What to expect when you meet with the community foundation team
At Community Foundation of the Gunnison Valley, we are honored to work with generous individuals and families like so many of you who’ve established funds to support the causes you care about and the needs of our community both now and in the future. We’re also inspired by those of you who are getting to know CFGV and considering establishing a Donor Advised Fund (DAF) or other type of fund.
Wherever you are in the stages of your philanthropic planning, the team at CFGV is here for you and considers our relationship to be personal. That’s why we welcome the opportunity to meet in person with our fund holders and prospective fund holders. Here are a few insights into what those meetings are all about.
You can expect personal, dedicated service
Unlike corporate DAF platforms where the help of a dedicated donor services team can be rare, the staff at CFGV is here to help you every step of the way along your charitable giving journey. Our team is happy to meet with you one-on-one, and we are also happy to join a meeting with you and your legal, tax, or financial advisor to assess your current situation and determine the best charitable tax strategy for you. This includes evaluating the best assets to give to your fund or funds at CFGV, including publicly-traded stock and even other noncash assets such as real estate or closely-held stock.
We care about your intentions for your fund
Your team at CFGV wants to understand the areas of interest that are a priority for you, whether that’s the arts, health care, social services, the environment, education, community development, or something else. We also want to understand the role you envision for the successor advisors you’ve named in the fund documentation, such as your children, who will make decisions about the fund when you are no longer living or able to manage the fund yourself.
We can help you establish additional funds to meet your goals
Sometimes when the team at CFGV is working with a fund holder to understand the intentions for a DAF, we discover that it’s worth adding one or more additional funds to complement the DAF structure already in place. For example, some fund holders decide to also establish a designated fund for a particular nonprofit organization or an unrestricted fund to support CFGV’s mission in perpetuity. Many times, fund holders decide to make recurring contributions over time to multiple funds at CFGV to achieve their various philanthropy goals.
We make the paperwork a breeze
Sometimes when the team at CFGV is working with a fund holder to understand the intentions for a DAF, we discover that it’s worth adding one or more additional funds to complement the DAF structure already in place. For example, some fund holders decide to also establish a designated fund for a particular nonprofit organization or an unrestricted fund to support CFGV’s mission in perpetuity. Many times, fund holders decide to make recurring contributions over time to multiple funds at CFGV to achieve their various philanthropy goals.
Other Fund Types
While DAFs are popular due to their flexibility, they’re not the right fund for every circumstance. We can help you explore creative ways to achieve your goals.
We’re always here to strategize about your giving options
As you periodically review your assets and financial situation with your advisors, keep an eye out for appreciated assets that could be ideal to give to your fund or funds at CFGV because of the potential capital gains tax savings. CFGV can work with you and your advisors on contributions of a wide variety of assets to help you achieve your tax and estate planning goals. We are happy to go over the appraisal and documentation requirements for gifts of nonmarketable assets such as closely-held stock and real estate.
Thank you!
Thank you for your commitment to philanthropy! If you’re already a fund holder, we are grateful that you’ve made the choice to organize your giving by working with CFGV. If you’re considering getting started, we look forward to continuing the conversation! In either case, we look forward to seeing you soon!
The team at CFGV is honored to serve as a resource and sounding board as you build your charitable plans and pursue your philanthropic objectives for making a difference in the community. This article is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice. Please consult your tax or legal advisor to learn how this information might apply to your own situation.
Simplified Summary
Community Foundation of the Gunnison Valley is your local partner when you want to do good. Our team will support your goals. Donor service is really important to us. Our goal is to make you comfortable. We will make sure we sit down with you and understand how you want to support Gunnison County for the long term. We also can help find creative ways to reach your goals. If you’re already a partner, thank you. If you are thinking about it, we would be honored to support you.
