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The Community Foundation Ways of Giving
Since its inception, the Community Foundation has been helping donors of all types focus their charitable interests in the community where they live and work. It is a sound investment that will benefit you, your family, and our community both today and far into the future. And, depending on the planned giving option that is utilized, it is possible to also realize significant tax savings and additional income. Outright Gifts Cash or Check Gifts of Stock - publicly traded or closely held Real Property - except mortgaged property Tangible Personal Property
Deferred Gifts Bequests Charitable Remainder and Lead Trusts Charitable Gift Annuities Deferred Charitable Gift Annuities Pooled Income Funds Life Estate Gifts Gifts of Life Insurance
The Community Foundation has established a Gift Acceptance Committee which is prepared to work with the donor's professional advisors to ensure that a proposed gift is in the best interest of both the donor and the organizations.
Types of Funds General or Unrestricted Foundation Funds: Donor gifts irrevocably held by the Foundation, the earnings of which are made available annually to community agencies in the form of grants to qualified nonprofits. Over $285,000 has been granted to area agencies since 1995 for new and innovative programs, emergencies, and capital initiatives.
Donor-Restricted Funds: Donor gifts whose principal is irrevocably held by the Foundation, with any subsequent earnings (net of investment manager fees) distributed in perpetuity in accordance with instructions of the donor of those funds and in keeping with general guidelines regarding restricted gifts. Named or Family-named funds may be established at the request of the donor with a minimum gift of $100,000.
Donor-Advised Funds: Gifts whereby the principal is irrevocably held by the Foundation, but whose donor (or other named individuals) during his/her lifetime retains the privilege of making recommendations on the distributions of subsequent net income. Upon death of the donor (or other named individuals), principal and income are irrevocably placed in the Foundation's General Fund.
Partnership Funds: As a service of the foundation, Partnership Funds help qualified non-profit organizations maximize investment yields on their endowment and reserve funds. The organization retains full ownership of the principal and any subsequent earnings, and accepts investment risks. Partnership funds are sub-accounts of the General Fund, and, as such, the Foundation retains full responsibility for the investment and monitoring of Partnership funds.
Important information for your estate planning advisor: Legal Name: United Way of Volusia-Flagler Counties, Inc. Reference: The Community Foundation Mailing Address: 3747 W. International Speedway Blvd., Daytona Beach, FL 32124-1011 Contact Person: William W. Ward, United Way's Director of Planned and Leadership Giving Phone: 386.253.0563, x.246 Tax Exempt Number: 74-06-058135-56C IRS 501(c)3 Number: 59-1099774
To learn more about the Community Foundation, contact Bill Ward at 386.253.0563, x.246.
Return to the Community Foundation Page.
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For questions or comments about this web site, click here. Last modified: 07/08/08 |
