What is a community foundation?
What’s in a name? A lot at the Christian Community Foundation! If you’re a part of our family of donors, you are likely familiar with the meaning of our name. However, if you’re new, you may be asking yourself, “What is a community foundation?” Simply put, a community foundation is an organization that acts as a conduit for giving, but let’s dig a little deeper and find out more about community foundations and the benefits they offer their givers.
A tax-exempt nonprofit organization
When you give through your donor-advised fund at a community foundation, you are immediately eligible for a tax deduction. Once the funds are in your account, it stays there until you decide to give it away. Not only are you helping others in your community, but you’re benefiting too!
Benefits a specific geographic area
Typically, community foundations focus on giving within the community surrounding the organization. The beauty of CCF is that you can give to your community and/or any other charitable organization throughout the world so long as the organization does not stand against Christian values. Another benefit of CCF is the Hope for Memphis Fund. This fund’s mission is to create more sustainable and effective Christian ministries and leaders who are seeking citywide transformation. The recipients of this fund must be located within the Mid- South. As a CCF family member, the surplus funds earned from your donor-advised fund are added to the Hope for Memphis Fund – meaning you’re contributing to the goodness that is spread thanks to the Fund!
Additional resources
Community foundations offer resources to assist its donors in executing their giving strategies. Staff members assist you in creating your giving strategy, developing a donation plan that’s best for you and your family, and work with you to execute it efficiently and strategically. As a member of CCF, we’re a call away if you ever need anything or have questions. Don’t hesitate to give us a call at 901-682-6201.
If you’re looking to embark on a giving journey, we’re here to help. We love adding to our growing giving family and spreading the Gospel through CCF and its mission.