Create a Charitable Fund

A personalized fund at The Community Foundation allows you to support the issues and nonprofit organizations that matter most to you. A variety of fund types provide the flexibility for you to be as active as you wish, recognize your family or business, grow the charitable fund through investment and gain an immediate tax deduction.

Turn your gift into a lasting legacy by establishing a permanently endowed fund bearing your family or business name. Let us help you build a tradition of giving that will last forever.

Opening Your Gift Fund
A charitable gift fund can be established with a minimum contribution of $5,000. Charitable Gift Annuities require a mimimum amount of $10,000.

Naming Your Fund
Funds may be named for family, loved ones, businesses or you can choose to remain anonymous.

Tax Advantages of Giving
The Community Foundation of South Alabama is a public charity as classified under Section 501 (c)(3) of the Internal Revenue Service code. All contributions to The Community Foundation are fully tax deductible.

What This Means To You
Contributions to funds at The Community Foundation of South Alabama are tax deductible in the year they are made. Charitable gifts can then be distributed over time.

Cash contributions are fully deductible up to 50% of adjusted gross income. The deduction for cash contributions that exceed 50% of your adjusted gross income may be spread over a six year period to get the full deduction.

Gifts of publicly traded securities are generally deductible at 100% of the fair market value, including capital gain, up to 30% of your adjusted gross income and may be spread over a six year period to get the full deduction.

Gifts of private assets (e.g. real estate, private company stock) are deductible at their fair market value up to 30% of your adjusted gross income and may be spread over a six year period to get the full deduction.

Estate taxes can take a huge bite out of the assets you have built over your lifetime. A charitable fund is a way to manage estate tax issues for your heirs. The assets you contribute to your charitable fund during your lifetime are not subject to estate taxes.

Gifts received through an estate are generally 100% deductible for estate tax purposes with no limitation.

Types of Assets Accepted
Cash
Publicly Traded Securities
Bonds
Mutual Fund Shares
Private Securities
Real Property
Tangible Personal Property
Life Insurance Policies
Retirement Assets (IRAs, retirement plans)
Trust Assets
Estate Assets

For more information about integrating your charitable giving with financial planning, talk with your professional advisor and contact The Community Foundation of South Alabama at 251-438-5591 or email  info@communityendowment.com.