Your philanthropic journey begins here.
In It Together
We’re here to help you navigate your philanthropic journey every step of the way—working with you to make sure the entire experience is easy, effective, flexible and fulfilling. The result? A philanthropic journey that reflects your passion, and brings you joy. Let’s get started.
Ways to Give
At the Community Foundation, we understand that no two donors are alike. That’s why we’ve designed a variety of giving options to meet your unique circumstances. From outright contributions to donor-advised funds, or gifts from estate, deferred and life income gifts, there’s a giving strategy that’s ideal for your philanthropic desires.
And remember, because we’re a public charity, you get the maximum tax benefits when you donate to the Community Foundation. Here are some of the ways to give to the Community Foundation for Greater Atlanta:
- Publicly traded stock
- Mutual funds
- Bonds and other debt obligations
- Real estate—including complete or partial interest in residential real estate, undeveloped land, commercial real estate
- Privately held companies—including interests in C-corporations, LLCs, limited partnerships
- Restricted stock/founder’s stock
- Intangible and/or intellectual property
- Private equity interests
- Tangible property
- Other assets
What can your assets do for your philanthropy?
What do a racehorse, rural property in Alabama and a surrealist oil painting have in common? They have all been given to the Community Foundation for charitable purposes. From shopping centers to royalties, we’ve seen it all. Assets are one of the easiest ways to give, especially when you work with the Community Foundation. Watch our new video to find out how giving assets works for both you and the community.
Types of Funds
Variety means flexibility. And flexibility makes for smarter strategy. That’s why we offer you the ability to establish different types of funds to achieve your charitable goals. From the immediate tax benefits of donor-advised funds, to the long-term support of designated funds, the Community Foundation provides an array of philanthropic options. So your philanthropic journey is always sound and strategic.
In exchange for our services, the Community Foundation charges an annual administrative fee against the balance of your fund. Investment management fees are separate from our administrative fee and vary depending on the investment option you request. We don’t receive any fee revenue from the investment management of funds that we maintain.
This fund is often the best choice for donors who wish to leave a legacy through their will or estate plan to benefit the greater Atlanta community, but who don’t have heirs they wish to involve in grantmaking decisions after their lifetime.
This option allows you to give back to the greater Atlanta community in general, rather than identifying a particular organization or cause as the grant recipient. A sustainable percentage of the fund’s balance (around 5 percent) is granted each year to charities in the metro area that are selected by a committee of community members and ratified by the governing Board of the Community Foundation. An unrestricted fund is a permanently directed fund named by or for you, the donor. And it’s a powerful, effective way to leave a permanent named legacy for the greater Atlanta area—a legacy that can adjust over time as the needs of the community change.
For unrestricted named funds, the annual administrative fee is tiered according to the following schedule:
• First $500,000 1.00%
• Next $500,000 – $5M 0.70%
• Next $5M – $20M 0.55%
• Next $20M + 0.50%
Minimum Annual Fee
• $1,000 for standard funds invested in the Community Foundation’s investment vehicles (i.e., Unitized Pool, American Funds, Conservation Option)
As a donor, you might wish to consider creating a designated fund if:
- The benefited charity lacks the size, experience or expertise to administer a sizeable fund
- You have concerns about the long-term existence of the benefited charity and would like to name backup charities to receive payments if the primary charity ceases to exist or changes its mission
- You’re simply more comfortable separating the principal gift from the control of the named charity’s staff and/or board
- You may benefit many different nonprofits in an organized and efficient way
The administrative fee for a designated fund is 1.25 percent, and the minimum annual fee is $1,000.
A donor-advised fund allows you to receive a tax deduction in the year of any donation to the fund. Then, you and your family can remain actively involved in the fund’s charitable grantmaking for generations to come. In fact, many of our philanthropists view their donor-advised funds much like a family foundation; it is an alternative to a private foundation, but provides greater tax advantages and involves fewer administrative burdens.
And remember: a donor-advised fund at the Community Foundation can make grants to any 501(c)(3) charity in the United States, and internationally as well—including houses of worship, schools and universities.
Administrative benefits of donor-advised fund:
- Created at no cost, simply by completing a fund agreement. Unlike a private foundation, there are no associated legal fees or applications for approval from the IRS
- Not subject to a 5 percent payout requirement. Though donor-advised funds at the Community Foundation regularly pay out more than 10 percent of their balance each year, there is no legal requirement to make grants in any given year. Likewise, there is no maximum amount that a donor may request to pay out to charities.
