Giving | Charitable Funds

Great giving options. Choose the one that’s right for you.

Designated Funds


Helping Local Organizations Sustain and Grow

Establishing a Designated Fund allows you to support the good work of a specific nonprofit organization — a senior center, museum, or virtually any nonprofit charitable organization. Because it’s given through your community foundation, your gift provides the organization not only funding, but also the power of endowment. Your gift provides more than just funding — your favorite organization will benefit from your community foundation’s investment stewardship and help with administrative details.

You can add to the fund at any time. If the organization you select ceases to exist or changes in mission, the fund can be redirected so that it continues to address your original charitable intent.

Endowing Your Nonprofit Organization

Nonprofit organizations can also establish a Designated Fund or agency endowment at the Community Foundation. It’s a simple and efficient way to build an endowment — and help create sustainability — for your nonprofit organization. We handle investment management and the administrative responsibilities related to endowment so that your organization’s staff and volunteer hours are concentrated on fulfilling your mission.

Your donors can be sure that the endowment fund’s principal will not be spent and can grow over time, providing a source of lasting support. And the Community Foundation’s economies of scale provide your organization the benefits of a diverse investment portfolio and low investment fees that typically come only with very large funds.

Your organization’s regular donors can leave a bequest through the Community Foundation to benefit your organization forever and create a personal legacy. The Community Foundation can facilitate even the most complex planned gifts or gifts of appreciated stock or real estate.

There is so much more we’d like you to know. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact the Community Foundation for the Ohio Valley, Inc. (info@cfov.org).

Donor Advised Funds


A Personal Approach to Giving

Opening a Donor Advised Fund allows you to make a gift to your community foundation, then remain actively involved in suggesting uses for your gift. You can work with our professional program staff to suggest ongoing uses for the fund — targeting the issues you care about the most. Grant awards are issued to charities in the name of the fund (or anonymously if you prefer). It’s a simple, powerful, and highly personal approach to giving.

Donor Advised Funds are convenient, flexible tools for individuals, families, businesses, or groups that want to be personally involved in suggesting grant awards made possible by their gifts. If you have a range of community interests, you may find that it’s an ideal vehicle for fulfilling your charitable wishes. Donor Advised Funds are typically less costly and easier to administer than other forms of philanthropic giving (such as family or corporate foundations).

Your gift can be combined with others to increase its impact, and you can add to the fund you establish at any time, receiving tax benefits with each new gift. You can establish a fund today and make grant recommendations now or in the future. And if you endow your gift, it becomes a permanent community funding resource.

Opportunities
• Year-end tax planning
• Simple alternative to private foundations
• Strategic giving
• Sale of a business
• Closely held stock
• Preserving an estate

Year-end tax planning: Just earned a large bonus, but no time to decide on the most deserving charities? Establish a Donor Advised Fund for an immediate tax deduction, and stay involved in your gift for years to come.

Simple alternative to private foundations: Thinking about establishing a private foundation, but looking for a better, simpler way? Or, frustrated with the ongoing management of your private foundation? Establish a Donor Advised Fund and stay personally involved with the distribution of gift dollars. Use community foundation grant expertise for community knowledge and greater impact.

Strategic giving: Passionate about meeting a specific community need and want to make a meaningful gift? Community foundation uses expertise in local need to recommend ways to make the greatest impact.

Sale of a business: Own highly appreciated stock in a company that is about to be acquired? Structure a charitable gift of stock before the company is sold to reduce capital gains and increase charitable deductions. Establish a Donor Advised Fund so a once-in-a-lifetime event can help you do good, forever.

Closely held stock: Personal net worth tied up in a closely held company, but want to give back? Donate a portion of company stock to the community foundation; company may buy it back for fair market value. Establish a Donor Advised Fund or planned gift; you are eligible for a tax deduction at the fair market value of appreciated stock (less any planned gift value).

Preserving an estate: Estate planning identifies significant taxes going to the IRS, but want to keep tax dollars local? Reduce taxable estate through charitable bequest or other planned gift. Create personal legacy in community that stays true to your charitable intent forever.

There is so much more we’d like you to know. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact the Community Foundation for the Ohio Valley, Inc. (info@cfov.org).

Field of Interest Funds


Connecting Personal Values to High-impact Opportunities

By establishing a Field of Interest Fund, you can target your gift to address needs in an important area of community life. Arts. AIDS. Aging. At-risk youth. Our board awards grants to community organizations and programs that are making a difference in the area you select. Your gift stays flexible enough to meet community needs in your interest area — even as they change over time.

While you direct the Field of Interest Fund you establish from its creation, the maintenance is left up to us. Our professional program staff continually monitors changing community needs so that you can be sure grants made in the name of your fund make the most impact in your field of interest and create your personal legacy of giving.

You can add any amount to the Field of Interest Fund you establish at any time — and so can others who share your interests in community. If you endow your gift, it becomes a permanent community funding resource.

There is so much more we’d like you to know. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact the Community Foundation for the Ohio Valley, Inc. (info@cfov.org).

Scholarships


Investing in Deserving Students

In creating a Scholarship, you invest in your community’s future and show students you care. Your community foundation provides the expertise to help you meet your personal goals and awards Scholarships to deserving students. Your gift can help students — from preschool to postgraduate — achieve their lifetime dreams.

You can create a Scholarship as a memorial to someone special, selecting eligibility criteria that exemplify that person’s goals and values. Or, you may use it to express your educational values — or those of your family or business. Depending on your preferences, the Scholarship you establish can support any area of academic need, including tuition, room and board, and books. Our program staff tracks performance to ensure students continue to meet the terms for Scholarship support.

If the Scholarship you establish is renewable, you can review updated information on the progress of recipients over the years. You may even elect to meet these students — something many donors find rewarding.

There is so much more we’d like you to know. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact the Community Foundation for the Ohio Valley, Inc. (info@cfov.org).

Unrestricted Funds


Meeting Ever-changing Community Needs

When you establish an Unrestricted Fund, your gift can address a broad range of local needs — including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being: arts and culture, economic development, education, environment, health and human services, neighborhood revitalization, and more. The flexibility of your unrestricted gift enables your community foundation’s program experts to respond to the community’s most pressing needs, today and tomorrow.

Because you set no restrictions on the use of your gift, it enables our experienced program staff and board to do what they do best — assess community needs and respond by awarding grants to the nonprofit organizations that undertake our community’s most critical work. Unrestricted Funds enable your community foundation to support long-term solutions; respond quickly to emergencies; and meet changing social, cultural, educational, or environmental needs in our local community.

Grants are made in the name of the fund you establish, creating your personal legacy of giving. You may give your gift immediately or through your will or other estate planning strategy. If you endow your gift, it becomes a permanent community funding resource.

There is so much more we’d like you to know. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact the Community Foundation for the Ohio Valley, Inc. (info@cfov.org).