Benefits of Giving Through the Community Foundation.
The Community Foundation is a qualified, recognized 501 (c)(3) organization under IRS guidelines. Contributions to The Community Foundation qualify for maximum income, gift and estate tax deductions. We can receive many types of assets, and will work with your advisors to incorporate your charitable wishes into an estate or financial plan. Professionalism and experience in investments and grantmaking assure maximum impact on community needs now and in the future.
Each fund is maintained separately, but pooling funds for investment and administration increases efficiency. We write and mail grant checks, verify an organization’s deductibility status, monitor results, and handle reporting, legal and audit requirements. When compared to establishing and administering a private foundation, The Community Foundation offers increased flexibility and deductibility for gifts. It can take less than fifteen minutes to create a fund with the Community Foundation, and continuing a working relationship remains easy after the fund is established.
A new fund can be established with a simple agreement, usually in one meeting. Almost any type of charitable giving can be accomplished through a fund at The Community Foundation, whether you want to support a specific organization or a broad range of interests. Grants can be made to any 501(c)(3) nonprofit organization in the name of your fund or anonymously. Unlike establishing and maintaining a private foundation, a fund at the Community Foundation does not have the same IRS compliance, administrative and distribution requirements. Many people have found working with the Community Foundation is the easiest and most convenient way to manage their charitable giving.
The Community Foundation’s staff knows our South Georgia Community, its needs and its assets. The Foundation staff works closely with hundreds of nonprofits to improve community life and address challenges. They are available to share this knowledge and help customize a giving program that is rewarding for donors and meaningful for the community.
The Community Foundation is managed by a professional staff and active board of volunteers who are charged with the stewardship of each donor’s charitable intent and the public interest. We make a full accounting to the community on a regular basis through comprehensive reports certified by independent auditors and advisors. We guarantee sound administration. Endowment funds are managed so that gifts made today will provide benefits to our region for years to come. A gift to the Community Foundation can benefit the community in perpetuity if you desire. Donors can be confident that these gifts will always be available to meet the changing needs of their community.
You may choose to receive recognition for your giving or remain completely anonymous.
Interested in setting up a Donor Advised Fund? Call us and we’ll tell you more!
(888) 544.2317 – Toll-Free
114 W. Jackson Street
Thomasville, GA 31792