The Community Foundation of East Alabama is your partner in philanthropy.
The Community Foundation of East Alabama is your partner in philanthropy. Establishing a personal or family charitable fund with CFEA is a way to communicate your values and support nonproﬁt organizations that are addressing issues important to you. There are no set-up fees, and your fund is perpetual unless you instruct otherwise. It is a simple process.
Discuss your interests and charitable values with the Foundation. Your legal or tax advisor is encouraged to participate in this discussion. Your goals are then documented in a fund agreement.
Select the best way to make your $10,000 minimum contribution. The minimum can be contributed over an agreed upon period by the Board of Directors.
Give Now with cash or assets such as stock or real estate. Your gift is tax deductible and appreciated property avoids capital gains tax.
Give Later with a deferred gift such as a bequest in your will, life insurance policy, retirement plan contract, real estate deed, charitable trust, or annuity.
Name and select your fund. All grants or scholarships are made in the Fund’s name maintaining your charitable directives in perpetuity. Let us help you choose the fund that works best for your particular giving situation.
TYPES OF FUNDS
An endowed fund that supports the operation of the Community Foundation. A gift of any size is welcome.
You empower the Board of Directors to make grants that respond to the community’s most pressing needs.
Donor Advised Fund
A favorable and very popular alternative to a private foundation. You are the fund advisor, making grant recommendations to nonprofit charitable programs or projects you wish to support.
Designated/Agency Endowment Fund
You specify one or more charitable organizations to receive annual distributions, thereby, providing continued support. Nonprofits may also establish a fund under the Foundation.
You establish a fund to help students achieve their dreams through education. A board or staff member will help you create the guidelines for this fund.
Field of Interest Fund
You focus on a particular charitable area, such as child development, senior services, education or other broad areas of interest. The Foundation then ensures that your fund supports meaningful projects providing impact to the targeted community and/or social need.