This may be your best move yet!

If you’ve already established a donor-advised fund at the Medina County Community Foundation (“MCCF”), you can understand why it’s become such a popular tool among donors in our community and across the country to organize giving and serve as a springboard for so many other ways to make a difference.

A donor-advised fund at MCCF provides the convenience of a one-stop-shop. Recently, we’ve talked with donors who work with MCCF in a variety of ways, such as regularly contributing to a favorite nonprofit’s endowment fund, supporting MCCF’s operating endowment, making distributions from an IRA to a designated fund, or attending community foundation events to rally around important community priorities. Interestingly, we are discovering that some of these donors also have established a donor-advised fund at a national financial institution and in many cases did not realize that they could have set up their donor-advised fund here at MCCF.

It’s time to set the record straight!

For starters, MCCF offers donor-advised fund holders the same tax benefits, and often even more conveniences, as a national financial institution, including:

–Simple and personal process for requesting grants to favorite charities; reach out to our team anytime!

–Streamlined tax reporting, often represented by just one letter to provide to an accountant at tax time, even when the donor-advised fund is used to support dozens of individual charities throughout the year

–All back-office administration, tax receipts, recordkeeping, and other requirements for the donor-advised fund’s 501(c)(3) status

–Favorable tax-deductibility of contributions to the donor-advised fund

Unlike standard national financial institutions’ donor-advised funds, though, MCCF offers high-level, customized services to its donor-advised fund holders, including:

–Concierge-level service by knowledgeable staff to structure estate gifts to charities and accept gifts of appreciated stock or complex assets such as real estate or closely-held stock

–In-house team who has a finger on the pulse of community needs, the strengths of specific charities, and how to structure grant making for the highest possible community benefit

–Opportunities to collaborate with other donors who care about similar issues and forums to tap into local and national subject matter experts

–Opportunities to go deep into specific issue areas, both through education and hands-on involvement

–Sounding board for evaluating the impact of grants

–Family philanthropy and corporate giving discussions to foster a well-rounded, holistic approach to philanthropy

–Administrative fees that are reinvested into the community foundation, itself a charity, to help support operations, grow its mission, and help even more donors support the causes they care about

–MCCF team lives in the community we personally know the leaders and staff of grantee organizations and regularly hear about needs first-hand

If you’ve established a donor-advised fund at a national financial institution, we’d love to chat about moving all or part of it over to MCCF. It would be an honor to work with you and your family as you strive to make a difference in the causes you care about the most.