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© 2014 The Dayton Foundation All rights reserved worldwide.
Phone: (937) 222-0410
info@daytonfoundation.org


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Types of Funds

Helping people and organizations make a difference to the causes they care most about is what we do. We can assist you in finding the right charitable fund to meet your charitable-giving plans and that works within your family's financial- or estate-planning needs.

Charitable Checking AccountSM Service
- offers a donor-directed fund for handling primarily temporary, charitable dollars for individuals, companies and nonprofit organizations

Endowed Funds
- provides financial support for your favorite charities now and into the future and gives you the degree of control you desire in distributing your fund's income

Alternatives to a Private Foundation
- including Family Foundation PlusSM and Family Foundation PlusSM-Advised, offers more cost-effective alternatives that also benefit from the Foundation's investment, administrative and charitable giving support


CHARITABLE CHECKING ACCOUNTSSM
If you make regular gifts to charity and want favorable tax benefits, the Charitable Checking Account Service is for you. The Dayton Foundation's Charitable Checking Account Service is a donor-directed fund program for handling primarily temporary, charitable dollars for individuals, companies and nonprofit organizations.

The Service allows you to combine favorable tax benefits with the flexibility to support your favorite IRS-approved charities in the Greater Dayton Region or throughout the U.S. at any time.

Learn more about the Charitable Checking Account Service and why professional advisors and individuals like yourself love this giving option.



Acrobat PDF fileMore information about The Dayton Foundation's Charitable Checking AccountSM Service is available in our brochures, The Charitable Checking AccountSM Service and in Guidelines for Using Your Charitable Checking AccountSM.

ENDOWED 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 fund's income.

There are five types of endowment (long-term) funds.

Unrestricted Funds (Community Impact Endowment 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 enable The Dayton Foundation to help address our region's changing needs by increasing discretionary grant awards and undertaking new community initiatives. These funds are vital for the support of many local not-for-profit organizations that enhance our quality of life.




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.


Learn more about donor-advised funds.


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 nonprofit status, we will help choose a similar beneficiary that can best carry out your original intent.


Learn more about donor-designated funds.


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 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.

Students and their parents also can search for available Dayton Foundation scholarships through ScholarshipCONNECT, our online scholarship directory.

Joe Baldasare"Scholarship funds are an excellent way to honor a special achievement or memorialize a loved one. The Foundation manages more than 120 scholarship funds for donors across the Greater Dayton Region. Contact me, Joe Baldasare, vice president for Development, for more information."

More information about establishing a scholarship fund is available in our brochure "Scholarship Funds.

ALTERNATIVES TO A PRIVATE FOUNDATION
We offer several alternatives to establishing a private foundation to help you and your family accomplish your long- and short-term charitable giving goals.

Family Foundation PlusSM (New Foundation). The Dayton Foundation's Family Foundation Plus is a first-in-the-nation service that offers many of the advantages of a private foundation, plus all of the benefits of a community foundation.

With a minimum threshold of $250,000 and no start-up expenses, Family Foundation Plus is a more economical and less burdensome way to establish a family foundation.

With Family Foundation Plus, you can benefit from:
• donor-directed giving to qualified charities of your choice,
• family involvement through generations,
• no separate annual 990 filings,
• more favorable tax treatment, including significantly greater tax deductibility of donations,
• the ability to give anonymously, if you so choose, and
• no separate accounting or legal fees, among other benefits.

Similar to a private foundation, a Family Foundation Plus fund is invested and participates in market growth. Compare all of the benefits here.

In addition, Family Foundation Plus donors have the added benefit of the Foundation's experienced staff – grantmaking, investment, administration, charitable gift expertise – to assist them at a fraction of the cost of administering a private foundation.


Click here for a scenario illustrating the benefits of opening a Family Foundation PlusSM fund.

Acrobat PDF fileMore information about Family Foundation Plus is available in The Dayton Foundation's brochure, Better Than a Private Foundation: Family Foundation Plus.

Family Foundation PlusSM—Advised (Existing Foundation Transfer). Offering many of the same benefits as Family Foundation Plus, Family Foundation Plus—Advised is an advised fund option, enabling individuals with current private foundations to roll them into this donor service vehicle. Benefits of this gift option include:
• family involvement through generations,
• added tax benefits,
• no separate 990 tax filings,
• lower cost,
• increased flexibility,
• the ability to give anonymously, if you so choose, and
• the ability to determine annual disbursements, unconstrained by a minimum 5 percent payout requirement, among other benefits.


Acrobat PDF fileMore information about Family Foundation Plus—Advised is available in The Dayton Foundation's brochure, Better Than a Private Foundation: Family Foundation Plus—Advised.

Supporting Organizations. Supporting Organizations are excellent alternatives to private foundations. They have their own board that makes its own decisions and have their own 501(c)(3) tax-exempt status from the IRS.

Supporting Organizations (frequently begun as family foundations) give donors many of the advantages and controls of a private foundation, but with few of the disadvantages and with all of the advantages of public charity status.

Through this affiliation, they may avoid being subjected to the rules and compliance requirements of private foundations and better utilize resources for greater charitable purposes. It gives individuals, families and organizations access to The Dayton Foundation's institutional experience and its well-established practices, policies and procedures.

The benefits of establishing a Supporting Organization include:
• maintain involvement and a high degree of control
• preserve your family's service to the community through your own family foundation
• conduct charitable giving effectively and with no required annual minimum distribution
• maximize tax advantages/minimize income taxes; pay no excise taxes
• gain access to our knowledge of nonprofit organizations and community needs
• may retain your own legal counsel, tax counsel and fund managers
• access our technical support, as needed

Donor-Advised Funds. See above description.

 

 


The Dayton Foundation. We Help You Help Others
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File date: 08-01-2014
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