Create a Fund

An overview of the Austin Lacey Fund from Community Foundation of South AL on Vimeo.



A personalized fund at The Community Foundation allows you to support the issues and nonprofit organizations that matter most to you. A variety of fund types provide the flexibility for you to be as active as you wish, recognize your family or business, grow the charitable fund through investment and gain an immediate tax deduction.

Turn your gift into a lasting legacy by establishing a permanently endowed fund bearing your family or business name. Let us help you build a tradition of giving that will last forever.

Opening Your Gift Fund
Most charitable gift funds can be established with a minimum contribution of $5,000.
Naming Your Fund
Funds may be named for family, loved ones, businesses or you can choose to remain anonymous.

Tax Advantages of Giving
The Community Foundation of South Alabama is a public charity as classified under Section 501 (c)(3) of the Internal Revenue Service code. All contributions to The Community Foundation are fully tax deductible.

What This Means To You
Contributions to funds at The Community Foundation of South Alabama are tax deductible in the year they are made. Charitable gifts can then be distributed over time.

Cash contributions are fully deductible up to 50% of adjusted gross income. The deduction for cash contributions that exceed 50% of your adjusted gross income may be spread over a six year period to get the full deduction.

Gifts of publicly traded securities are generally deductible at 100% of the fair market value, including capital gain, up to 30% of your adjusted gross income and may be spread over a six year period to get the full deduction.

Gifts of private assets (e.g. real estate, private company stock) are deductible at their fair market value up to 30% of your adjusted gross income and may be spread over a six year period to get the full deduction.

Estate taxes can take a huge bite out of the assets you have built over your lifetime. A charitable fund is a way to manage estate tax issues for your heirs. The assets you contribute to your charitable fund during your lifetime are not subject to estate taxes.

Gifts received through an estate are generally 100% deductible for estate tax purposes with no limitation.

Types of Assets Accepted
Cash
Publicly Traded Securities
Bonds
Mutual Fund Shares
Private Securities
Real Property
Tangible Personal Property
Life Insurance Policies
Retirement Assets (IRAs, retirement plans)
Trust Assets
Estate Assets

Gift and fund acceptance policy is available upon request, contact a member of our team at 251.438.5591.

Power of Endowment
When you create a permanently endowed charitable fund at The Community Foundation of South Alabama, your community will benefit forever. Your gift is invested and the earnings from your fund are used to make grants to address community needs in perpetuity. Your fund provides a permanent source of community capital that will continue to produce good work forever.

Your Gift Will Benefit Future Generations
Let us suppose you make a charitable gift today of $100,000. Based upon an investment return of 6% and grant distributions of 5%, your charitable fund in 10 years will have distributed over $60,000 in grants. In 40 years your fund will have awarded more than $250,000 in grants and the fund balance will have grown to over $133,000. Through the power of endowment, grant awards from your fund far surpass your original contribution.

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Leave A Legacy
By endowing your gift, you can make a difference in your community during your lifetime and provide a gift that lasts forever. Your gift will generate an everlasting stream of grants made in the name of your fund.

Opening Your Fund
A permanently endowed charitable fund can be established with a minimum contribution of $5,000. Give us a call to help you calculate the potential of your endowed gift. For more information contact The Community Foundation of South Alabama at 251.438.5591.