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Why Open a Fund at the Community Foundation?
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Permanence - As living memorials, funds at the Community
Foundation carry out your charitable interests in perpetuity. If your fund's
purpose becomes outdated over time, we'll redirect it to similar purposes.
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Tax Advantages - Because we're a public charity, not a private
foundation, most donations qualify for the maximum available deduction for
charitable contributions. Our funds also avoid the excise taxes and other
restrictions placed on private foundations.
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Charitable Impact - We understand the needs and roles of
nonprofit organizations in this area, so we can target grants where they do the
most good. By pooling contributions for administration and investment purposes,
we incur lower management costs than does a separate private foundation. More of
your money goes to charity, rather than to overhead.
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Flexibility - You can name your fund or remain anonymous, choose
general charitable purposes or very specific ones, make modest gifts or large
ones, and donate assets ranging from cash to real estate to artwork.
Convenience- Most funds can be created in one brief meeting.
Afterward, you can retain the satisfaction of giving while we take care of
management and paperwork.
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