Services for Businesses, Private Foundations and Nonprofit Agencies

The Community Foundation, in at least one sense, is like a major university: the Foundation is interested in everything that goes on in the community and in the world at large. At the local level, a key objective is to keep track of trends and needs in every imaginable field and in every part of Monterey County. The Foundation has no vested interests, list of "approved" agencies, or any other slant on local needs.
 

Businesses

That impartial, professional analysis can be especially valuable to local businesses or corporate giving programs when they face the perennial blizzard of appeals from local agencies. The staff of the Community Foundation is available to help evaluate grant proposals, formulate giving priorities, analyze the strengths and weaknesses of grant requests, and assist with new initiatives. In addition, the Foundation can hold and administer a permanent endowment fund in the name of a corporation (or anonymously) to help smooth out the annual ups and downs of the company's corporate giving budget.
 

Private Foundations

Sometimes the administrative burdens of running a small private foundation become too onerous, either because of the age of the donors or the trustees, or the time demands on the next generation of family trustees. The burdens of filing separate tax returns, monitoring payment of an annual excise tax on the net investment income, and investing the assets for both current income and reasonable growth can become quite onerous. One option is to transfer the assets to a fund at the Community Foundation, possibly as a Donor Advised Fund or as a Field of Interest Fund consistent with the giving interests of the former private foundation. It is also possible to establish a fund by contributing some or all of the private foundation's current year income to begin building a relationship with the Community Foundation. This chart compares a variety of giving options.

Agencies

 

Many local nonprofit agencies have established permanent, restricted purpose endowments with the Community Foundation. The agency receives several benefits from this kind of arrangement: (1) a new, permanent and growing stream of operating income; (2) professional investment expertise and broad diversification; and (3) publicity for the fund to the entire Community Foundation mailing list. Just as important is the assurance for donors that the fund will always be there to support the work of the agency, or that of the closest related agency if the original agency ceases operations.

For more information contact President/CEO, Dan Baldwin or call 831.375.9712, x115.