Making Philanthropy Easy
The advantages of giving to the Gainesville Community Foundation are many.
Permanence
Community foundations throughout the nation have an excellent record of stewardship. Donors can be assured that their charitable goals will be met for generations to come.
Convenience
The Gainesville Community Foundation is structured to make giving easy. If desired, one gift can support a number of charitable purposes. The Foundation is skilled in working with donors who have complicated charitable objectives and complex gift situations. The Foundation can also provide services to support private foundations.
Experience
The Community Foundation is experienced in working with numerous charitable gift-planning techniques and can help estate planning professionals communicate the benefits of a particular strategy as it relates to clients' financial plans.
Cost - Effectiveness
The Community Foundation provides a cost-effective way to give appreciated securities to a variety of charities. The simplicity of Donor Advised Funds allows donors to make recommendations for numerous charitable distributions from one gift. This saves transaction costs and reduces complexity. Donors can make gifts when stocks are high and later recommend disbursements from their Funds.
Simplicity
A gift to the Gainesville Community Foundation will simplify donors' charitable giving. One contribution to the Foundation can address a number of different needs an can benefit many charitable organizations. Record keeping is simplified because donors need only keep receipts from the Community Foundation rather than multiple organizations.
Most Desirable Tax Treatment
Contributions to a Fund qualify for maximum deductibility for income, gift, and estate tax purposes. The Community Foundation is an IRS designated tax-exempt charitable organization under federal tax law.
Sound Management
The Community Foundation's Board of Directors provides sound and flexible administration that small individual trusts or foundations may not easily be able to obtain otherwise. The Foundation identifies emerging community issues, evaluates grant requests, convenes community leaders and citizens around issues, and provides asset management services.
Perpetuity
A gift to the Community Foundation will provide current and future benefits for our community. A gift will make a lasting investment by providing a better community for everyone. Donors' funds can also be increased at any time through additional gifts.
Ability to Name a Fund
Donors can name their own funds. They have an opportunity to give their family name a place in the philanthropic history of the community. A Named Fund is open-ended and may be increased at any time.
Flexibility
Donors are free to determine the purposes for which gifts are to be used, or they may leave all or part of that decision to the Grantmaking Committee. If the intended purposes of a gift should ever become obsolete, the Foundation's authority to amend the document by which the gift was made ensures the resources will be used to meet future needs of the community.
Public
All funds will be used in the public interest.
Accountability
An independent professional audit is made annually and all grants are publicly disclosed.
Security
The Community Foundation ensures a sound financial future. The Grantmaking Committee is responsible for evaluating each grant request, recommending funding of grants to the Board of Directors, and providing careful stewardship.