Business Advised Funds
Gain a Higher Return on Your Company's Charitable Investments
A Business Advised Fund gives your company the expertise, resources and latitude it needs to make the most effective charitable decisions. As part of your proactive team, the Community Foundation helps your business to:
Give with confidence.
To which appeals should your company respond? We can help prioritize requests, decide the best action, provide administrative support, and evaluate results.
Give your way.
A Business Advised Fund can accommodate grant recommendations to any qualified charitable organization, at any time. The fund can be named in any way you wish and can be replenished at any time.
Establish a charitable vision.
Discover the differences your company can make as you explore different areas of interest and tap the expertise and resources of the Community Foundation.
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Equity That Drives Results
You have worked hard to build value in your business. Likewise, you want the philanthropy it creates to drive results in lives and communities. How can you best convert your business equity into effective charitable giving?
The Community Foundation lets you give with confidence. Our resources and expertise will enable your equity to make an impact in the issues and organizations most important to you. You have invested a lot into your business, let its returns maximize your own philanthropy.
Here are four scenarios for creating a charitable fund through equity:
Contributing Pre-IPO or Pre-Sale Stock: Closely held stock can be exposed to significant capital gains tax when sold. Making a pre-IPO or pre-sale gift of stock allows you to take a tax deduction at fair-market value and avoid capital gains tax. Depending on your situation, you can create a fund either for the new public company or yourself.
Gifting a Portion of Stock: Since dividends distributed from retained earnings are taxed, it may be to your advantage to gift shares to the Community Foundation. You receive a maximum tax deduction, and avoid capital gains tax. Proceeds from the stock’s redemption are then placed in your fund for grant recommendations.
Life Income Solutions: Company stock can be gifted to a charitable remainder trust with the Community Foundation. Proceeds from the redemption of stock then fund a determined life income. You receive a calculated tax deduction, and avoid capital gains. In the future, the remainder interest creates a charitable fund for your family or community.
Family Business Continuity: For some donors continuing the legacy of their business in the community is very important. In certain cases the Community Foundation can accept all or portions of an operating business. This allows the business to continue operating, with the profits available for charitable giving through its fund.
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Business Giving Services
Your Team, From Inspiration to Impact
The Community Foundation's expert staff and technology will help you define your company's interests, make giving easy, and create the differences you desire.
Exploration and Planning
Our team will work with you to:
- Create a charitable strategy with expert ideas that align with your company's objectives
- Research and report on non-profits that are serving your areas of interest
- Arrange site visits to organizations under consideration
- Turn your philanthropy into a favorite company tradition
Making it Happen
Giving should be easy and convenient for your company. Our Business Giving Services are designed to minimize paperwork and demands on your staff. They include:
- Turnkey administrative services
- Screening for grant requests
- Resolution of costly and time-consuming Sarbanes-Oxley issues
- Online fund access, so you can review activity and make grant recommendations
Evaluating the Results
What's working — and what could be improved? We will help your company:
- Determine the impact of your fund's grants
- Advocate for your company's philanthropic objectives
- Team with other organizations and people to achieve desired results
- Analyze the fund's giving portfolio to understand funding across interest areas
- Steward your fund's grants in perpetuity to ensure ongoing effectiveness
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