Create a Charitable Fund
Simplify Your Giving, Maximize Your Impact
A Charitable Fund at the Community Foundation can simplify and streamline your current giving, helping you realize your philanthropic goals while maximizing your impact in our community today, and tomorrow.
Your Philanthropy, Your Way
Your goals are unique to your personal and financial situation. We can help you achieve your vision through a charitable fund at the Community Foundation. From donor advised funds, to endowments, to scholarship funds and more, our philanthropic services team will work with you to identify your passions, explore giving styles, and help you determine the charitable impact you hope to make. From there, we can connect you with important community issues that align with your interests, creating the pathway for a meaningful charitable mission statement that aligns with your personal values and beliefs.
We're also here to help you determine what assets to give, how to best support your favorite causes and how to build your legacy plan with smart philanthropic strategies and customized giving plans.
How to Give
No matter what you are looking for, we have a vehicle that's right for you. The Community Foundation offers convenient, customized solutions to meet your goals with a fund type to match every need.
What to Give
At the Sioux Falls Area Community Foundation, we accept a variety of assets to make the process of giving easy:
- Cash or check
- Appreciated stock and other securities
- Real estate
- Grain or other commodities
- Qualified retirement plans such as IRAs or 401Ks
- Life insurance policies
- Other complex, non-cash assets
When to Give
One of the greatest advantages of a fund at the Foundation is that it allows you to take a charitable deduction in the year you give, often when it provides the greatest tax advantage.
Selling a business? Receive a big year-end bonus?
By contributing to a donor advised fund at the Community Foundation, you can make a gift in the year you need a higher deduction, then, you can recommend grants over time, when it's right for you. Essentially, you 'pre-fund' your giving when you receive the greatest tax deduction.
Types of Funds
A Donor Advised Fund is a convenient, flexible, personal and smart giving vehicle that lets you support the causes you care about.If you give to many nonprofits throughout the year, donor advised funds provide a flexible and inexpensive way to organize your charitable giving.
You can choose between a Donor Advised Charitable Fund, best suited to help you streamline your current giving, or a Donor Advised Endowment, a low-cost alternative to a private family foundation offering you greater flexibility and more strategic philanthropy without the administrative burdens that come with managing a private foundation.
We handle all the administrative work, and we offer you insights and perspective on community needs and philanthropic strategy, ensuring that your giving is not only smart and impactful, but also joyful. You'll enjoy these benefits:
Simplify and streamline your current giving with convenient online access. And, thanks to our knowledge and understanding of local nonprofits, we can help you learn more about needs that match your interests and suggest additional ways to increase your impact.
- Tax Deductibility
Donating to your Donor Advised Fund at the Community Foundation means your gift is deductible in the current tax year, but distributions can be made over the next several years. Fund statements give you a record of all the donations — or grants — you’ve advised that year, allowing you to easily track your giving history.
We can accept a variety of gifts, including appreciated stock or other securities, real estate, qualified retirement plans, life insurance policies and agricultural assets and more. We'll work with you and your professional advisor to explore the tax-wise giving opportunities that best suit you.
Utilize our philanthropic expertise and guidance to add strategy to your giving, such as “bunching” your gifts into a Donor Advised Charitable Fund to receive maximum tax benefits, and to ensure your gift will make the greatest impact.
Let us be your guide and help you craft your philanthropic legacy. Set up a non-binding fund agreement now to accept assets later. There is no fee and the fund agreement may be changed as your charitable wishes evolve.
Unrestricted gifts make a permanent investment in the quality of life in the Sioux Falls area. Every year, your unrestricted fund will make grants to worthy nonprofits addressing emerging and changing community needs. Our most visionary fund, it ensures good will happen in our community, forever.
These endowments are created by donors who want to support a general area of philanthropic work. Whether your interests lie in youth enrichment, the arts, or outdoor recreation, the Community Foundation will work with you to design a grant selection process that achieves your vision.
Designated funds provide long-term support to one or more charities that you name so those organizations receive continued and reliable funding. You choose the nonprofits to support; we issue annual grants made in your name, now and forever.
Invest in the next generation through a scholarship fund. You can determine the criteria students must meet to receive the scholarship you establish. With your assistance, students achieve their academic goals, all the way from preschool through postgraduate studies.
With more than $140M in endowed assets, you'll have the benefit of a pooled investment to generate long-term asset growth. Our 25-year compounded annualized return as of 12.31.19. is 7.8%. Our diversified portfolio includes domestic and international equities and fixed income securities.
The Community Foundation's long-term investment pool is managed by a volunteer committee, comprised of three board members and three independent financial advisors. The committee meets monthly to analyze market conditions and make timely, tactical adjustments to the portfolio.
Fund Options: At a Glance
Learn more about fund options, investment strategies, distributions, fees and more.
Ready to Get Started?
Contact us to open a fund and begin your philanthropic journey today!
While we provide guidance, we are not professional tax advisors. Always check with your tax advisor before you make any charitable gift.
Photo above by Acts of Nature | Paul Schiller.