Giving NowNext Section
This holiday season, consider opening a fund at the Community Foundation of Louisville – it’s the gift that keeps on giving!
If you are planning for a tax deduction this year and want to support multiple charities with one gift, or if you are undecided about which nonprofits to support, a donor advised fund is just what you need. You open a fund now with a new gift, receive an immediate tax deduction, and decide later when it’s convenient for you which nonprofits to support with your fund. Your fund grows tax-free while providing resources for your favorite non-profits – it’s a win-win!
Remember that donating appreciated securities directly to your fund at the Community Foundation of Louisville is a great, tax-saving gift option. You can potentially eliminate your capital gains tax exposure and qualify for a deduction based on the fair market value of the stock donated. After you donate the stock, the Community Foundation liquidates the shares, and the proceeds go into your fund. It’s a tax-smart strategy for maximizing your giving and minimizing your tax liability.
If you would like to start a new donor advised fund or learn about other fund options, please contact Jennifer Fust-Rutherford at 502.855.6953 or [email protected]
Guidelines for your year-end gifts and grant distributions
5 Simple Steps
Select type of fund you wish to create.
Contribute gifts of cash, stock, or other assets.
Choose an investment option to maximize your granting impact.
Recommend grants to your favorite charities.
Manage your online fund.
Types of Funds at the Foundation
Donor Advised Funds
When you want to maximize tax benefits and retain flexibility to support your favorite charitable organizations.
A Donor Advised Fund allows donors and their families to actively participate in grantmaking. Children and grandchildren can be introduced to a legacy of giving through a Donor Advised Fund that can be invested for growth to maximize granting power. Families enjoy an unmatched level of personal service and community expertise by opening a Donor Advised Fund at the Foundation.
Fund for Louisville
When you want to meet the most pressing needs of the community, but are not sure of the best way to go about it.
With a gift to the Fund for Louisville, you can entrust the Foundation to respond to the ever-evolving needs and opportunities in our community today and forever. You can make an impact today and know that decades from now the Foundation staff will have its finger on the pulse of the community and ensure the most pressing needs are being met to maintain a vibrant community.
When you want to support specific charitable organizations in perpetuity.
Field of Interest Funds
When you want to focus your charitable giving on an area of concern that is meaningful to you.
Charitable Checking Funds
When you want to simplify and organize your charitable giving.
When you want to establish a scholarship to support others in achieving their academic dreams.
Scholarship Funds can be customize to support an area of study, particular school, recipient profiles and a host of other criteria to meet the donor’s intent. A Scholarship Fund is a wonderful way to honor a loved one. We handle the administration of the fund, including application and selection processes, with as much or as little donor involvement as desired.
African American Legacy Fund
When you want to support the proud tradition of philanthropic giving in the African American community.