Fund & Asset Types
Each of our 7 fund types have various capabilities and requirements to best serve your clients. They can be kept liquid or invested in one of various investment pools. Learn more about our fund management.
We offer the following fund types which can all be endowed:
Donor Advised Fund
The most flexible fund type, this fund allows the donor to make a charitable contribution, receive an immediate tax benefit, and then recommend grants from the fund over time. Grants can be made to charities, education and religious entities.
Agency Fund
Established by a nonprofit organization with its own funds, this is a great tool for an organization to invest and create long term sustainability by starting an endowment.
Designated Organization
Allows a donor to choose up to three organizations to receive annual grants – a great tool to use as part of the charitable giving in an estate plan.
Scholarship
Helps donors invest in our community’s future and show students they care. Scholarships help students—from preschool to postgraduate—achieve their lifetime dreams. Funds must go toward education and tuition expenses.
Support Organization
Offers an excellent alternative to a private foundation, with only a fraction of the administrative responsibilities. When private foundations want to offload their administration, they can become “support organizations” within the Foundation. This fund type is a smart solution for the next generation of family foundations. Support Organizations can accept donations from the public and are not restricted by annual payouts allowing donors to grow their philanthropic resources and fund larger projects over time.
Fiscal Sponsorship
Used to support a start up, community benefit initiative or when an entity wants to create and fund a charitable project (e.g. bike drives, neighborhood clean ups, etc.)
Field of Interest
The donor identifies specific areas of interest (such as education, environment) and our talented Impact Team, along with the Foundation Board’s Program Review Committee, builds an annual grantmaking strategy to support the specified area(s). An endowed Field of Interest Fund is a great tool for an estate plan because the donor can be confident knowing their investment will forever support the focus area they care about.
Asset Types
We want to make philanthropy painless for your clients and accept the following asset types to make gifting mutually beneficial:
Cash
Cash contributions can be made using a check, credit card, or wire. This is the simplest way to make a charitable contribution. Cash gifts are fully deductible for federal income purposes, less any value received.
Securities
Gifts of appreciated securities – stocks and bonds, including stocks in closely held companies — provide important tax advantages to the donor. The full fair market value of the donated appreciated securities is deductible as a charitable contribution for federal income tax purposes, with no capital gains liability.
Life Insurance
A gift of life insurance is another way to make a substantial contribution. By assigning ownership to the Foundation, the donor can receive a tax deduction for the cash value of the policy and the premiums paid each year.
Real Estate
A gift of real estate can provide many tax advantages, including as an alternative to 1031 exchanges. Gifting a residence, vacation home, commercial building, ranch land, or vacant property through a trust can also provide lifetime income. The Foundation manages the transaction and liquidates the property with the income going into the fund of your choice.
Retirement Plan Assets
Using IRAs and other retirement plan assets is a thoughtful way to make a charitable contribution. It provides the donor with a number of significant financial and tax advantages. Unlike many assets, retirement plan assets are potentially subject to both income and estate taxes. Naming the Foundation or your fund as the beneficiary of a retirement plan—including IRAs, 401(k), and profit sharing— may possibly eliminate estate and income taxes in some cases. Ask us about your Required Minimum Distributions!
Private Foundations
A private foundation can make a direct gift or transfer all or part of its assets to the Foundation. The identity and purpose of the original donor(s) are preserved, and the donor or others designated by the donor can participate as fund advisors, while we manage the administration. This is a great way to prolong a legacy or make the transition to the next generation without the burden of private foundation administration falling on descendants.
Crop Gifting
Crop Gifting is a tax-efficient way for growers to donate a portion of their harvest to the Foundation or their fund. We take ownership of the commodity and then sell and deposit the net proceeds into the fund of your choice. For cash basis growers, crop gifting offers a way to make a lasting difference in their communities.
Disclaimer: The content included on this page is for informational purposes only and does not constitute legal or tax advice. Please consult your professional advisor for legal and tax advice specific to your situation. Central Valley Community Foundation reserves the right to determine whether it will receive any gift prior to the transaction.