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How can I make my philanthropy more meaningful and strategic?
At TCF, we encourage your philanthropic efforts to be more than just writing a check. We want to show you what your giving can do by introducing you to nonprofits/causes that meet your charitable goals and interests.
What type of funds are available for me to consider?
The Community Foundation manages a collection of funds created by donors to support the causes that are important to them. As a donor, you may contribute to any of these existing funds or establish one of your own, depending on your charitable goals. Our staff will help you determine which option would be the best for you.
TCF offers a number of fund type options for you, your family, businesses and nonprofit organizations. Types of funds offered include Field of Interest Funds, Community Impact Funds, Unrestricted Funds, Designated Funds, Geographic Affiliate Funds, Donor-Advised Funds, Agency Endowment Funds, Scholarship Funds and Testamentary Gifts.
What is the minimum gift required to start a fund?
All funds can be set up at TCF for as little as $10,000. Please note that a scholarship fund needs a balance of at least $25,000 to award an annual $1,000 scholarship.
What type of assets can I use to start a fund?
The Foundation has the ability to accept a range of assets including:
- Tangible Personal Property
- Real Estate
- Remainder Interests in Property
- Oil, Gas, and Mineral Interests
- Bargain Sales
- Life Insurance
- Charitable Gift Annuities
- Charitable Remainder Trusts
- Charitable Lead Trusts
- Retirement Plan Beneficiary Designations
The President/CEO and Development staff of the Foundation is charged with the responsibility of reviewing all gifts being made to the Foundation, properly screening those gifts, and making recommendations to the Board on gift acceptance issues when appropriate.
What fees are involved?
The Community Foundation charges an annual administrative fee for each individual fund. Fees are based on balance of the fund and administrative needs.
How often will I receive fund statements?
The Community Foundation issues quarterly donor reports for each fund. These reports are mailed out to you and/or your designees approximately six weeks after the close of the quarter. Donor reports will keep you up-to-date on the fund's year-to-date activity, including contributions made, growth (losses) to your fund from investment performance, and grants made from the fund.
What is the Foundation's policy around donor confidentiality?
The Community Foundation maintains the highest level of confidentiality with respect to donor information. We do not share, loan or rent donor names, addresses or fund-related financial information with any individual or organization outside the Foundation.
Can I name my fund?
Yes, you may. The fund name is completely up to you. Of course, our staff is available to offer suggestions if needed. Many funds are named for the donor, the donor's family, or to memorialize someone. Or, you may remain anonymous. Many anonymous donors use a name that reflects their interests or something that is special to them.
What happens to my gift long-term?
Your gift to establish a fund with The Community Foundation can create a permanent charitable legacy. Even after your death, the fund can remain in your name and can be managed by TCF to fulfill your charitable intentions.