- Not subject to an excise tax on investment income
- Does not require separate tax identification status, annual tax return or audit
- No minimum fund size
- It can make anonymous gifts
- Only $1,000 minimum annual fee for standard funds invested in the Community Foundation’s investment vehicles (i.e., Unitized Pool, American Funds, Conservative Option); enhanced or externally managed funds and other levels of donor services involve greater administrative fees
Tax deductibility of gifts:
- Gifts of publicly traded securities are generally deductible at 100 percent of the fair market value, including capital gain, up to 30 percent of the donor’s adjusted gross income (with a five-year carry forward)
- Gifts of cash are usually deductible up to 50 percent of the donor’s adjusted gross income (with a five-year carry forward)
- Gifts of private assets (e.g., real estate, private company stock) are usually deductible at their fair market value, up to 30 percent of the donor’s adjusted gross income (with a five-year carry forward)
For donor-advised funds, the annual administrative fee is tiered according to the following schedule:
• First $500,000 1.00%
• Next $500,000 – $5M 0.70%
• Next $5M – $20M 0.55%
• Next $20M + 0.50%
Minimum Annual Fee
- $1,000 for standard funds invested in the Community Foundation’s investment vehicles (i.e., Unitized Pool, American Funds, Conservation Option)
- $2,500 for CFP funds invested in the Community Foundation’s investment vehicles (i.e., Unitized Pool, American Funds, Conservative Option); donors with funds of any size can opt into our highest level of donor services and programs through the Center for Family Philanthropy (CFP) by paying the minimum CFP fee
- $5,000 CFP funds that are individually managed by an outside investment manager
The Foundation provides all scholarship administration, and does so for an array of scholarship funds and types. The annual administrative fee is two percent. The minimum annual fee for a fully managed scholarship fund is $5,000, while the minimum annual fee for an externally managed scholarship fund is $1,000.
Take a look at some of the scholarship funds currently administered by the
Community Foundation >
A supporting organization is a separate legal entity with its own mission, board, bylaws, policies, etc. But, because of its close connection to the Community Foundation for Greater Atlanta, that organization enjoys legal status as a public charity—operating under the Foundation’s umbrella, much like the relationship between a corporation and its subsidiary.
The Community Foundation legally appoints a majority of the supporting organization’s board of directors. A new or existing supporting organization may affiliate with the Community Foundation if it has at least $2 million in assets. Supporting organization policies, procedures, services and fees are negotiated on a case-by-case basis.
Through a supporting organization, donors like you receive the benefits and services of the Foundation itself—while maintaining a separate board of directors that manage the supporting organization’s grantmaking, investments and other functions.
Private and Family Foundations
We’re proud to say we work well with others. In fact, in order to access our services and expertise, many of Georgia’s largest private and family foundations also maintain funds at the Community Foundation for Greater Atlanta. To establish such a relationship, a private or family foundation may make a distribution into a fund at the Community Foundation. And in certain cases, we may also be able to provide services to a private or family foundation for a negotiated fee.
Of course, some donors have determined that their existing private or family foundation no longer meets their philanthropic or financial objectives. In that case, the entire private foundation may be converted to a fund with the Community Foundation.
The Community Foundation will:
• Provide confirmations of all gifts received and grants made
• Mail all approved grants directly to your nonprofit, along with a letter indicating you as the person who recommended the gift (unless, of course, you wish to remain anonymous)
• Provide you with quarterly fund statements listing gifts, grants, fees, and investment returns
• Furnish you with IRS Form 8283 for your gifts of privately-held assets
Future and Estate Gifts
Philanthropy is a unique enterprise. It allows you to bring joy now, and continue to do so, even beyond your lifetime. Planning today can help ensure that legacy of joy for future generations. The Community Foundation supports donors like you in making planned gifts, and helping you leave a charitable legacy for your family and your community.
Our legal name is The Community Foundation for Greater Atlanta, Inc. and our tax ID number is 58-1344646.
The following planned charitable gift vehicles can be used during your lifetime, and beyond:
The following language would be appropriate for a bequest:
(a) I give and bequeath ______ percent of my adjusted gross estate (as that term is defined in the federal estate tax laws) to establish the “_________ Fund” of The Community Foundation for Greater Atlanta, Inc., subject to its governing instruments, policies and procedures, as amended from time to time.
(b) I bequeath _______ percent of my adjusted gross estate (as that term is defined in the federal estate tax laws) to The Community Foundation for Greater Atlanta, Inc. This gift shall be devoted to the general charitable purposes of the Community Foundation as set forth in its governing instruments, as amended from time to time.
Establishing a Planned Gift
At the Community Foundation, we know we’re fortunate. Because every day, we get to work with dynamic, passionate philanthropists like you. Philanthropists who are committed to learning more about the ways their work can change our community for good.
As your partner, it’s our job to make the process easy, flexible—and, yes, joyful! That’s why you’ll receive personalized support through your dedicated philanthropic officer.
So, let’s get started. And together, we’ll discover joy…all along the journey.