A public foundation through which donors from throughout the community provide dollars for grantmaking, now and in the future. TCF is a charitable organization under the tax code and invites public support of its operating costs. However, our primary role is to encourage and administer philanthropy to benefit effective programming and projects throughout the community. People give through TCF to the community. Most of TCF's funds are endowments, which are created when a gift is made one year, invested, and the income earned is used in future years for grantmaking and to continually build the fund.
Donors realize a tax benefit the year the gift is made.
United Way provides essential assistance and dollars for current needs of human service organizations, while TCF works with donors to provide long-term support for any charitable purpose, including the arts, education and the environment. The two organizations cooperate to address community needs and opportunities. If a donor wants broader oversight and long-term benefits for a charity or a cause, he or she may set up an endowment at TCF managed to benefit one or more specific charities or charitable causes, forever. TCF provides a variety of administrative services to donors, including investment management, gift acceptance and receipt, and filing of tax and legal documents. There are more than 200 funds to choose from.