The Community Foundation of Tampa Bay invites you to become an active partner with the Foundation in building the Tampa Bay area into a strong, cohesive, and vital community for all.
When you choose to make the Community Foundation your partner in philanthropy, you will have the assurance that your gifts will be used to meet your charitable purposes. You will enjoy the advantage of having your charitable assets managed by skilled professionals. The Foundation's Board of Trustees will protect your investment and your interests in perpetuity.
What does the Community Foundation offer donors?
In addition to offering the maximum charitable deduction allowable, the Foundation offers donors:
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Access to highly skilled staff and trained community volunteers
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Professional investment management of the charitable funds
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Advice and counsel in conjunction with your personal attorney, CPA, bank trust officer, and financial planner
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Assistance in identifying and evaluating
giving opportunities
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Quick response to grant recommendations
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Opportunities to learn about community needs and to partner with other donors in meeting those needs
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All paperwork, processing, and monitoring
of grants
What types of gifts may donors make to establish their funds? Some donors may wish to establish a fund and make an immediate gift by transferring assets to the Community Foundation. Others may decide to make a planned (or deferred) gift that will come to the Community Foundation in the future. And some donors combine both immediate and deferred gifts.
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Cash
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Stock, including closely held stock
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Real estate
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IRA, 401(k), profit sharing, or pension benefits
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Insurance policies
What are the different types of funds from which donors may select? Donors may select from the kinds of funds described below or may create their own unique combination.
Unrestricted Fund: You allow the Foundation's Board of Trustees and Grants Committee to direct grants from the fund to the most urgent needs in the Tampa Bay area. Donors can leave a lasting charitable legacy to their community by establishing a named unrestricted fund at the Foundation.
Field of Interest Fund: You may specify a broad area of interest for grants, for example, "Youth and Families," "Arts and Culture," or "Education." The Foundation's Board and Grants Committee will select the most appropriate charitable organization or project to fund.
Donor Advised Fund: You may recommend the specific grants from your fund. While the ultimate decision must remain with the Board, the Foundation listens closely to its donors and honors recommendations that are consistent with the Foundation's charitable objectives.
Designated Fund: Donors may specify one or more organizations as recipients of semiannual distributions. The Foundation's Board reviews these grants regularly to ensure that the donors' objectives are being met.
Scholarships: Donors may create scholarship funds for high school students or adult learners who are seeking to continue their education at colleges or vocational schools. Donors may specify criteria to guide the awarding of the scholarships.
Agency Endowments: Individual donors or nonprofit organizations themselves may establish these funds to provide operating support forever, in good times and bad. Establishment of these funds maximizes investments through the professional financial management the Community Foundation provides.
Charitable Gift Annuities: This type of gift guarantees the donor a lifetime income based on a fixed rate determined at the time of the gift. The donor is entitled to a charitable deduction for the value of the gift and receives payments that are partially tax-free. Upon the death of the donor, any unused portion is applied to the charitable purposes identified by the donor.
Charitable Trusts: There are a variety of trust arrangements that can be made through the Community Foundation of Tampa Bay, including the charitable remainder unitrust. These trusts provide significant estate planning advantages while at the same time fulfilling the donor's charitable purposes.
Confirmed in Compliance With National Standards for U.S. Community Foundations Community Foundation of Tampa Bay, Inc. | 550 North Reo Street, Suite 301 | Tampa, FL 33609 | 813.282.1975 | Fax 813.282.3119 Privacy Policy | (C) 2007 Copyright Community Foundation of Tampa Bay. Designed bySulzer Design Group
Confirmed in Compliance With National Standards for U.S. Community Foundations