Philanthropy Lifts Us All
In this year of exceptional challenges, philanthropy lifts us all, strengthens our bonds, and inspires our entire community. As the year-end draws near, we wanted to remind you of the benefits of establishing your own personal, charitable giving account at the Community Foundation. We offer both Donor Advised Funds and Charitable Checking Funds for generous individuals who want to simplify, organize and maximize their charitable giving.
With both options, you’re eligible for an immediate tax deduction at the time you make a gift into your fund, then you can use your fund any time in the future to support your favorite charities. A Donor Advised Fund can grow through investment gains, which can create more charitable dollars for you to give away. And both funds can easily accept gifts of marketable securities, potentially eliminating your capital gains tax exposure.
Creating a charitable fund at the Community Foundation can be a vital tool that maximizes your charitable resources, allows you to supports the causes you care about most, and helps you make a lasting difference in our community. To learn about these fund options, please contact Jennifer Fust-Rutherford at 502.855.6953.
The Giving Season is here!
2020 giving dates
As you make decisions about year-end gifts to
your fund and grant distributions to your favorite nonprofits, please refer to this 2020 timetable.
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.
Watch this video to learn about a few tax advantageous ways to do philanthropy in our current environment.
Types of Funds at the Foundation
Charitable Checking Funds
When you want to simplify and organize your charitable giving.
Opening a Charitable Checking Fund (CCF) is the simplest and quickest way to organize your charitable giving. There is no minimum amount needed to open a CCF and no fee for this type of fund. You can start a CCF by filling out a simple, 2-page authorization form. Please note that we do not offer investment options for charitable checking funds, so there is no opportunity for the fund balance to grow overtime.
Donor Advised Funds
When you want to maximize tax benefits and retain flexibility to support your favorite charitable organizations.
A donor advised fund (DAF) allows donors to make a tax deductible gift now, and then decide later which charitable organizations to support. Gifts to your DAF are invested for long-term growth, so there is the potential for your initial gift to grow tax free, which can allow you to have more money to give away to your favorite nonprofits. With a DAF, donors receive an unmatched level of personal service and community expertise and can involve successive generations to create a legacy of giving.
Fund for Louisville
When you want to meet the most pressing needs of the Louisville area by relying on the expertise and local knowledge of the Community Foundation.
With a gift to the Fund for Louisville, you are entrusting the Community Foundation to identify and respond to the ever-evolving needs in our community. You can make a gift today and know that decades from now, your gift will still be having an impact. The Community Foundation is committed to keeping its finger on the pulse of the community and using the Fund for Louisville to ensure the most pressing needs are being met to maintain a community where people and place thrive.
When you want to support specific charitable organizations.
A Designated Fund is an endowed fund that supports one or more charities. The specific nonprofit organizations you care most about can receive a gift in your name every year through a Designated Fund.
Field of Interest Funds
When you want to focus your charitable giving on a broader area of concern that is meaningful to you.
With a Field of Interest Fund, you can support the most appropriate and effective nonprofits within the charitable field you select, such as the arts, education, human services or a particular geographic area.
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.