Instead, they are permanently invested to produce income. Donors like you may set up individual funds, in your own name or the name of a loved one, and have essentially as little or as much control as you wish in determining which charities benefit from your fund. Or, you may choose to contribute to a varitey of existing funds, set up to serve particular purposes. We also have a general endowment fund, which is distributed by the foundation to address needs and opportunities in our community as they change over time. A community foundation is governed by a local board of directors chosen for their knowledge of the community and designed to be representative of a broad cross-section of the community.
All contributions are tax deductible to the maximum amount allowable for gifts to a public charity.
Your gift to a community foundation is a gift for now and in the future. You may contribute in any amount to an existing fund. A Donor may contribute cash, stocks, bonds, or real estate, bequests, life insurance, or charitable remainder trusts. Each of these types of gifts has particular tax advantages to the donor when planning your estate. Often attorneys, financial planners and bankers utilize the community foundation vehicle to fulfill their client's wishes.