Supporting FSC

 

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About Donor Advised Funds

Allows donors to create a fund to fulfill their individual philanthropic wishes, and to make recommendations for specific organizations to receive grants, consistent with the charitable mission of FSC. Donors can recommend grants to groups/organizations or FSC staff will work with donors to help identify potential groups/organizations to match the donor's interests. Recommended grants will be approved by the FSC Board of Directors only if the recommendations are deemed consistent with the mission of FSC. Funds are invested consistently with FSC's Socially Responsible Investment Policies.

Advantages of Donor Advised Funds

FSC Donor Advised Fund or Private Foundation? Issues to Consider:

FSC Donor
Advised Fund
Private
Foundation
Donors establish an individually named fund within the nonprofit structure of FSC.  Donor must establish a separate nonprofit corporation and apply for federal tax exemption.
Donors can make recommendations on the grant making activities of their fund. FSC staff does the administrative work. Donor operates own grant program and manages contact with the grant seeking community.
FSC files one federal and state tax report for all of its funds. Donor is responsible for investments, accounting, and state and federal tax reporting.
No IRS requirement that any amount be paid out annually in grants. IRS requires an annual grant pay-out of 5% of assets.

Types of Gifts Accepted To Establish A Fund FSC can accept different kinds of assets as gifts to establish a donor advised fund such as cash, publicly traded stock, privately held stock, real estate, insurance policies, the bequest of retirement funds, the proceeds from a private foundation, through a bequest of the donor's estate, or through a charitable remainder trust.

Fund for Southern Communities Investment Policies
The principal objective of FSC's investment policy is to achieve a favorable return consistent with acceptable risk while using the investments to promote positive social change. We invest in companies that conduct their business in a manner consistent with those objectives as set forth in the Fund's investment policy. Socially responsible investment can and will achieve the desired return to support our grant making, programs, administration and development.


There are advantages to establishing a Donor Advised Fund at FSC. If you would like to discuss establishing a fund at FSC, please contact the office.

 

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315 West Ponce De Leon Ave

Suite 1061

Decatur, GA 30030

404.371.8404

fsc@fundforsouth.org