Donor Advised Funds

This fund 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.

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.
Donor is responsible for investments, accounting, and state and federal tax report	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. 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.