How We Can Help
An Extension of Your Team
At the Sioux Falls Area Community Foundation, our goal is to serve as an extension of your team. Offering our expertise in philanthropic planning and community investment, we'll work with you to build a tailored giving plan that aligns with your client's interests, values and charitable goals, while also maximizing tax advantages and benefits.
With easy online fund management, donors can view their fund balance, grant history and make recommendations to nonprofit organizations anytime, 24/7. Of course, if they prefer to talk with us, we'll be happy to help — phone chats and in-person meetings to help our donors are what we love the most!
From donor advised funds to unrestricted giving, we have a fund to make it happen.
Our Fund Options Include:
This giving vehicle helps your client do good for the community by enabling him or her to make distributions to nonprofits while creating maximum tax advantages.
The donors we work with value their donor advised fund because it allows them the option to donate cash as well as appreciated assets, such as stock and securities.
In addition, your client can add strategy to their giving by “bunching” their gifts into a Donor Advised Fund to receive maximum tax benefits. Passing contributions through a charitable fund at the Community Foundation means a 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.
These endowments are created by donors who want to support a general area of philanthropic work. Whether your client's interests lie in youth enrichment, the arts, or outdoor recreation, the Community Foundation will work with your client to design a grant selection process that achieves their vision.
If your client wishes to support one or more organizations, an organizational endowment may be a good fit. These funds pay annual distributions to the organizations of choice, and can be established with current or deferred gifts.
Scholarships are best when your clients are interested in investing in the next generation. Working with the Community Foundation, your client can determine the criteria students must meet to receive the scholarship they establish.
The ultimate expression of values and passions, a deferred legacy fund allows your clients to fund this endowment after their life in order to continue supporting the nonprofits and causes they care about, even after they're gone.
Acceptance of non-cash assets
We accept a variety of assets, and pride ourselves on our in-depth charitable planning knowledge. From accepting gifts of cash or publicly traded stock to a gift of an airplane, consider us your wingman in whatever situation your client might need help with - whether it's the sale of a business, including a bequest in their will or trust, or strategically bunching donations to maximize tax savings.
- Cash or check
- Appreciated stock, mutual funds 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
You'll benefit from the Foundation's 501(c)(3) status to receive maximum tax advantages.
Gifts of cash to the Community Foundation are deductible up to 60% of the donor’s adjusted gross income (with a five-year carry forward), while gifts of cash to a private foundation are deductible only up to 30% of the donor’s adjusted gross income (with a five-year carry forward).
Gifts of publicly traded securities are generally deductible at 100% of the fair market value, including the avoidance of capital gain, at up to 30% of the donor’s adjusted gross income (with a five-year carry forward). Gifts of publicly traded securities to a private foundation, on the other hand, are only deductible up to 20% of the donor’s adjusted gross income (with a five-year carry forward).
The market value of a gift of publicly traded securities is calculated as the average of the high and low selling prices on the date the gift is received in a Community Foundation account. Once received, we will sell the shares at the earliest practical date. The amount deposited to the donor’s fund of choice will be the value of the shares when we sell the stock, less any sales or administrative fees or commissions.
Transferring shares to the Community Foundation is efficient and easy. Call us at 605.336.7055 to get started on a transfer.
Gifts of private assets (e.g., real estate, private company stock) are deductible at their fair market value up to 30% of the donor’s adjusted gross income (with a five-year carry forward), while gifts of private assets to a private foundation are limited to their cost basis up to 20% of the donor’s adjusted gross income (with a five-year carry forward).
Gifts received through a donor’s estate are generally 100% deductible for estate tax purposes, with no limitation.
Gifts of tangible personal property, such as art, antiques and collectibles, may be donated to the Community Foundation. The gift will be evaluated by the Foundation before acceptance. The donor is responsible for securing an independent appraisal of the item(s) if the value of the gift is over $5,000.
We know that achieving your clients’ philanthropic goals requires informed, thoughtful and strategic investment options. At the Community Foundation, we offer three different portfolios each with unique investment allocations to match your clients’ giving goals.
If a donor advised fund is established at the Community Foundation with more than $150,000 in assets, the donor may request an external manager through our Individually Managed Funds program.
Learn more about our fund options and fee structure
Please note, while we offer guidance and can help talk through giving solutions with you and your client, we are not professional tax advisors, financial advisors or attorneys.