ENDOWMENT GIVING

 
ENDOWMENT FUNDS
 

Endowment funds provide financial support for your favorite charities now and into the future and give you the degree of control you desire in distributing your income to a specific fund.

Unrestricted Funds. By establishing an unrestricted fund or by designating a portion of your fund for unrestricted use, you place your trust in us to use our years of experience and community knowledge to determine where grant money is needed most.  Unrestricted funds provide the Foundation the most flexibility for making grants.  They enable Compassion International Foundation to help address our region’s changing needs by increasing discretionary grant awards and undertaking new initiatives.  These funds are vital for the support of many local not-for-profit organizations that enhance the quality of life in our community.

Field-of-Interest Funds.  If you have a particular area of interest – such as children, education, the arts, health or the environment – but want us to use the Foundation’s knowledge to determine where community need is greatest, a field-of-interest fund can be an excellent option.

Donor Advised Funds. With a Donor Advised Fund, you are actively involved in the distribution of your gifts by making periodic grant recommendations to support organizations and activities that are of interest to you.

Donor Designated Funds. You may designate specific agencies or purposes to receive your gifts.  This allows you optimum control over your distributions.  If your designated organization ceases to exist or loses its non-profit status, we will help choose a similar beneficiary that can best carry out your original intent.

Scholarship Funds. You may choose to encourage education by providing scholarships, based upon academic interest or other criteria, to deserving students.  You also may select a scholarship advisory committee and the guidelines for candidate selection, requirements and award use.  Many such funds utilize the Foundation’s experience and capable staff support to help administer and award the scholarship.

 
PRIVATE ENDOWMENT FOUNDATION
 

A private endowment is a great community asset and is an ideal solution for some philanthropic individuals.  Establishing an endowment (long-term) fund offer, tax savings, less administrative hassles and lower operational costs associated, and provide an attractive alternative than traditional forms of giving.

Whether you want to leave a bequest in your will or be an active donor during your lifetime, there are many advantages to using Compassion International Foundation as a vehicle for your charitable giving.  We can help you:

 
Achieve your charitable goals efficiently and effectively
Save on administrative and legal costs
Avoid restrictions and potential penalties imposed on private foundations by the Internal Revenue Service
Achieve valuable tax savings
 
 
21 REASONS TO ESTABLISH AN ENDOWMENT WITH A FOUNDATION
 
1 Legal Entity Established by III Cord Foundation, Inc.
2 Tax Status Public charity
3 Valuation of gifts, other than publicly traded stock Fair market value
4 Tax Deductibility of Donations 50% of AGI for cash gifts; 30% of AGI for long-term capital gains upon certification by IRS.
5 Taxes paid None
6 Tax Returns (State & Federal) Separate fund report not needed
7 Annual Payout Required None
8 Governance Not required
9 Legal & Tax Counsel Retained by Compassion International Foundation
10 Accounting & Audit All funds consolidated, no separate report
11 Grants Suggested by donor & those appointed by donor
12 Assets Investments pooled
13 Asset Investment Policy & mechanisms set, results measured & monitored
14 Fund Corpus Ability to invade corpus determined by Donor at inception of fund
15 Knowledgeable Staff In place
16 Administration In place through III Cord Foundation
17 Public Report Part of the Compassion International Foundation report
18 Operating Expenses Paid to  III Cord Foundation; currently 5% annually on first million; 1% on assets over one million
19 D & O Insurance, Surety Bonds In Place
20 Gift Acceptance Policy & Procedure Established by  III Cord Foundation
21 Complex Gift Planning In place through  III Cord Foundation
 
 

If you want to use your resources to make a difference through a Christian centered foundation, please call us for additional information at:

 
 

Board Members
Tracey Goodner, Chairperson
Marcel Pratt, Treasurer
Evan Murnighan
Christine C. Goodner
David Pye
Horace Bell
Janice Solomon


Staff
Rev. Dr. Donald C. Taylor, Senior Advisor
 

III CORD FOUNDATION

P.O. Box 16032
Phoenix, AZ 85011-6032

Tel.:  (602) 589-5500
Fax :  (602) 589-5005

Email : iiicordfoundation@yahoo.com

 
 

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