, you establish your legacy.
In most cases, you can support any charitable cause or organization you choose — in Delaware County or around the world –– through an endowed fund. Many types of endowed funds exist, including donor advised, scholarship and designated funds.
When you put charitable dollars in an endowed fund, they grow with the market, like any investment. Over the past five years, the foundation’s portfolio has consistently outperformed the benchmark against which we measure ourselves.
You can create an endowed fund with just $10,000 and a signed fund agreement (Scholarship funds require $50,000). Our goal is to help you create a customized plan to achieve your unique charitable goals, realize tax benefits, and maximize impact.
Yes, we work very closely with our clients’ advisors and often partner for the long term. We always recommend that you consult your professional advisor for any planned gift to determine the best option. We are happy to be a philanthropic partner working with you and your advisor. Learn more about how we work with professional advisors.
Please email Monika Collins, VP for Advancement & Philanthropic Services or call her at 610-744-1015 to learn more.