Fund Options

Donor Advised Fund
With a donor advised fund, you may play an active role in grant making, recommending charities you want to benefit. You receive an immediate charitable income tax deduction. You may make tax-deductible contributions to the fund and recommend grants whenever your wish, with NFCF handling all investment and administrative details. You may also appoint others, such as your children or grandchildren, to serve as advisors— thereby building a legacy of family giving.The process of recommending grants from a donor advised fund is simple and can be done at any time. You submit the name of the organization, the grant amount (minimum $100) and how you want to be acknowledged or if you wish to remain anonymous. We exercise due diligence to ensure the Internal Revenue Service recognizes the organization as a legitimate charity, issue a check to the organization and send you a notification.
Minimum to open a Donor advised fund: $5,000.00

Field Of Interest
With a field of interest fund, you can directly support a cause or organization you care about. Donors use field of interest funds to support the arts, provide health and human services, create scholarships and help protect the environment. Depending on how you establish the fund, you may make grant recommendations or have NFCF oversee a competitive grant making process. You receive an immediate charitable income tax deduction when you open your fund. Additional gifts of any amount may be made whenever you wish. Any investment growth within the fund provides additional tax-free charitable capital for grants. NFCF invests the funds, provides record-keeping services and, if requested, will work with you to set up criteria and a committee to oversee a competitive grant making process.

Scholarship:
Scholarship funds allow you to provide the gift of education for students to pursue educational opportunities or to memorialize a loved one. NFCF offers two types of scholarship funds: pass through (raised &given one time) and endowed ( permanently established, fixed amount or interest only, given annually) You may choose to focus your scholarship fund on a school or school district within the region, specified areas of study or other criteria. An advisory committee may be assembled to review applications and recommend recipients, or you may choose to have NFCF select award recipients based on your criteria. Scholarship funds are endowed. You receive an immediate charitable income tax deduction when you create the fund and deductions whenever you make additional gifts. NFCF invests the funds, provides record-keeping services, and will work with you to set up criteria and, if desired, a committee to oversee a competitive award process.
Minimum to open a Scholarship fund: $1,000.00 

Memorial Funds:
Many donors set up a memorial fund to remember and honor a loved one. You may name the fund after them and use the fund to accept gifts in their name. You receive an immediate charitable income tax deduction when you open the fund and when you make additional gifts to it. Memorial funds are endowed. They can be structured as donor advised, field of interest, scholarship or designated funds. In addition to investing the funds,NFCF helps manage incoming contributions, provides record-keeping services, and can work with you to set up grant criteria and establish a committee to oversee a competitive award process.

Designated Funds:
A designated fund provides you with an easy way to set up an endowment for specific charity or nonprofit organization. Designated funds can provide much-needed income to schools, houses of worship, schools, art groups and other nonprofit organizations. With a designated fund, you can support the charities you care about while maintaining the flexibility to change the amount or organizations at any time. If an organization dissolves or drastically alters its mission, you may specify another organization. If the change occurs after your lifetime, NFCF may select another organization that most closely aligns with the mission of the organization your fund was originally supporting. You receive an immediate charitable income tax deduction when you open your fund. Additional gifts also receive tax deductions and may be made whenever you wish.
Minimum to open a Donor Designated fund: $5,000.00 

Supporting Organization:
For some donors, creating a separate charitable organization affiliated with NFCF is an attractive alternative to establishing a donor advised fund or a private foundation. A supporting organization is essentially a private foundation attached to a public charity or community foundation. The supporting organization is a 501(c)(3) charity that is classified as a public charity rather than a private foundation. Supporting organizations, which may be created by a family, group of donors, nonprofit, business or an existing private foundation, combine the autonomy of a private foundation with the more favorable tax treatment of a public foundation. NFCF provides administrative services to the supporting organization.Contributions to supporting organizations earn maximum tax deductibility.

Converting Your Private Foundation:
By transferring your private foundation's assets to NFCF, you can eliminate your administrative responsibilities and focus your energies on identifying organizations that you want to support.

 

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