Community foundations monitor community needs and oversee the work paid for by grants to make sure that your dollars continue to be spent wisely. Permanence Community foundations hold endowment funds in perpetuity. They are caretakers of funds that will outlast donors, staff and boards. Community foundations frequently place the gifts they receive into the care of professional investment managers to insure growth and security. Convenience It can take less than an hour to create a fund with a community foundation.
Donors can name funds to honor family and friends or remain anonymous.
The foundation monitors the investments, helps donors select groups to support, pays our grant income and handles other administrative work. The community foundation's professional staff can provide detailed information and guidance on a variety of tax and estate planning and deferred giving options. Contributions to community foundations maximize current and long-term tax savings. Gifts can include cash contributions, marketable securities, IRA's, life insurance policies, charitable trusts and bequests.