Grants supporting nonprofits (various donor-advised funds) is a grant program administered by the Community Foundation of Northern Nevada that distributes funds from individual donor-advised funds to qualifying nonprofits throughout Northern Nevada. The Community Foundation manages donor giving by connecting fund advisors with vetted nonprofit organizations and open requests for proposals.

Donors recommend grants online or by email, and the Foundation handles grant administration, including due diligence and recognition. Award amounts vary by fund, and specific eligibility requirements depend on the individual fund and active RFPs. Eligible applicants are nonprofit organizations in good standing.

Donor Advised Fund | Community Foundation of Northern Nevada A Simple, Highly Personal Approach to Charitable Giving Some donors want a simple way to optimize their giving; others are experiencing a one-time financial or tax event that calls for making a large charitable gift. You may want to make your philanthropy a family venture.

Either way, establishing a named Donor-Advised Fund at the Community Foundation – adding to it any time, in any amount – may be the right choice for you, your family, or your business. Contact Lyndsey Crossley, CAP , Philanthropic Advisor Email or call us at 775-333-5499 to talk about the benefits of a Community Foundation Donor Advised Fund to you, your tax situation, and to your community. Email Lyndsey Call 775-333-5499 Ext.

120 Donor Advised Funds allow you to make a gift to the Community Foundation and be actively involved in recommending grants. While they share many of the same charitable attributes, a donor advised fund is less expensive than a Private Foundation, with benefits that last for generations.

Here's how a donor advised fund works: A few of the benefits you receive with a Community Foundation donor advised fund You receive expert service and flexibility so you can focus on the joy and excitement of making a difference. Your Community Foundation philanthropic advisor’s in-depth knowledge and Nevada connections work to help you make the most impact.

Grant administration ensures the recognition you deserve or the absolute privacy you may desire. You receive maximum tax deductions at the time of your gift and eliminate capital gains tax on donated appreciated securities and property. You are invited to exclusive educational and networking events for our donors, fund advisors, and board.

You can recommend grants online or by email whenever inspiration strikes - 24 hours a day. You may choose to name your fund for your family or a loved one. You also have the option to remain anonymous or assign a unique name reflecting your charitable mission and values.

We're glad to discuss your giving plans and help you learn more about how a donor-advised fund can benefit you and your community. Or, learn about the other types of funds offered by the Community Foundation of Northern Nevada Fundholders are invited to exclusive educational and networking events.

Assets we accept: Establish or add to a fund with any of the following Cash (cash equivalents, including credit card donations) Closely held, restricted or pre-IPO stock Real estate, partial interest in real estate or promissory notes Transfer of a private foundation Tangible personal property Royalties and distribution rights Business Interests, including partnerships and interests in LLCs Is your asset not listed here?

Contact us , we may be able to help. We recommend you consult with your financial or legal advisor to identify the optimum asset for your personal situation. Please contact us at the Community Foundation prior to initiating your gift so we can be prepared to assist you the moment you are ready to open or add to your fund.

See the differences between a private foundation and a named donor advised fund at the Community Foundation of Northern Nevada Private Foundation Donor Advised Fund Legal Entity Separate nonprofit entity Fund Tax Status Private Foundation Public Charity Taxation of Investment Income 2 percent, annually None Payout Requirement Grants must equal 5% of corpus annually None Deductibility of Gifts 20% AGI* for appreciated property, 30% AGI* for cash 30% AGI* for appreciated property, 50% AGI* for cash Administration Detailed annual IRS Filing All record keeping and accounting carried out by Community Foundation Grantmaking Expertise Professional staff (if any) The Community Foundation staff and program committee provide assistance to review requests and monitor grants Control Directors have complete control of distribution and responsibility for asset management Donor Advisor(s) makes grant recommendations, which the Community Foundation administers Cost Annual operating costs, including legal and accounting fees, insurance, office space, staff, and misc.

expenses No cost to establish a fund; annual philanthropic services fee of 1% to 1. 5% based on the average daily balance of fund Donor Discretion Must make available to the public the name and address of any substantial contributor A donor to a Community Foundation fund may remain anonymous * Adjusted gross income Philanthropic Advising Services are available when you open a Donor Advised Fund.

