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The flexibility of the Community Foundation
enables you, as the donor, to bridge
generations with your charitable gifts.
The Community Foundation can manage a fund
so that your charitable wishes will be
honored both today and decades from now,
regardless of changes among local
organizations.
You may name your fund, establish a fund in
anonymity, make your gift to the
unrestricted endowment or choose a field of
interest. You may even designate
specific organizations as recipients.
Your fund will be invested for long-term
results and enjoy advantageous tax
treatment.
Many people build their funds over several
years, timing contributions to fit their
personal and financial plans. You may
wish to start a fund with an initial
outright gift of cash, securities, or other
marketable assets, supplementing it later
with additional gifts and/or through a life
income plan or bequest.
Even if your current concerns are resolved
over time, or the organization you designate
dissolves, your endowment funds will still
be useful 200 years from now. The
Foundation will direct your fund's resources
to another important need that reflects your
interest.
Interested in establishing a fund?
Please contact Gary Byrne, Executive
Director or Paul Levy, Director of
Development at (831) 630-1924.
Unrestricted Endowments are held in
perpetuity, producing annual income that is
used to meet community
priorities as they arise. Funds are
awarded to organizations throughout the
Foundation's grants program.
Benefits include:
Held in perpetuity.
Grants accommodate changing community needs
over time, ensuring positive impact for
generations.
Anonymity or recognition, as desired, by
donor.
Annual distributions are made from
Donor Advised Endowment Fund based on the
advice from the donor. This type of
fund allows donors to retain the right to
suggest specific projects in any field of
interest while avoiding the administrative
complexities of a private foundation. Benefits include:
Donors retain the right to suggest specific
projects in their field of interest.
More control over application of funds.
Avoid administrative and tax complexities of
a private foundation.
Scholarship Funds honor or memorialize an
individual or family, or serve a specific
purpose that is important to the donor.
Scholarships enable students to pursue
traditional higher education or vocational training.
Benefits
include:
Income provides annual scholarships forever.
Fund can honor or memorialize an individual
or family.
Nonprofit organizations establish agency
endowments that are held and managed by the
Foundation. Earnings on the funds are
distributed to the nonprofits each,
providing them with a permanent source of
income. Benefits
include:
Earnings are distributed to the nonprofit
each year, providing a permanent source of
income.
Funds are invested as part of a larger pool,
thereby earning greater returns.
Offload administrative headaches of
investing and managing the funds themselves.
Field of Interest funds allow donors to
support broad areas such as
youth, seniors, the arts, education,
environmental causes, and others. Benefits
include:
Annual income supports the community's most
pressing needs in the donor's specified
field of interest.
Donations are pooled from many donors to
enable maximum impact in a specific field of
interest.
Donor Advised Pass-Through funds enable
donors to give a specific amount of money to
their favorite charities through the
Community Foundation. Benefits
include:
Favorable tax treatment.
Funds may be directed by the donor, but
donated anonymously through the Community
Foundation.
Funds may be directed to multiple
organizations.
Family Heritage Endowment funds are
philanthropic vehicles providing the
greatest flexibility including freedom from
administrative details and maximum tax
deductions. Benefits
include:
Family recommended charitable giving.
A legacy for the community.
Find out more about Family Heritage Funds by
watching the informational video below.
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