Charitable Fund Options - Increasing Giving - The Community Foundation for Greater New Haven

Charitable Fund Options

There are multiple ways for you to support the organizations or issues that are most meaningful to you, in perpetuity.

The types of permanent funds that you can establish at The Community Foundation —throughout your lifetime and/or through your estate—are flexible in their design to provide something for everyone. 

In just three easy steps, you can create a fund at The Community Foundation for Greater New Haven:

  1. Tell us how you wish the earning from your fund to be used. Is there a specific charity you'd like to benefit, or a specific cause? Or do you want to remain active by making grants recommendations throughout your life? Would you like to leave a legacy that can be used to meet any community problem or opportunity?
  2. Tell us what you would like to name your fund. It can be your name, your family's name or something else that is meaningful to you. You are creating a permanent legacy in that name. One hundred years from now, your fund will still be making gifts in whatever name you choose. Of course, you can also set up an anonymous fund if you prefer.
  3. Decide the type of gift and amount you want to use to create your fund. Any amount, from $10,000 and up, can be used to start a fund. And almost any type of asset can be used - from cash to stock to your antique car!

Should you not find an appropriate match for your philanthropy goals below, please tell us your thoughts and ideas.

Already know the type of fund you wish to create? Review the types of assets you can give today and tomorrow.

Donor Advised Funds

A donor-advised  fund (DAF) enables you to make tax-deductible, charitable contributions immediately without having to select a recipient nonprofit on the spot. Gifts to your donor advised fund can be held for the future and invested, based on your preferences, so that your original contribution may grow in value to have an even greater impact. Learn more

Designated Funds

Establishing a Designated Fund provides you a wonderful way to give back to one or more specific organizations that have touched your life. Your gift provides more than just funding - your favorite organization will benefit from The Community Foundation's investment stewardship and ability to manage endowment funds. Because The Community Foundation handles the details, the nonprofit organization's staff is freed up to focus on its mission. And, The Community Foundation can facilitate even the most complex forms of giving, such as planned gifts or gifts of appreciated stock or real estate. You can add to the fund at any time. If the organization you select ceases to exist or changes in mission, the fund can be redirected so that it continues to address your charitable intent.

How it Works

  • You identify an organization that you wish to benefit.
  • You make a gift to The Community Foundation - you can give cash, appreciated stocks, real estate, or other assets.
  • We set up a special fund in your name or in the name of the nonprofit organization you choose.
  • You receive tax benefits in the year your gift is made.
  • Our board issues grants to the designated nonprofit organization.
  • We handle all the administrative details, including managing specific qualifications that you may establish for grant disbursements.
  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift - and all future earnings from your gift - is a permanent source of community capital, helping to do good work forever.

Most charitable gifts qualify for maximum tax advantage under federal law. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact The Community Foundation at 203-777-2386.

Organization Funds

Organization Funds are for nonprofits that wish to have a portion of their charitable assets managed according to a long-term investment model alongside  and established for The Community Foundation for Greater New Haven Inc’s (The Corporation) own endowment. A charitable organization can participate in this commingled fund by entering into an investment management agreement, which identifies the nonprofit as the owner of the charitable assets. This is just one of the ways The Community Foundation demonstrates its on-going efforts to strengthen the nonprofit sector in our region.

Nonprofit organizations can have the comfort of knowing that their endowment-like assets are managed according to the highest industry standards and best practices, with the added assurance that the Corporation is a registered investment adviser under the Connecticut Uniform Securities Act. As a registered investment adviser, The Corporation is regulated by The State of Connecticut’s Department of Banking and adheres to its compliance program.

How It Works

  • Your organization makes a revocable transfer of endowment-like assets to The Corporation for investment management purposes;
  • Your organization has access to a world-class, commingled investment fund;
  • Your organization receives distributions from your Organization Fund that coincide with  your needs and in the amount determined by you;
  • Your organization has access to fund information via Donor Central, including
    • Reporting of all transactions
    • Fund market valuation, and
    • Monthly independently-derived investment performance results;
  • Your organization receives annual audited financial statements and monthly financial reporting electronically;
  • Your organization can participate in semi-annual investment performance meetings;

To find out more about starting an organization fund, please contact A.F. Drew Alden at aalden@cfgnh.org or 203-777-7061.

Permanent Organization Endowment Funds

Permanent Organization Endowment Funds are established from a gift of a donor or donors or by an irrevocable transfer of assets from an organization to establish a permanent component fund of The Community Foundation for the benefit of an organization. Grants are then made to the named organization. If established by an irrevocable transfer from an organization, the transfer must be accompanied by a resolution of the organization’s Board of Directors approving the establishment of the fund. Fund minimum: $10,000. The organization will benefit from The Community Foundation's investment stewardship and endowment management experience. Because The Community Foundation handles the details, the nonprofit organization's staff is freed up to focus on its mission. And, The Community Foundation can facilitate even the most complex forms of giving, such as planned gifts or gifts of appreciated stock or real estate.

 

How it Works

  • An organization or an individual donor identifies an organization to benefit from an endowed fund.
  • A gift is made to establish the Fund - donors can give cash, appreciated stocks, real estate, or other assets.
  • Donors receive tax benefits in the year your gift is made.
  • Grants are made annually to the designated nonprofit organization.

