Benefits

Giving through the Community Foundation offers donors:

  • Flexibility: Donors may create funds in any name & for any charitable purpose.
  • Immediate Tax Deductions : As a 501(c) (3), the Foundation helps save on income and estate taxes and helps reduce/eliminate capital gains tax.
  • Connectivity: Donors stay connected to their gift, their family and their favorite charities.
  • Personalized Service: Knowledgeable, professional staff provide prompt attention to donor needs.
  • Community Information: The Foundation is a resource for donors about local nonprofit organizations and community needs.
  • Investment Expertise: Experienced board and committee members, and financial advisors oversee investments and relieve donors of that burden.
  • Low Cost: Combining individual funds, keeps administrative and investment costs low.
  • Reliability: The Foundation has a record of reliability and dependability.
  • Simplicity: A fund is established with one governing document that takes less than one hour to prepare.
  • Recognition: Donors can honor or memorialize a loved one in perpetuity.
  • Privacy: Donors can give anonymously through the Foundation.
  • Legacy: Donors can build lasting testaments to their names, their families and causes they care about.

Fees

Administrative Fee

Effective January 1, 2012, the CFNF Annual Administrative Fee shall be as follows:

  • 1.5% on the first $3 million (except that funds with a balance of less than $50,000 incur an administrative fee of the greater of $350 or 1.75 %.)
  • 1.0% on the next $3 million
  • 0.80% on the next $3 million
  • 0.60% on the next $3 million
  • 0.40% on the balance in the fund

Processing Fee on Non-Endowed Gifts

Non-endowed gifts to donor advised funds are charged a 2% processing fee.

Investment Fee

Earnings of endowed funds are reduced by each fund's pro-rata share of investment costs (approximately 95 basis points annually). Generally, non-endowed funds do not earn interest and are not charged an investment fee. NOTE: All investment returns are reported net of investment costs.