|
 |
|
| |
What is a Community Foundation?
A community foundation is a collection of funds established by individuals, families, corporations and nonprofit agencies to enhance the quality of life in a local area. These funds are pooled and, with professional money management, invested by a board of directors comprised of community leaders. Funds may be distributed as grants by the community foundation on the recommendation of donors and subject to the approval of the board.
Like its 650+ national counterparts, the Greater Houston Community Foundation is a fully tax-exempt public charity formed to serve a wide range of donors concerned about quality-of-life issues, locally and nationally.
A community foundation such as GHCF can customize a fund account of lasting value and impact to meet specific philanthropic objectives. Grants made from a donor’s fund are given in the donor’s name to agencies selected by the donor. Any charitable cause in the United States can be a grant recipient from a donor fund.
- Your giving is personalized. Your fund may be established in your name, your family name, or any other name you select.
- We help you to create a family legacy of giving, to pass the “philanthropic gene” to the next generation.
- A community foundation offers the greatest tax advantage.
- We accept a wide variety of assets, including hard to value assets.
- Our Board of Directors and Investment Committee are prudent stewards of the funds which have been entrusted to them.
Community foundations enjoy a higher level of confidentiality than private foundations. Access to information on fund balances and grants recommended is limited to a few staff members.
|
| |
|
|
|
|
