Working together for the greater good of the community – this is what the best leaders do.
With the creation of an Affiliate Fund at The Community Foundation of South Alabama, the leaders of your community can join together to make a lasting impact on the citizens you serve. Through a concerted grant-making effort, the effects of the fund can be felt for generations to come.
An affiliate can be established with a $25,000 minimum field of interest fund. It represents one community and is led by an advisory committee of residents from that community. The affiliate fund is charged with carrying out the mission of the Foundation.
Committee members make recommendations about how the charitable dollars are spent, and the Foundation bears the legal responsibility to ensure that the funds are then used in compliance with donor intent.
BENEFITS OF AN AFFILIATE FUND
An Affiliate Fund has access to the Foundation’s financial and administrative services. The Foundation has the sole responsibility for all day-to-day financial activities, including recording contributions; making disbursements; cash management; tax filings; obtaining an audit of its financial statements by an independent CPA firm and issuing the fund’s financial reports.
The Foundation is a 501(c)3 tax exempt organization, which enables an affiliate to receive tax-deductible contributions. The Foundation issues charitable receipts conforming to IRS standards.
We accept a wide variety of gifts such as cash, appreciated stocks, real estate or other assets.