To find out more about starting a permanent organization endowment fund, please contact The Community Foundation for Greater New Haven at 203-777-2386.

Preference Funds

By establishing a Preference Fund, your gift addresses a broad range of local needs - including future needs that often cannot be anticipated at the time your gift is made. While you direct the preference fund through the language you use to establish it, the maintenance is left up to us. The Community Foundation’s professional staff continually monitors changing community needs so that you can be sure grants made in the name of your fund have the most impact in your preference area and create your personal legacy of giving. You can add any amount to the preference fund you establish at any time - and so can others who share your interests in the community. Your endowed gift becomes a permanent community funding resource.

How it Works

  • You identify an area of personal interest as broad or narrow as you wish.
  • You make a gift to The Community Foundation during your lifetime or through a bequest in your will. You can give cash, appreciated stocks, real estate, or other assets.
  • We set up a special fund in your name, in the name of your family or business, or in honor of any person or organization you choose.
  • You receive tax benefits in the year your gift is made.
  • Our professional staff evaluates needs in your area of interest that would be most impacted by grants from your gift.
  • Our board issues grants in the name of the fund you establish (if you prefer, grants can be made anonymously).
  • We handle all the administrative details.
  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift - and all future earnings from your gift - is a permanent source of community capital, helping to do good work forever.
  • You receive updates on the impact your gift is making in our community.

Most charitable gifts qualify for maximum tax advantage under federal law. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact The Community Foundation at 203- 777-2386.

Scholarship Funds

In creating a Scholarship, you invest in your community's future and help students - from preschool to postgraduate - achieve their lifetime dreams. You can create a scholarship as a memorial to someone special, selecting eligibility criteria that exemplify that person's goals and values. Or, you may use it to express your educational values - or those of your family or business. Depending on your preferences, the scholarship you establish can support any area of academic need, including tuition, room and board, and books.

How it Works

  • You make a gift to The Community Foundation - you can give cash, appreciated stocks, real estate, or other assets.
  • We set up a scholarship in your name, in the name of your family or business, or in honor of any person or organization you choose.
  • You receive tax benefits in the year your gift is made.
  • Our professional staff helps you to determine eligibility requirements for the scholarship you establish - whether they are based on a student's field of study, academic achievements, extracurricular activities, financial need, background, or geography.
  • We award scholarships in the name of the fund you establish.
  • You receive updates on the impact your gift is making in our community.
  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make scholarship grants. Your gift - and all future earnings from your gift - is a permanent source of community capital, helping to do good work forever.

Most charitable gifts qualify for maximum tax advantage under federal law. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact The Community Foundation at 203- 777-2386.

Unrestricted Funds

When you establish an Unrestricted Fund, your gift addresses a broad range of local needs - including future needs that often cannot be anticipated at the time your gift is made. Because you set no restrictions on the use of your gift, it enables our staff and Board of Directors to do what they do best - assess community needs and respond by awarding grants to the nonprofit organizations that undertake our community's most critical work. We evaluate all aspects of community well-being: arts and culture, economic development, education, environment, health and human services, neighborhood revitalization and more. The flexibility of your unrestricted gift enables The Community Foundation to support long-term solutions; respond quickly to emergencies; and meet changing social, cultural, educational, or environmental needs in our local community.

Grants are made in the name of the fund you establish, creating your personal legacy of giving. You may give your gift immediately or through your will or other estate planning strategy. If you endow your gift, it becomes a permanent community funding resource.

How it Works

  • You make an unrestricted gift to The Community Foundation during your lifetime or through a bequest in your will. You can give cash, appreciated stocks, real estate, or other assets.
  • We set up a special fund in your name, in the name of your family or business, or in honor of any person or organization you choose.
  • You receive tax benefits in the year your gift is made.
  • Each year, our professional staff determines the areas of community need that can be most benefited by grants from your gift.
  • Our board issues grants in the name of the fund you establish (if you prefer, grants can be made anonymously).
  • We handle all the administrative details.
  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift - and all future earnings from your gift - is a permanent source of community capital, helping to do good work forever.

Most charitable gifts qualify for maximum tax advantage under federal law. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact The Community Foundation at 203-777-2386.

Click here to learn about The Foundation's General Fund, an unrestricted fund that supports the community's immediate needs and opportunities.

When you establish one or more of these funds, your contribution is fully tax deductible to the extent allowable by law. Also, all of these funds can be opened with most types of assets—cash, stock, property—and can also receive legacy and planned gifts.

Katrina Clark Fund

Est. 2017 to honor the life and works of Katrina Clark, former longtime FCHC Executive Director Read More »

A Responsibility to New Haven

Fund honors parents and ties to local community Read More »

Honoring a Legacy of Learning

Susan Whetstone, Foundation donor and former Board chair, set up The Bishop Family Fund in 2005 in honor of her father, Morris Norvell Bishop, whose life-long love of learning inspired her and her four siblings to want to give back. Read More »

Address

70 Audubon Street
New Haven, CT 06510
Directions

Contact

203-777-2386
ContactUs@cfgnh.org

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