THE COMMUNITY FOUNDATION of Greater Decatur
Several different types of funds can be established to support your planned giving goals. The Foundation works with you and your advisor to design a grant-making fund that meets your specific philanthropic interests.
Donors can establish a grant-making fund during their lifetimes or through a will or deferred gift that can benefit the community through the Foundation. Tax deductions are earned at the time of the gift while grants from the fund can continue to be made in the future.
This fund is ideal for individuals, families or groups who want to work with the Foundation on a tailored grant-making program. Donors may serve as advisors and may designate other individuals to serve in this capacity as well. They may recommend how the grants will be distributed to qualified charities in our area or anywhere within the United States.
Endow a college scholarship to help local students in our service area. We will work with you on the details to ensure students from the school or system you designate have a chance at a higher education.
This endowment fund provides grants in support of the greatest needs in our area as determined by the Foundation Board.
The field of interest fund allows you to designate one or more broad areas of interest such as education, the environment, or youth services, yet the specific awarding of grants is left to the Foundation board of directors. The flexibility of this fund allows your gift to continue toward an area of interest as specific charities within that area change over time.
Nonprofit organizations may transfer assets to establish designated funds, benefiting from the Foundation’s administrative services, investment management and permanence. This fund allows the contributing organization to focus on its primary charitable mission rather than to invest its time and efforts toward the management of a fund.
Businesses may organize their charitable giving programs through the Foundation to increase the impact of their charitable giving and to eliminate costs involved with managing an in-house fund.
By setting up a fund, you have the ideal opportunity to create a legacy for yourself and for our community.
• Securities - Both Closely Held Stocks & Publicly Traded Stocks
• Bequest Through a Will or Trust
• IRA or Qualified Retirement Plan
• Life Insurance
• Charitable Remainder Trusts
You should consult with your attorney, accountant, trust officer or financial advisor on the most advantageous type of asset and timing of giving a gift to best meet your charitable and personal goals.