Your clients may be eligible for an immediate tax deduction when establishing a charitable fund. They may choose from a number of types of charitable funds, most of which can be established for as little as $10,000.
Fund Types Include:
- Nonprofit Endowment Funds – Support an organization in perpetuity.
- Community Impact Funds – Support the Community Foundation’s response to community needs and opportunities to help everyone in southeast Michigan thrive.
- Field of Interest Funds – Support nonprofits within a specific area or geography.
- Donor Advised Funds – Support for charitable causes by an individual, family, business or foundation with grant recommendations.
- Scholarship Funds – Support students pursuing higher education.
To learn more about the types of funds at the Community Foundation, please refer to our detailed descriptions and answers to some frequently asked questions found by clicking here.