Establishing a Fund
with the Community Foundation

GIVE NOW
If you want to establish a fund now and see your charitable dollars at work, creating a fund provides the satisfaction of giving while simplifying transactions and record-keeping. You can use your fund to support charities here in Central Georgia or anywhere in the country. A fund can be established in your name, anonymously, or in the name of a loved one whom you wish to honor or memorialize.

CFCG accepts all kinds of assets, usually deductible at their fair market value, including cash, publicly traded and closely-held stock, LP,LLP, & LLC shares, retirement assets or IRA’s, private foundation assets, life insurance policies, and real estate.

Charitable Funds at CFCG - How They Work

Donor Advised Fund – Recommend grants to qualified non-profits of your choice with no annual pay out rate. It is easy and flexible – there are no legal costs and no annual tax returns. You can also add to your fund at any time. You receive maximum tax benefits because CFCG is a public charity, and you can access expert staff, learning opportunities, and on-line tools.

Scholarship Fund – Inspire young people by supporting their educational goals. You can benefit students at a particular school, within a specific field of study, or in a specific geographical area.

Unrestricted Fund – Create a fund that will support the most promising, effective, and creative approaches to meeting Central Georgia’s most urgent needs. Funds are distributed through the Foundation’s Responsive Grant Program after thorough analysis by CFCG’s Board of Directors.

Designated Fund – Guarantee ongoing support for one or more of your favorite charitable organizations. This allows funds to be available over time to help sustain the organization or to supplement specific projects. This prevents the organization from having to manage a large, one-time gift, or from spending down the corpus.

Field of Interest Fund – Designate an interest area for your gift such as the arts, environment, or to benefit a specific county or community in Central Georgia. You can participate in grantmaking with our staff who will help identify organizations performing the most effective work in the field you specify.

GIVE LATER
We will work with you and your professional advisor to create estate planning strategies that will preserve your charitable wishes long beyond your lifetime. You can name unlimited successor advisors to guide the fund when you are no longer able to do so. Through a variety of deferred gift options, you and your loved ones can enjoy financial security and provide resources for community needs to serve generations to come.

Deferred Gifts - How They Work

Bequest – Specify a gift in your will or revocable trust. You retain all assets during your lifetime, and the gift will be made upon your death. Your estate may receive an estate tax deduction for your bequest. CFCG has sample wording your advisor may use when establishing a will or trust.

Charitable Remainder Trust (CRT) – Create a CRT, name a fund at CFCG as the beneficiary, and receive an immediate tax deduction. Receive income from the gift for life or for a specified number of years, after which your fund will receive the remaining assets.

Charitable Lead Trust (CLT) – Provide income to a designated charitable fund for a period of years, then direct the remaining – often appreciated – assets back your beneficiary. A CLT allows you to pass assets on to your children or grandchildren while minimizing gift and estate tax liability.

Charitable Gift Annuities – In exchange for a charitable gift you will receive a guaranteed stream of income for life. Part of the annuity payments may even be tax free.