- How can I give to The Community Foundation?
- How do I set up my own fund and is there a cost?
- I always thought foundations were for affluent people. Why should I consider giving a small amount to The Community Foundation?
- What are the financial benefits and tax advantages of giving through The Community Foundation?
- What do you fund?
- Why be a donor?
How can I give to The Community Foundation?
There are many ways to give to The Community Foundation. While some people prefer the simplicity of cash, we are able to accept a variety of other gifts such as securities and real estate. Planned giving options, such as gifts through trusts and estate plans, are also an option for donors wishing to join our Legacy Society. Plus, all gifts receive the maximum tax deduction allowed by law.
How do I set up my own fund and is there a cost?
There is no fund set up fee at the Foundation; however, there is an annual fee, depending on the type of fund established. The first step is determining what you would like to accomplish. It may be helpful to learn more about some of our existing funds.
The minimum to start a fund is $10,000 for most funds, $25,000 for scholarship funds. Fees vary by fund type but range from 1%-3%.
Creating a fund at The Community Foundation is a great way to create your own legacy or honor or memorialize a loved one. Please contact us to learn more about starting a fund.
I always thought foundations were for affluent people. Why should I consider giving a small amount to The Community Foundation?
The Community Foundation serves the entire Muncie and Delaware County community by combining the resources of all donors to maximize the impact of even the most modest contributions. During the Foundation’s history, we have received gifts of $1 to gifts of more than $1 million. Gifts of any size make a difference and are always appreciated.
In fact, each year we see significantly more gifts under $100, than gifts over that mark. The size of the gift doesn’t matter when members of the community come together to support one another – we can all make big impact together.
What are the financial benefits and tax advantages of giving through The Community Foundation?
Using the Foundation to give is personal, simple and flexible. Because the legal tools are already in place, and existing forms are available, a fund can be established - and all applicable tax advantages can be obtained - in a very short time.
There are many ways to give to the Foundation. Working with your professional advisors and our staff, we can help you identify how your resources can best be put to use to provide you with financial benefit and meet your charitable goals. Utilizing specific types of gifts such as life insurance, charitable trusts and establishing certain types of funds like unrestricted or donor advised funds can provide financial benefits and tax advantages.
Just as each of our donors is unique, each donor’s giving decisions impact their financial and tax benefits. Contact us today to discuss the ways that we can help maximize your advantages through your gift.
What do you fund?
The Community Foundation of Muncie and Delaware County, Inc., makes grants to nonprofit organizations working in areas of arts and culture, community betterment, economic development, education, and human services.
We offer a variety of grant programs such as:
- Quarterly competitive grants funded through our unrestricted and field of interest funds.
- Teacher grants funded through our Robert P. Bell Education Grants program.
- Donor advised grants which gives donors the ability to make recommendations as to which nonprofit organizations should receive a grant.
- Scholarships to help students achieve their educational goals.
The Community Foundation’s endowed funds grant more than $2.5 million back into the community each year, and as our endowment grows, so does that amount. Learn more about our grantees.
Why be a donor?
To support your community and the things you care about. We offer considerable expertise regarding the needs and opportunities within Muncie and Delaware County. We are always here to talk with you about the best ways to direct your donations to meet your personal philanthropic goals. We strive to provide personalized ways to give.
You can read more about why others in our community choose to donate on our donors page, or feel free to contact us anytime to discuss your charitable desires and how The Community Foundation might help you meet your goals.
We aim to be a true resource for our community and are able to put to use gifts both small and large.