ESTABLISHING A FUND

Solano Community Foundation provides you a simple, powerful, and highly personal approach to giving. We offer a variety of giving tools to help you achieve your charitable goals. You can make a gift of cash, stocks, bonds, real estate, or other assets to your community foundation. Most charitable gifts qualify for maximum tax advantage under federal law.

Each donor has a unique giving experience, tailored to suit your situation and goals. Here are the basics — how you can create a Fund at Solano Community Foundation. For details, contact Stephanie Wolf.

You make a gift to your community foundation. You can give cash, appreciated stocks, real estate, or other assets.
We set up a special Fund in your name, in the name of your family or business, or in honor of any person or organization you choose.
You receive tax benefits in the year your gift is made.
Based on the type of Fund you establish, you may be able to stay involved in the good works your gift makes possible. You can recommend an area or organization you’d like your gift to support, or rely on the community foundation’s experienced staff to determine and address the areas of greatest need in our community.
Our board issues grants in the name of the Fund you establish. If you prefer, grants can be made anonymously.
We handle all the administrative details.
Your gift can be placed into an endowment that is invested over time. Earnings from your Fund are used to make grants addressing community needs. Your gift –and all future earnings from your gift –is a permanent source of community capital, helping do good work forever.

TYPES OF FUNDS

There are different types of Funds at the Solano Community Foundation.

Endowed or Non-Endowed: Funds are either Endowed or Non-Endowed. Endowed funds are permanent and remain under the management of the Solano Community Foundation in perpetuity, continuing to benefit the organizations and causes you select forever. Non-endowed Funds are not permanent. Both types of Funds earn dividends and gains and are assessed administrative fees. To learn about costs and Fund minimums, click here.

Legal Donor Advised Funds or Scholarship Funds: If your Fund is established for the benefit of local nonprofit organizations, it is called a Legal Donor Advised Fund (LDAF). An LDAF can be either endowed or non-endowed. Some LDAF’s are designated to help a specific organization. These are called “Designated Funds”. If your LDAF is intended to provide support for organizations working in specific areas (the arts, environment, education, youth, seniors, veterans, etc.), it is called a “Field of Interest Fund.” If your Fund is intended to provide scholarships, it is called a Scholarship Fund (and can be either endowed or non-endowed). Scholarship Funds are subject to specific rules (see the Rules for All Funds) and such grants are made to the institution the student plans to attend, not to the student directly.

LEARN MORE

There is so much more we’d like you to know. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact Stephanie Wolf.

Ideas for Giving:

Tools for Giving - Family Values

Tools for Giving - Back to Community