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1.
Permanence and Stability:
Your Gift Will Keep Giving.
The Community Foundation exists as a permanent bank of funds for
charitable purposes - a community savings account making sure that
your gift will do good work - now and in the future. The Community
Foundation honors and protects the charitable intentions of its donors
in perpetuity.
2. Flexibility: Your
Gift May Be Designated For a Specific Purpose.
As you establish your own fund, you specify its purpose and can name
specific organizations, types of charities or general causes.
3. Relevance: Your
Gift Will Meet Changing Community Needs.
Many donors place no restrictions on how funds are to be used.
Even if the current intent of your gift becomes obsolete, the
Community Foundation will ensure that the fund will continue to meet
future needs.
4. Commemoration or Anonymity:
Gifts Can Honor a Loved One or Associate or Kept Anonymous.
The Community Foundation honors and protects your
preferences. Grants from your fund will always be recorded according
to your wishes, a lasting symbol of your caring. Such funds may be
increased at any time by additional gifts.
5. Tax Advantage:
Contributions Will Ease Your Tax Burden and Supply Financial Benefits.
You may be able to increase the amount of your gift while achieving
greater tax savings and/or income. Contributions to the Community
Foundation qualify for maximum deductibility for income, gift and
estate tax purposes. Those who create endowed funds, charitable
remainder trusts or gift annuities receive a charitable tax deduction
in the year the gift is given.
6. Experienced Investment and Grant Management:
Your Fund Will Be Professionally Supervised.
The Community Foundation’s Directors, Investment Committee,
professional staff and investment managers provide prudent stewardship
of donor funds. Most gifts to a community foundation are pooled for
investment purposes, to take advantage of a fully diversified
portfolio. Grants are
managed according to established best practices.
7. Convenience: You
Can Take Advantage Of
“One-Stop Giving.”
The Community Foundation affords you the benefits of having your own
separate fund, a “foundation within the Foundation,” that is simple
and convenient, without the customary burdens and expenses. The
Community Foundation provides award letters, record keeping, investing
and annual reporting through an independent audit. You receive
quarterly reports on the progress of your fund.
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Chillicothe-Ross Community Foundation
45 E Main Street
Chillicothe, OH 45601
Scott Graham
740-774-GIFT (4438) |