People choose the Pikes Peak Community Foundation as
their philanthropic partner because we offer a range of flexible
options to serve every donor and almost every interest.
When
you create a charitable fund within the Community Foundation, you
create an enduring legacy that reflects your charitable values far into
the future. The Pikes Peak Community Foundation provides you with
several plans to accomplish your goals.
Donor Advised Funds
serve as a flexible alternative to a private or family foundation. You
can recommend grants to nonprofit organizations from this kind of named
fund, with the Foundation having fiduciary authority for these
distributions. Donor advised funds allow individuals and families to
play an active role in their ongoing charitable giving.
Designated Funds
are designed to reflect the specific interests of a donor. Grant
distributions can be targeted for specific nonprofit organizations,
geographic areas, or specific populations.
Supporting Organizations,
also called a "foundation within a foundation," serve as another
alternative to a private or family foundation. Call us for more
information on this option.
Scholarship Funds can provide students with tremendous opportunities to advance their education.
Memorial or Honorary Funds help establish a way to honor or remember significant people in our lives.
Unrestricted Funds
provide the greatest flexibility for the Community Foundation to
respond quickly and thoughtfully to community needs as they change over
time. Funds can carry your name or a family name in perpetuity.
OTHER OPTIONS
Charitable Lead Trust A
donor places assets in trust and specifies that a fixed amount or fixed
percentage of the value of the trust each year will be paid to charity
for a period of years. At the end of the trust term, the principal of
the trust passes intact to a named individual beneficiary (or
beneficiaries).
Charitable Remainder Trust A
donor places assets in trust and specifies that either a fixed dollar
amount or a fixed percentage of the trust's value will be paid to a
beneficiary (usually the donor, spouse, and/or children) for a period
of years or for the life of the beneficiary. At the same time, you
specify that the remaining principal, at the end of the trust term,
will go to charity.
Gift Annuities This
is a simple contract between the donor and the Community Foundation. In
exchange for the donor's contribution, the Community Foundation
promises to make fixed, guaranteed payments for life to one or two
annuitants (usually, but not necessarily, the donor). The amount paid
is based on the age of the annuitant at the time of the gift in
accordance with the Foundation's regularly updated software for gift
annuity rates.
For those who already have a private or family foundation, remember that we can provide a full range of administrative services.
Private and family foundations often use community foundation services
for grants outside the primary mission of their foundation. In
addition, they often create donor advised funds for succeeding
generations of family members to give them first hand experience with
grant-making skills. Private and family foundations will also transfer
part or all of their assets to a donor advised fund in a community
foundation because of the tax advantages, convenience, and flexibility
the Community Foundation provides.
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