Frequently Asked Questions
To open a noninvested donor-advised fund, the initial tax-deductible gift must be $2,500 or more. To establish an invested fund, the minimum gift is $10,000.
With a balance of more than $10,000 or more, a donor can change to invest their fund. CCF will charge its customary administrative fees based on the prevailing schedule for such fees (which is subject to revision or amendment per requirement). Please see the donor-advised fund agreement for schedule details.
Administrative fees vary based on account balances. Please see number 6 on the donor-advised fund agreement for fee structure details.
Fees charged on invested funds are generally more than offset by the income and capital gains that are earned and retained by the fund. In addition, since July 1, 2006, fees earned by Christian Community Foundation are given away to ministries making a difference in Memphis through our Hope for Memphis Fund. The Hope for Memphis Fund allows donors to give twice: once through your fund and once through the Hope for Memphis Fund.
All grant recommendations must be properly documented according to IRS standards. These can be easily made online at Donor Central. Please call our office at 901-682-6201 if you need assistance.
Any United States-based agency that is a recognized 501(c)(3) of the Internal Revenue Code may receive a grant from a Christian Community Foundation donor-advised fund. However, all grant requests are reviewed and approved by the grant review committee of the Christian Community Foundation board of directors.
Organizations openly antithetical to Christian beliefs will not be approved. Grants cannot be awarded to individuals. Donors also may not receive tangible benefits from a grant. These include items such as tuition, meals, concert tickets and museum membership benefits.
We request a minimum grant recommendation of $50.
No fees are charged for recommending grants.
You can add to your fund at any time with a gift of any amount.
You may recommend a grant at any time. Grants are paid every other week in the months of January through November. Due to donor demand, grants are processed every week in the month of December. Recommendations must be made no later than Wednesday at noon in order to be processed that week. Advisors will receive written acknowledgment of all grants after they are paid.
You can give stock, mutual funds, retirement fund assets, real estate and/or other tangible property.
Yes, advisors can request that grants be awarded anonymously. You can also choose a name for your fund other than your name or your family’s name.
Statements are uploaded to Donor Central quarterly, usually a week before the end of the following month.
Your fund’s balance can be determined by accessing Donor Central. If you have any issues, please call or email us.
The Hope for Memphis Fund was established by the Christian Community Foundation in 2006 to invest strategically in Christian organizations seeking city transformation spiritually, academically, economically and relationally.
The Hope for Memphis Fund issues grants from the surplus and earnings of the Christian Community Foundation and from donations made to the Fund. Grant recipients are Christian ministries primarily serving the economically disadvantaged residents of Memphis and the Mid-South region. A primary focus of the Fund is to make grants that improve effectiveness and build capacity of existing ministries.
The Hope for Memphis Fund committee considers grant applications twice a year based on the designated time frame related to each cycle.
Donors who contribute stock and other appreciated assets are eligible for tax deductions and may reduce or eliminate liability for capital gains taxes. It is also useful to take charitable deductions in years of high income but make grant requests in years of lower income or retirement. Donors are strongly advised to consult with their tax advisors when making these decisions.
Donors may wish to make larger contributions to their fund in high income years prior to retirement. This allows donors to take maximum advantage of tax deductions during their highest income earning years and have it invested tax-free, allowing them to give during retirement when their income is reduced.
There are also many ways a charitable fund can help a donor reduce estate taxes, preserve retirement assets for family members and provide gifts for charity. CCF’s professional staff works closely with attorneys, accountants and other advisors to help donors make the best choices for their families.
Since CCF is a public charity, there are fewer Internal Revenue restrictions for gifts and grants compared to a private foundation. Generally, donors receive a higher tax deduction for contributions. Additionally, donor-advised funds are not subject to excise taxes and have no payout requirement. An alternative to creating a donor-advised fund is establishing a supporting organization at the Foundation. Supporting organizations offer the advantages of a donor-advised fund but are governed more like a private foundation.
At CCF, we are committed to protecting individual privacy and will not share personal information with outside parties.
We limit access of personal information to only those who need to know in order to produce compliance reporting, service your account and provide you with a broad range of services and products. Our employees, representatives and agents are required to maintain and protect the confidentiality of your personal information and must follow established privacy procedures. Donor names or amounts of donations are not revealed to the board of directors of the Foundation. We maintain physical, electronic and procedural safeguards to protect your personal information.