A Timeless Gift
Time changes all things... and individual charities are not
exceptions. A community foundation, however, can adjust to these
changes and assure givers that decades from now, the original
spirit and intent of their charitable gift will continue to
be honored.
What is a Community Foundation
A community foundation combines the gifts and bequests of
many individuals, families and corporations to help fund various
causes benefiting the community. Donors can give to the foundation
to:
• Ensure that a favorite cause
will continue to receive support through the Foundation's
oversight capabilities.
• Take advantage of tax benefits
available for a significantly appreciated stock.
• Utilize the Foundation's Board
of Trustees' expertise to guide the grant-making
process as needs change over time.
Advantages of Donating
As a community foundation, the Greater South Fork Community
Foundation offers prospective donors several advantages:
• A gift may be customized to
the donor's interests. Donors may select the fund
that best meets their needs. In addition, the donor may designate
the charity or charities the gift will benefit, or let the
Foundation's board members guide their choices.
• A gift will keep giving.
Due to the power of endowment, the fund that receives a donor's
contribution will grow and continue to benefit the community
now and in the future.
• A contribution will ease a
donor's tax burden. Contributions made to the Foundation
qualify for maximum tax deductibility for income, gift and
estate tax purposes.
Donor's can be assured tht gifts will
grow over time. The Greater South Fork Community Foundation's
Board of Trustees exercise strict fiduciary responsibility
over all Foundation assets and provide prudent stewardship
of donor funds. Because gifts to the community foundation
are pooled for investment purposes, donors enjoy the advantage
of a diverse portfolio mix that minimizes risk and enhances
the likelihood of a maximum return to charity.
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