As individuals, families, and businesses get more involved in charitable giving, it’s not uncommon to become overwhelmed with all the options for supporting favorite charities. Plus, it can be hard to know what really makes a difference.
The Princeton Area Community Foundation is here to help make charitable giving easy, flexible, and effective. Our team loves learning that people are often pleasantly surprised when they begin working with the Community Foundation to make a difference in our region’s quality of life. Here some of the sentiments we’ve heard over the years:
- We had no idea that the paperwork to set up a fund would be so straightforward. Had we known our family fund could be set up in less than an hour, we would have done it a long time ago.
- In this day and age of 1-800 numbers and online chatbots, it’s refreshing to have a real life conversation with knowledgeable professionals. I know I can ask any question and get a fast and friendly response that goes above and beyond my expectations.
- We feel so good about being part of a large, diverse, local, family of giving. We love knowing that we are ‘in this together’ with other donors who are supporting their own favorite causes and it all rolls up to the collective good for our community.
Community foundations are designed to make charitable giving straightforward and impactful for donors by providing expert guidance, streamlined processes, and a high level of flexibility.
One of the most significant ways we simplify the giving process is by handling all administrative and tax-related details. For example, when you make a single contribution of appreciated stock to a donor-advised fund to support all your annual giving, you receive a single tax receipt for the gift, regardless of how many grants are made from that fund to various nonprofits throughout the year. This eliminates the need for multiple receipts and simplifies tax reporting, making it easier for you to document deductions and keep your records organized. Additionally, the Community Foundation provides written acknowledgments for gifts and handles all necessary IRS documentation, further reducing the administrative burden on you and your family.
Another key advantage is the Community Foundation’s ability to accept a wide range of assets as charitable gifts, including not only cash or marketable securities, but also complex assets such as real estate, closely-held business interests, mineral rights, retirement accounts, life insurance policies, and even agricultural assets. This flexibility helps ensure that you can support your favorite causes in the most tax-efficient way possible.
Contact Us
Whether you are considering a new gift, planning a legacy, or simply seeking advice on maximizing the impact of your philanthropy, the Community Foundation provides ongoing support and local expertise. We simplify the legwork so you can focus on the joy and meaning of giving and the positive difference you are making in the lives of others. Please reach out to the Community Foundation team anytime!
For more information, contact Marcia Shackelford, Chief Philanthropy Officer, at mshackelford@pacf.org.
