Frequently Asked Questions

Fees

 

What are the fees?

There are no fees for new contributions to a fund, investment pool changes or distributions to other charities. Donor Advised Fund fees vary based on the asset value of the individual Donor advised fund. Each Donor Advised Fund is charged a Community Foundation administrative fee and its pro rata share of investment management fees for the risk/asset allocation pool or the endowment pool in which it is invested.
 
The Community Foundation donor advised administrative fee, which is charged to the fund in 4 quarterly installments, is as follows:
 

Fund Balance

Fee

First $500,000

1.10%

Next $500,000

0.85%

Amounts over $1,000,000

0.60%

Please note that scholarship funds have a 2% fee. Unrestricted, Designated and Field of Interest are charged 1.35%.
 
 
 
 
 
 
Making Grants
 

How often and when may I make distributions from my Fund?

At any time.
 

How will I know if I have available the funds to make recommendations for grants?

You will receive quarterly statements that detail the activity of your Fund including the amount available for grants, or you may call the Foundation at any time to inquire about your fund.
 

How do I request a distribution? To what organizations may I request a distribution?

Simply complete a "Donor Advised Fund Suggestion Form". Download this form and fax to CFCC at 239-649-5337. You may also call 239-649-5000 and request a distribution. You may make a grant to any nonprofit organization as long as it has its tax exempt status. If you are not sure, the Foundation will verify this information and also can help you identify organizations to support.
 

May I give grants from my Fund outside of Naples?

You may grant to nonprofit organizations anywhere in the United States, and in some cases, internationally.
 
Donor Advised Fund FAQs

Funding Funds
 
First, decide how you would like to make a contribution to establish your fund. You may contribute cash, securities, or other property valued at $10,000 or more. Assets of any amount may also be contributed to an existing unrestricted fund or to the Community Foundation's General Fund.
 

You may:

·         Add to the fund whenever you wish

·         Make grant recommendations at your convenience

·         Give appreciated securities which, if donated to a public charity, are not subject to capital gains tax. In most cases, you may take the full market value as a deduction


Stock Gifts: An easy transfer

The Foundation routinely accepts the transfer of marketable securities and, with a proper appraisal, privately held securities. With approval and appraisal, the Foundation is able to accept the transfer of real estate.
Click here to download a Stock and Wire Transfer form.

Example of a Gift of Stock

A young woman, in the highest tax bracket, established a donor advised fund with $10,000 in securities she has held for more than 12 months. The securities cost her $7,000. Her gift is helping the charities of her choice and she:
 

·         Saves $600 in capital gains tax

·         Takes a $10,000 charitable deduction, saving her $3,960 on income taxes

·         Makes a gift of $10,000 that cost her only $5,440

·         Can take the tax deduction now and decide where the gift will be used

·         Take an income tax deduction immediately and recommend gifts over time