News and Facts
Types of Giving
Direct Gift to Charities
Giving directly to charities is likely the most familiar route of
giving to you. Donors select a charity that provides programs and
services that reflect values similar to their own, and make gifts
of cash or other assets such as appreciated stock.
Community Foundations
Giving to a community foundation allows you to help improve the
lives of people in a particular community while supporting an entity
that already exists to do the grantmaking. Donors designate charities
or advise the Board of Directors as to which charities they wish
to support.
Private & Family Foundations
Creating a private foundation allows you to retain personal control
and flexibility over your charitable giving. Donors and their families
may make decisions or delegate to an independent board of trustees
or to a trust officer acting on the donor’s behalf.
Public Foundations
Giving to a public foundation offers you a chance to pool your donations
with like-minded donors in support of a particular issue or cause.
Public foundations choose an issue or mission that they promote
through grantmaking and offer donors options for involvement.
Operating Foundations
Establishing an operating foundation allows you to closely direct
the charitable activities you choose. Private operating foundations
are not primarily grantmaking entities, rather they operate facilities
or institutions devoted to a specific charitable activity as determined
by the donors.
Giving Circles
Joining or forming a giving circle provides you with a hands-on
opportunity to collaborate with others and practice philanthropy
with your peers. Donors pool their funds for the purposes of joint-decision
grantmaking.
Supporting Organizations
Creating a supporting organization gives you an alternative to establishing
your own private foundation, but still allows close involvement
with grant decisions. Through this option, donors tie their funds
to one or more public charities in a way that is significant to
the total support of those organizations.
Planned Giving
Including philanthropy in your estate planning enables you to establish
a legacy of giving. Donors employ a variety of planned giving vehicles,
such as charitable remainder trusts and charitable lead trusts.
Corporate Giving
Starting grantmaking and community service programs within your
for-profit enhances your company name among customers and employees
while helping others in need. Programs are generally funded through
company profits and are administered either through the company
or as a legally independent foundation.
Workplace Giving
Practicing philanthropy through programs offered by your employer
enables you to leverage your dollars. Many companies match their
employees’ charitable contributions, and employers often offer
automatic payroll deductions that the donor may designate for specific
charities.
Donor Advised Funds
Place the fund with a nonprofit manager, such as a community foundation
or some financial service firms are managing DAFs. You may take
an immediate tax deduction on your contribution. Then you recommend
grants to charities and nonprofits of your choice on your own timetable.
As the donor, you explicitly retain the ability to make recommendations
to the public charity concerning distributions from the fund's income,
and, in some cases, from the fund's principal. |