Advantages of Giving to the CF
The advantages and benefits are clear when you make your charitable gift
through the Community Foundation for South Central New York.
Convenience
At the Community Foundation we work to make it
as easy as possible for you to meet your charitable goals. Whether you
want to establish your own “special” fund to address a particular
community need or issue, or simply make a gift in support of the
CommuniFund™ or The Women’s Fund, the Foundation can help you do it
quickly and with a minimum of difficulty.
Flexibility
Do you want your gift to culminate
in grants that are awarded to area nonprofits working in a field that
especially interests you, such as the arts or human services? Would you
like to be able to recommend that grants be directed toward a particular
agency? Perhaps you’d like to support scholarships for young people
going on to higher education, memorialize a loved one with a named gift,
or put your contribution toward meeting some of our community’s more
compelling needs. The Community Foundation can provide you with a giving
option for each of these goals, and more. (Types of
Funds)
Local, Personalized Service
The Community Foundation isn’t some monolithic
bureaucracy located hundreds or thousands of miles away. We’re right
here in south central New York (headquartered in Binghamton), and we
care about our region and its people just as you do. We urge all our
donors to feel free to pick up the phone, e-mail or stop by any time.
Also, we’re familiar with the region’s nonprofits, the work they do, the
issues they address, and are pleased to share that information with you
when you need it.
Permanence
Communities and their needs evolve over time.
Nonprofit agencies that once filled an important niche in the life of
the community may find themselves obsolete or even phased out entirely
as circumstances change. Foundations that were set up in response to a
particular problem may discover that their resources are no longer
needed for that purpose. But the Community Foundation is “for good, for
ever.” We’re designed to be responsive to a wide range of needs and
interests over generations, and we’ll be here to see to it that your
legacy to the community fulfills its promise.
Tax
Advantaged Giving
Because the Community Foundation, unlike a
private foundation, is a 501(c)(3) public charity under IRS regulations,
your gift is tax deductible to the fullest extent permitted by law. And
if you’re in a position to make larger gifts, we offer a range of giving
options to maximize the impact of your contribution while providing
significant tax benefits.
You can even establish or contribute to a
Community Foundation fund through a deferred or planned gift, such as a
bequest or charitable remainder trust, and receive significant tax
benefits. Ask your professional advisor for details about these options;
we’ll be glad to take part in the conversation if you like.
Professional Management
The assets of the Community Foundation for
South Central New York are managed by a highly qualified team of
investment professionals, Graystone Consulting, under the direct
oversight of the Investment Committee of the Community Foundation’s
Board of Directors. The members
of the Investment Committee are community volunteers with solid
experience in fiscal management. (View the Community
Foundation’s Investment Policy.)
Additional Benefits
All donors to the Community Foundation receive
print copies of the Foundation’s annual report, as well its twice-yearly
newsletter, Community News. (To access these publications online,
click here.) Donors are listed in the
annual report unless they request anonymity at the time their gift is
made or acknowledged by letter for tax purposes by the Foundation.
Donors also receive invitations to the Community Foundation’s annual
Holiday Reception, usually held in December in Binghamton. Other events
are scheduled on an occasional basis.
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