We offer custom services to help your company plan, govern and operate your community philanthropy.
This company has been around for four generations and it’s always had a focus on philanthropy. We’re excited to build on what we’ve done in the past and take it to the next level through our partnership with the CFMC. – Bill Mitchell, Carmel Realty Company
Company Donor Advised Funds
We can help develop a giving program tailored to your company’s interest areas and giving priorities. CFMC staff can also assist with the management of corporate foundations through customized philanthropic services. A company fund at the CFMC helps your business maximize impact through its giving.
Your giving can be highly customized. We can issue grants checks in your company name and create branded letterhead. Services can be tailored to meet the specific needs of your business.
How it Works
You create a fund by making a tax-deductible gift to the CFMC.
You give the fund the name of your choice.
We work with you to design a grantmaking strategy.
Choose from our menu of customized philanthropic support services.
You recommend grants to your favorite nonprofit organizations.
The CFMC issues the grant checks and maintains the records so you don’t have to.
You receive benefits including tax advantages, online access and personal philanthropic services.
Customized Philanthropic Services for Company Foundations
Private foundation services are completely customized and can include any combination of support from the menu below.
Vision and strategy development – Help you create and implement a strategy for your philanthropy that will transform your values into goals and objectives
Application process – Assist with the creation of proposal guidelines, identification of eligible organizations, promotion and distribution of RFPs
Selection support – Review and screen proposals as well as advise on selections and award amounts
Due diligence – Conduct local site visits (out of area site visits may incur extra fees), research past accomplishments, review financials and assess organization leadership
Research – Provide in-depth assessments of community needs as a means to help determine funding priorities
Reporting – Creation of requirements, monitoring compliance and performance, and collecting and reviewing reports
Grant processing – Ease the burden that comes with administering grant agreements as well as the disbursement and tracking of grant funds (minimum $500 per grant)
For some foundations, a donor advised fund at the CFMC is a strong option. The CFMC offers many of the same benefits as a private foundation, plus increased flexibility, tax advantages and customized services to support your charitable vision.
Compare Donor Advised Funds to Corporate Foundations
Community Foundation Donor Advised Fund
Involvement, control, and family continuity
You make a gift to the CFMC and recommend grants to qualified nonprofit groups.
Can involve multiple generations
You appoint a board, which controls investments and grantmaking.
Can involve multiple generations
Benefits from CFMC’s 501(c)3 nonprofit status
Apply to IRS for private foundation tax-exempt status
Up to 50% on adjusted gross income on cash
Up to 30% on appreciated stock
Up to 30% on real estate and closely held stock
Up to 30% on adjusted gross income on cash
Up to 20% on appreciated stock
Up to 20% on real estate and closely held stock
Professional philanthropic services staff with local expertise
verification of nonprofit status
No minimum payout required
You must arrange and support your own grantmaking and monitoring structure
5% annual minimum payout
Several thousand dollars for legal and accounting expenses and filing fees
Typically several months
Effective gift size
$10,000 minimum (non-endowed)
$25,000 minimum (endowed)
Typically millions of dollars
CFMC handles all administration and reporting.
Legal, accounting and federal filing fees. (Annual 990 tax form must be filed.)
All tax and financial information is private.
Donors may remain anonymous, if preferred.
Board and financial information is publicly available.
Pooled with $185 million portfolio
8.4% return in since 2010
Invested as its own entity. Diversification is based on asset size.