Opening a Donor Advised Fund allows your company to make a gift to Saginaw Community Foundation, and remain actively involved in suggesting uses for your gift. Here’s how it works:
• Your company makes a gift to Saginaw Community Foundation – you can give cash, appreciated stocks, real estate or other assets.
• We set up a special fund in your company’s name.
• Your company receives tax benefits in the year your gift is made.
• You (or a team of employees) can recommend uses for the fund – working with our professional program staff to support the causes and organizations you care about most.
• Your recommendations are presented to our Board of Directors for approval.
• We handle all the administrative details and issue grants to charities in the name of the fund you establish (if you prefer, grants can be made anonymously).
• 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.
Benefits
Donor Advised Funds provide a convenient, flexible way for your business to show it cares about its local community and build awareness about community needs. This type of fund can also strengthen employees’ relationships with one another and within the community by providing an enriching, shared giving experience.
A Donor Advised Fund is typically less costly and less time consuming to administer than other forms of philanthropic giving (such as a private foundation), but it still allows you to establish a charitable legacy in the name of your business and fulfill multiple charitable interests.
By working through Saginaw Community Foundation, you can choose to combine your gift with others to increase the impact in areas you or members of your organization care about most, your charitable gift qualifies you for maximum tax advantage under federal law and you take advantage of the expertise of professional program staff and investment managers. Your business can establish a fund today and make grant recommendations now or in the future.
We’re here for you
Saginaw Community Foundation provides a simple, powerful and highly personal approach to giving. We offer a variety of giving tools to help people achieve their charitable goals.
You can make a gift of cash, stocks, bonds, real estate or other assets to Saginaw Community Foundation. 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 Reneé Johnston, president and CEO, at (989) 755-0545 or email at renee@saginawfoundation.org.