Establishing a fund with The Community Foundation is simple and easy, and it does not require great wealth. Here are some of the advantages of giving to The Community Foundation:
Community Impact
Our single mission as a community trust is to impact the needs of our area and improve the lives of the citizens in and around the Greater Lynchburg community. Through our relationship with local charitable organizations and the United Way, we are ensuring that your donations are given back to the community in the most effective manner possible. We are dedicated to maintaining your charitable intent even when community needs change.
Lasting Effect
The Community Foundation builds endowment funds that will grow and benefit the community forever. We help donors create an individual or family legacy through named funds that will continue to impact the needs of our area for generations.
Flexibility
We desire for your experience with The Community Foundation to be an easy and fulfilling one. We deliver personalized donor service by offering a variety of simple, flexible, and effective options in the types of funds that can be established and the types of assets that may be donated. Aside from our permanent funds, we offer Temporary Funds where distribution of principal is possible.Funds can be established with a simple agreement that we will guide you through the process. We will handle the administrative details of establishing and growing your fund.
Investment Management
Funds established with The Community Foundation are managed by qualified investment managers. While funds are commingled for investment purposes, each fund is tracked separately. The Board of Directors is actively involved in the growth of The Foundation through prudent investment policies and an internal investment committee that regularly reviews investment performance.
Cost Effective
The Community Foundation is dedicated to conducting business with low-cost administration. The Foundation spends less than 1% annually of the market value of the funds on administrative costs.
Tax Advantages
As the donor, you will receive added benefit from donating to The Community Foundation. Not only will you experience the satisfaction of meeting the needs of those in your community, but your donation will receive maximum tax advantages allowed for income and estate tax purposes.
Recognition
Your named fund may be recognized for providing grants to local charities, or your giving may remain anonymous.