Giving
There are a variety of charitable Funds available to support your personal approach to giving and your charitable intent.
What are the types of Funds?
Community Endowment Funds
The Community Endowment Funds are permanent flexible grantmaking assets that allow CFCV to lead as a grantmaker and respond to pressing and changing needs in the community. These Funds are the only endowments that impartially benefit the needs of the entire Chattahoochee Valley. Donors can contribute to the general Fund or establish a named permanent sub-Fund for a minimum contribution of $250,000.
Donor Advised Funds
Donor Advised Funds allow donors to recommend charitable grants at any time, with no mandatory annual payout rate. Easy and flexible, these Funds have no legal costs and no annual tax returns. Donors receive maximum tax benefits for their giving to the Funds due to the CFCV’s status as a public charity and can access learning opportunities, online tools and expert staff.
Designated or Agency Funds
Donors who wish to support a specific agency or cause can establish a Designated Fund, or contribute to an existing Agency Endowment Fund. If the original charity ceases to exist, becomes obsolete or is unable to perform their charitable purposes, our Board of Trustees is able to redirect the funds to an organization providing similar services without the cost of expensive legal action.
Field of Interest Funds
Field of Interest Funds are often established to support particular interest areas, specific program initiatives, causes or geographic areas. At the donor’s request, use of the funds is restricted to a specified area of interest, but flexibility remains to meet changing situations.
Fiscal Sponsorship Fund
Fiscal Sponsorship Funds temporarily support the operation of a specific charitable effort and solicit support from a broad range of donors. Held in cash, these Funds “borrow” CFCV’s 501(c)(3) status until the effort’s goals are reached or it receives its own 501(c)(3) status.
Scholarship Funds
The creation of a Scholarship Fund is attractive to many donors and can be structured to benefit students at any education level, or for a specific institution. A Scholarship Fund can also be established to honor a loved one. Some donors choose to stay involved through advisory relationships, while others name advisory committees to assist in the selection of recipients. Either way, our staff will handle the necessary paperwork and will ensure that scholarships are distributed in an equitable manner.
Unrestricted Funds
Unrestricted Funds give the Community Foundation the ability to respond to pressing and often changing needs in the community. They allow our Board of Trustees to identify opportunities and target dollars where they will be most effective. Donors can establish a named permanent Fund for a minimum contribution of $20,000.
... CFCV is among the most respected organizations of its kind in the U.S., so I have the opportunity to work with accomplished professionals and an organization having a measurable impact in people’s lives.
- Fred Crawford, Aflac President and Chief Operating Officer, CFCV board member
Which Fund is right for you?
Our staff is eager to discuss these options with you and help you select one that matches your giving needs.
Establish a Fund in your name.
Any of these Funds can be established in your name, or in the name of your family, your organization, or anyone you wish to honor. All grants distributed from the Fund you establish — today and in the future — are then awarded to charities in the name of that Fund. It’s a great way to always be involved with, and remembered for, your community investment.
How can we help you do good in your community?
Betsy Covington
President and CEO
706-320-0027