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Why should I give to and through the Community Foundation?
If you’re considering philanthropic alternatives, you may be looking at the differences between establishing a Donor Advised fund with the Area Foundation and starting your own private foundation. In weighing your options, it is important to consider these questions: - What kind of impact do you want to make with your philanthropic dollars?
- How will you decide the best use of your funds?
- How much involvement do you want in the day-to-day operations?
- How much administration and management do you wish to take on yourself?
- How much control do you want over the investment of the funds?
- What are the tax implications of a private foundation vs. a community foundation?
You can see the legal and financial differences between a private and community foundation on this simple comparison chart.
We make giving easy, flexible and effective, accepting a wide variety of gifts and providing donors the greatest flexibility. You can contribute cash, stocks, property and bequests. You may establish a Donor Advised fund, Unrestricted, Field of Interest, Designated or Scholarship fund in your name or in the name of a loved one. Your gift will gain maximum tax advantage.
One of the most valuable benefits of the Community Foundation is access to our staff. Our team works hard to stay attuned to community needs and the various nonprofits serving our community. Whatever your area of interest, we are very willing and able to help you find a cause you can support. Areas of giving we have supported in the past are varied, but always depend on our donors’ interests. We can help you make a real change in our hometown. We do the work – you get the thanks.
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