Your philanthropic advisor is your personal connection at the Community Foundation. Available services include: The highest level of discretion and anonymity if you desire, Research into the causes and nonprofits that interest you, Site visits to nonprofits, Publicizing fund RFPs and collecting grant applications, Development of a family, even intergenerational, philanthropic plan. When you have a fund you have a staff.

Create a donor advised fund with a $25,000 minimum gift. Site visits to nonprofits are one of the philanthropic advising services offered to fundholders. About Site Visits Donor Advised Fund Philanthropic Services Fee Your fund will be charged a philanthropic services fee ranging between .

05% to 1. 5% annually of the average daily balance of the fund. The philanthropic services fee will be reduced or adjusted, should the Fund exceed $1 million or other thresholds per the Fee and Fund Policy.

The philanthropic services fee is calculated on the daily average fund balance for the most recent month and paid monthly by automatic deduction from the Fund balance. Donor advised funds can be granted at any time. Choose an investment pool for your fund (long term, short term or cash) that fits your granting strategy.

You can update when needed. Donors often increase their charitable giving because the fund grows, tax-free through sound investing. Invest a portion of your fund’s assets in the Community Foundation impact investments.

Leverage your philanthropic dollars to make investments in nonprofits and social enterprises such as Veterans Housing in Reno and Sparks. Learn More about the Community Foundation Impact Investing. You can invest a portion of your fund assets in our Impact Investments in Veterans Housing in Reno and Sparks.

Impact Investing Download a sample Donor Advised fund agreement form. Previous “ It was not always easy for me, and I knew early on after I paid off my student loans that I wanted to be able to give back.

I like to give a boost to women who do not give up – to let them know that somebody sees them and cares ” - Meggin McIntosh, Fundholder “ I was born to a loving family who gave me a safe and beautiful home, sent me to good schools, provided me with many wonderful travel experiences, and gave me every opportunity to be successful.

All I want is to help others realize their dreams, reach their potential, and have a chance for success like I had ” - Jim Pfrommer, Past Board Chair “We were impressed by how easy it was to donate real estate. We are committed to raising our sons with a positive example of the need for and the power of philanthropy. The kids will be involved in our donor advised fund grant decisions.

” - Jeff and Allison Gorelick “ By giving now, I experience the blessing and joy. My children and grandchildren are the motivation behind the Legacy of Grace Foundation. I hope they will continue the Legacy of Grace Foundation as successor advisors and its good work with causes that move them ” “ It was not always easy for me, and I knew early on after I paid off my student loans that I wanted to be able to give back.

I like to give a boost to women who do not give up – to let them know that somebody sees them and cares ” - Meggin McIntosh, Fundholder “ I was born to a loving family who gave me a safe and beautiful home, sent me to good schools, provided me with many wonderful travel experiences, and gave me every opportunity to be successful.

All I want is to help others realize their dreams, reach their potential, and have a chance for success like I had ” - Jim Pfrommer, Past Board Chair “We were impressed by how easy it was to donate real estate. We are committed to raising our sons with a positive example of the need for and the power of philanthropy. The kids will be involved in our donor advised fund grant decisions.

” - Jeff and Allison Gorelick “ By giving now, I experience the blessing and joy. My children and grandchildren are the motivation behind the Legacy of Grace Foundation. I hope they will continue the Legacy of Grace Foundation as successor advisors and its good work with causes that move them ” “ It was not always easy for me, and I knew early on after I paid off my student loans that I wanted to be able to give back.

I like to give a boost to women who do not give up – to let them know that somebody sees them and cares ” - Meggin McIntosh, Fundholder Don’t fill this out if you’re human: