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FORM 990

If you wish to view our IRS Form 990, you may download it pdfhere or check the following website: www.guidestar.org.



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TYPES OF FUNDS


As a donor you may contribute to any of these existing funds or establish one of your own, depending on your charitable goals. The following is a brief description of the variety of funds available. For more detailed information, please call us at 951.241.7777.

Community Impact Fund
Our Community Impact Fund allows us the flexibility to respond to the most critical needs in the community. Donors who give to this fund have broad charitable interests and trust our Board of Directors to use this money to meet the most pressing community needs.

Field of Interest Funds
Field of Interest funds allow donors to specify a broad category for funding. For example, we have funds dedicated to the treatment and care of indigent children with special needs, another to provide low-income senior citizens with veterinary services for their pets, others that enhance the arts, and so forth. Our Board of Directors approves the grants awarded to nonprofit organizations through a competitive grant application process. A Field of Interest fund allows donors to direct their gifts to a charitable area of interest without the "hands-on" involvement of a donor-advised fund.

Restricted Funds
Restricted funds are recommended for donors who wish to support specific organizations forever. Donors specify in their agreement which organizations will receive the available grants each year from their endowed fund. With a restricted fund, the recipients remain the same each year.

Donor-Advised Funds

Donor-Advised funds allow donors the most flexibility to achieve their charitable purposes. These are a simple alternative to a Family Foundation. They are designed for donors to be actively involved in directing how the funds are used. Through their own research or with guidance from our knowledgeable staff, donors may request grants be made to specific organizations as charitable needs arise. Donors have the ability to select their own advisory committee to assist them in choosing grant recipients. Each request from a Donor-Advised fund is subject to approval by our Board of Directors.

Scholarship Funds
Scholarship funds offer donors an opportunity to build the community's future by investing in the education of tomorrow's leaders. Our staff members work closely with the donors to create and carry out their objectives. Together we design a scholarship program to meet those goals within a structure that ensures that the donors' contributions are fully tax deductible and that scholarship awards are not treated as taxable income to the recipients. Award payments are made directly to the educational institutions on behalf of the recipients.

Supporting Organizations
The Internal Revenue Code permits The Community Foundation, as a public charity, to form support organizations in partnership with individuals or families. When properly structured, a support organization enjoys the tax benefits and flexibility of a public charity while retaining some of the features of a private foundation.