Creating a Charitable Fund
The newly created charitable funds and gifting vehicles offered at Midlands Community Foundation provide an opportunity for individuals, organizations and corporations to “invest in the power of community.” By partnering with the community, we work together to help generate funds to support our local needs. This proactive approach helps develop and fund programs that will have a real impact in our community. Midlands Community Foundation will continue to build a strong Foundation to fulfill the priorities and stay true to the communities we serve.
Midlands Community Foundation provides you with a simple, powerful and highly personal approach to giving. We offer a variety of giving tools to help donors achieve their charitable goals. We have established the opportunity for the community to create or donate to charitable funds. Donations can be in the form of cash, stocks, bonds, real estate, or other assets. Most charitable gifts qualify for maximum tax advantages under federal law.
Do you want to support a specific issue? A Field of Interest Fund designates and supports a particular area of charitable interest. Examples include, but are not limited to, youth/children, health, environment and art.
Do you have a specific cause you want to support? A Designated Fund supports the good work of a specific program or project. This fund channels your gift to a charitable cause that provides a lasting benefit.
Do you want to maintain advisory control of your charitable donations? A Donor Advised Fund allows you to make an irrevocable tax-deductible contribution to the Foundation. Any time thereafter you can work with the Foundation in helping to direct distributions to the qualified charitable organizations that matter the most to you.
Do you want to support a certain organization? An Organizational Endowment Fund allows nonprofit organizations to create a fund to ensure the services they provide will have longevity. The nonprofit and its supporters will benefit from professional management and gain additional awareness in the community through the Foundation’s resource materials.
Do you want to support your local community? An Affiliated Fund is created by a committee of local community leaders. These local leaders will educate family, friends and businesses about the benefit of supporting such a fund. Midlands Community Foundation will handle the administrative details which allow you the time to grow your local community fund.
Do you want to help provide for the educational needs of a deserving student? A Scholarship Fund can be established to help local students pursue their dreams and goals at colleges, universities, and trade or technical schools after high school graduation. This fund allows the donor to give back to the community through their name or loved one.
Do you want to honor the name and accomplishments of a deceased loved one? A Memorial Fund can help share the memories created by family and friends.