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Central Valley Community Foundation

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Fund & Asset Types

Fund Types

Each of our 7 fund types have various capabilities and requirements to best serve your clients.  They can be kept liquid or invested in one of various investment pools. Learn more about our fund management.

We offer the following fund types which can all be endowed:

The most flexible fund type, this fund allows the donor to make a charitable contribution, receive an immediate tax benefit, and then recommend grants from the fund over time. Grants can be made to charities, education and religious entities.

Established by a nonprofit organization with its own funds, this is a great tool for an organization to invest and create long term sustainability by starting an endowment.

Allows a donor to choose up to three organizations to receive annual grants – a great tool to use as part of the charitable giving in an estate plan.

Helps donors invest in our community’s future and show students they care. Scholarships help students—from preschool to postgraduate—achieve their lifetime dreams. Funds must go toward education and tuition expenses.

Offers an excellent alternative to a private foundation, with only a fraction of the administrative responsibilities. When private foundations want to offload their administration, they can become “support organizations” within the Foundation. This fund type is a smart solution for the next generation of family foundations. Support Organizations can accept donations from the public and are not restricted by annual payouts allowing donors to grow their philanthropic resources and fund larger projects over time.

Used to support a start up, community benefit initiative or when an entity wants to create and fund a charitable project (e.g. bike drives, neighborhood clean ups, etc.)

The donor identifies specific areas of interest (such as education, environment) and our talented Impact Team, along with the Foundation Board’s Program Review Committee, builds an annual grantmaking strategy to support the specified area(s). An endowed Field of Interest Fund is a great tool for an estate plan because the donor can be confident knowing their investment will forever support the focus area they care about.

Asset Types

We want to make philanthropy painless for your clients and accept the following asset types to make gifting mutually beneficial:

Cash contributions can be made using a check, credit card, or wire. This is the simplest way to make a charitable contribution. Cash gifts are fully deductible for federal income purposes, less any value received.

Gifts of appreciated securities – stocks and bonds, including stocks in closely held companies — provide important tax advantages to your client. The full fair market value of the donated appreciated securities is deductible as a charitable contribution for federal income tax purposes, with no capital gains liability.

A gift of life insurance is another way to make a substantial contribution. By assigning ownership to the Foundation, your client can receive a tax deduction for the cash value of the policy and the premiums paid each year.

A gift of real estate can provide many tax advantages, including as an alternative to 1031 exchanges. You can easily gift a residence, vacation home, commercial building, land, or vacant property as part of your client’s estate plan or living philanthropy. The Foundation manages the transaction and liquidates the property with the income going into the fund of your client’s choice.

Using IRAs and other retirement plan assets is a thoughtful way to make a charitable contribution. It provides your client with a number of significant financial and tax advantages. Unlike many assets, retirement plan assets are potentially subject to both income and estate taxes. Naming the Foundation or fund of your choice as the beneficiary of a retirement plan—including IRAs, 401(k), and profit sharing—plans may possibly eliminate estate and income taxes in some cases. Ask us about your required minimum distributions!

A private foundation can make a direct gift or transfer all or part of its assets to the Foundation. The identity and purpose of the original donor(s) are preserved, and the donor or others designated by the donor can participate as fund advisors, while we manage the administration. This is a great way to prolong a legacy or make the transition to the next generation without the burden of private foundation administration falling on descendants.

Crop Gifting is a tax-efficient way for growers to donate a portion of their harvest to the Foundation or their fund. We take ownership of the commodity and then sell and deposit the net proceeds into the fund of your client’s choice. For cash basis growers, crop gifting offers a way to make a lasting difference in their communities.

The process of crop gifting
For cash basis growers, crop gifting offers a way to make a big lasting difference in their communities.

Which Fund is Right for You?

This form will lead you through a series of questions to help you find the correct fund type for your intended giving.

Looking for a Fiscal Sponsorship?
A fiscal sponsor is a relationship between an individual or group managing a charitable project or purpose and a tax-exempt organization.
Do you want to grant to the same organizations each year?
Are you a nonprofit opening a fund with your own resources?
This would be a Designated Org Fund
This would be an Agency Fund
This would be a Custodial Agency Fund
Do you want to make grant recommendation and investment decisions about your fund?
Would you like to make grants for scholarships?
Are you interested in funding a specific area of interest?
A specific area of interest refers to a charitable purpose broader than particular charitable organizations. Examples can include broad purposes such as supporting higher education or the arts and more narrow purposes such as cancer research, caring for needy children in a particular town, or providing transportation for low income seniors.
This would be a Field of Interest Board
This would be an Unrestricted Fund
Is the fund advised by a committee?
Does the donor manage the committee?
Separate identification can be related to fund name or fund contributions
Would you like to make grants for scholarships?
Are you interested in funding a specific area of interest?
A specific area of interest refers to a charitable purpose broader than particular charitable organizations. Examples can include broad purposes such as supporting higher education or the arts and more narrow purposes such as cancer research, caring for needy children in a particular town, or providing transportation for low income seniors.
Outside committee?
This would be a Field of Interest - Outside Fund
This would be a Field of Interest - Inside Fund
This would be a Donor Advised Fund
Donor merely recommends committee?
Donor advice solely given as a committee member?
CVCF's 501(c)(3) used to received contributions to the fund?
Will the Central Valley Community Foundation be used to receive contributions because the project or charitable purpose does not have a 501(c)(3)?
Will the Central Valley Community Foundation manage this project?
This would be a Designated Project
Project short term or is new/desires 501(c)(3)?
Please call (559) 226-5600 and ask for one of our donor services team members or email donorservices@centralvalleycf.org.
Strategically aligned with CVCF priority areas?
(Education, Economic Development, Neighborhood / Place-based)
This would be a Fiscal Sponsorship Type 1
This would be a Fiscal Sponsorship Type 2
Technical assistance needed?
This would be a Fiscal Agent Fund
Group exemption desired?
This would be a Group Exemption Fund
Public charity status desired?
Please call (559) 226-5600 and ask for one of our donor services team members or email donorservices@centralvalleycf.org.
This would be a Support Org
Please call (559) 226-5600 and ask for one of our donor services team members or email donorservices@centralvalleycf.org.
This would be a Scholarship Board
This would be a Scholarship Fund
This field is for validation purposes and should be left unchanged.

Disclaimer: The content included on this page is for informational purposes only and does not constitute legal or tax advice. Please consult your professional advisor for legal and tax advice specific to your situation. Central Valley Community Foundation reserves the right to determine whether it will receive any gift prior to the transaction.

Central Valley Community Foundation

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1260 Fulton Street
Suite 200
Fresno, CA 93721

(559) 226-5600

info@centralvalleycf.org

Tax ID 77-0478025

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