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CHARITABLE FUNDS
COMMUNITY GIVING FUND
EXPERTISE TO ACCEPT A WIDE RANGE OF ASSETS
INVESTMENT MANAGEMENT
VALUE-ADDED SERVICES
Value-added philanthropy
How to open a fund
Create a legacy
Considering a private
foundation?
Glossary
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The Community Foundation provides donors with a wide array of charitable fund options. When you are ready to take action, we can advise you on the best fund for your charitable goals.
Do you want to simplify your giving to the nonprofits you support locally and even nationally?
Are the administrative tasks associated with giving taking away its joy?
Do you want a permanent source of funding for your philanthropy?
Donor Advised Funds could be your perfect giving tool.
How does a Donor Advised Fund work?
- Make a gift of cash or other assets to establish your fund at the Community Foundation. You receive an immediate tax deduction for your charitable contribution.
- Your funds are invested according to our investment philosophy to protect principal, generate current income, and ensure capital growth.
- When you’re ready, you recommend grants from your Donor Advised Fund to support other charitable organizations locally, nationally, or internationally. After our review and approval, we make the grants in your fund’s name.
How you benefit
- From our community expertise, based on our long, deep ties to southwest Washington.
- We handle all of the paperwork, allowing you to focus on giving.
- You centralize your charitable giving, without the costs and administrative burden of a private foundation.
- You enjoy the highest level of charitable tax benefits.
- You pay no start-up costs.
- You receive written acknowledgement for tax purposes of contributions you make to your Donor Advised Fund as well as regular summaries of the grants your fund has made.
Designated Funds
Do you have strong ties to one or more nonprofit organizations? Help them carry out their mission with a Designated Fund. With this fund you “designate” the charitable organization(s) that your fund will support (e.g., a theater, a food bank, a school) during and beyond your lifetime. The Community Foundation actively monitors all of its grantees. If the beneficiary organization ceases to exist, loses its tax-exempt status or changes its mission, your gift is redirected to support an organization with a similar mission.
Field-of-Interest Funds
Perhaps you feel strongly about a cause but do not wish to take an active role in grantmaking. With a Field-of-Interest Fund, you identify and support a charitable purpose (e.g., economic opportunity, strong and connected neighborhoods, etc.), a category of interest (e.g., arts, education, human services, etc.) and/or a geographic area that you feel passionate about supporting.
Scholarship Funds
Creating scholarships is a popular way to give back to one’s community or honor a loved one. The Community Foundation can help you structure a scholarship to benefit students at any education level or any specific institution.
Some donors choose to stay involved through advisory relationships, or as members of a scholarship committee, while others name committees to assist in selecting recipients. Either way, our staff will handle the necessary paperwork and ensure that scholarships are distributed in an equitable manner.
Community Giving Fund
This is a permanent endowment that supports the broad range of needs in southwest Washington. Grant award selections are guided by committees comprised of Board and community members knowledgeable about local needs.
Cowlitz County Community Fund
A group of community leaders established this fund To bring new growth and energy to Cowlitz County's philanthropic endeavors. Similar to the Community Giving Fund, this fund supports a broad range of needs in Cowlitz County through an annual grants program.
Administrative Endowment
This permanent fund provides annual support to our operations and enables our staff to offer comprehensive services to donors and nonprofit organizations throughout southwest Washington. These dollars allow the Foundation to offer important services that have helped countless organizations create successful capital campaigns, establish more effective community partnerships and increase the quality of life in our region. Ultimately, this means better facilities to provide better programs and services to our communities.
General Fund
While service and investment fees support the management and investment of individual funds, these fees do not cover the other important work of the Community Foundation:
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Providing accounting, investment, and administrative assistance to local nonprofits, helping them improve their bottom line and their overall efficiency
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Educating individuals and businesses about charitable giving and realizing the valuable role philanthropy can play in assuring a solid future for our region
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Supporting the research and evaluation to fund the best and most innovative programs in southwest Washington
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Accelerating the pace of endowment giving for the future by supporting well trained staff to maintain donor trust
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The Foundation relies on annual operating gifts to its General Fund and commitments to the Administrative Endowment to support this important work.
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