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Anyone can become a donor to the CFSEA.
It's as easy as 1, 2, 3...
A fund's name stays with it forever. Donors
may name the fund after themselves, their family
or a favorite cause, or create an memorial
for someone special. Every grant from the
fund, whether during the donor's lifetime or after,
will carry the name chosen by the donor. Funds
may also be anonymous.
Donors begin by working with CFSEA staff to design a
fund to meet their specific charitable
interests. CFSEA funds range in size and may
be added to at any time. Funds may be
established in one or more of the following ways
(these documents are available in Adobe PDF and MS
Word format:
Used by donors who want to play a significant role
in decisions about the use of the proceeds from
their fund. Advised fund donors may suggest to
the CFSEA Board specific grants to be made from
their fund. These may be made outside the
local area, unlike grants from unrestricted
funds. Donor Advised grants may also be made
for religious purposes. Donors may name a
second generation of advisors to continue after
their death.
Click below to download a sample Donor/Family
Advised Fund document
Created by donors who want their funds to support a
specific agency or several agencies in
perpetuity. CFSEA regularly reviews the
designated agency to insure that it continues to
serve the purposes and functions the donor
originally considered worthy of support.
Click below to download a sample Designated Fund
document
Used by donors and/or groups who wish to memorialize
an individual or cause. The Board of CFSEA
will use the return on the assets in the fund to
provide scholarship grants to eligible recipients.
Click below to download a sample Scholarship Fund
document
Preferred by donors who want their funds to always
address the community's most pressing needs.
The Board of CFSEA will use the return on the assets
in the fund to provide grants to community agencies.
Click below to download a sample Unrestricted
Fund document
Established by donors who want to support a broad
area of concern, such as education, the environment,
youth services, race relations, quality of life,
economic development, etc.
Click below to download a sample Field of
Interest Fund document
Established by agencies and their donors to serve as
an endowment supporting the organization's work.
Click below to download a sample Agency Endowment
Fund document
Donors can create a fund during their lifetime or
through a will or deferred gift that can benefit
both their families and a charity. Tax
deductions are earned at the time of the gift while
grants from the fund can continue to be made in the
future.
For both closely held stock and publicly traded
stock, the donor's charitable deduction is based
on the full market value at the time of the
gift. Capital gains tax on the stock's
appreciation is also avoided.
The donor establishes a fund at CFSEA with the
first or "leading" interest in his or
her trust. After a stated period of time,
the property in the trust passes or continues in
trust for others, usually the donor's children or
grandchildren.
The donor names CFSEA as owner and beneficiary of
an insurance policy to be used to establish a
future charitable fund. The donor earns an
immediate tax deduction, and any additional
premium payments are also deductible.
The donor and/or other named beneficiaries retain
a life income and earn immediate and long-term tax
benefits. Upon termination of the Trust,
assets go to a fund at CFSEA named and designated
by the donor.
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