The Communities of Coastal Georgia Foundation is composed of endowed and non-endowed funds, established by those who wish to create a charitable legacy that benefits causes they care about most in our region. Endowments are permanent funds created when a gift is made and invested. The income is used now and in the future for charitable grantmaking. Through endowments, legacies are created.
A gift to the Communities of Coastal Georgia Foundation can be expected to grow and provide for community needs well into the future. While we don’t know what tomorrow’s challenges may be, we do know that endowments built at the Foundation will continue to exist to help meet those needs. Each year, through donor funds and a competitive grants process, the Foundation invests over two million dollars in worthwhile causes that strengthen communities.
We can help you establish any of the following different types of funds as well as many others. Each provide for significant tax advantages in the present with the certainty of long-term philanthropy. For certain funds, the new Charitable IRA Transfer affords an ideal tax-saving mechanism to fund your philanthropy. Learn More
DONOR ADVISED FUNDS
This is the Foundation’s most flexible and popular fund allowing the donor to make grant recommendations to a broad range of charities. Donors work with the Foundation staff to identify ways to use monies from their funds to address the community needs they care about most. In addition, the funds can be passed on to successor advisors for an unlimited time period, allowing future generations to be involved in funding decisions. Click here to access a fillable form.
Local and regional recipient charities are named at the establishment of the fund. This may be a good option for those who wish to contribute to several specific charities through one gift.
Donating to the Foundation’s general fund allows the donor to give back to the community in a general way, rather than supporting a particular organization or cause. The funds meet everchanging community needs and support the Foundation’s broader grantmaking initiatives. As worthy needs or emergencies arise, these funds ensure that financial resources are available.
FIELD OF INTEREST FUNDS
This type of fund allows the donor to designate funds to a particular charitable cause to meet a particular need. Areas of interest such as education, youth services, health and human services, arts and culture, faith-based initiatives, the environment and animal welfare are defined by donor priorities.
To establish these funds, the Foundation accepts various types of assets, including cash and appreciated property, publically traded stock, closely held stock and/or real estate. The Foundation also accepts deferred or planned charitable gifts including bequests, life insurance, trusts, annuities, retirement accounts, life estates and other options. At your direction, we are pleased to work on your behalf with your attorney, tax professional and/or financial advisor to carry out your wishes.