donor advised fund handbook - st. louis community foundation€¦ · donor advised fund handbook...
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Donor Advised Fund Handbook
Your Charitable Fund Name Fund Facts 3 The Greater Saint Louis Community Foundation Overview 4 Donor Advised Fund Handbook Grantmaking Guidelines & Online Access 5-9 Grantmaking Recommendation Process 10 Confidentiality of Personal Information 10 Recognition and Anonymity 11 Reporting to You 11 Additional Gifts to Your Fund 12 Taxes- Deductions and Reporting 13 Fees- Administrative & Investment 14 Investment of Funds 15 Strategic Engagement Services 16-17 Philanthropic Personality 18-21 Leaving A Legacy Future & Planned Gifts 22 Charitable Gifting Tools Comparison 23 Frequently Asked Questions 24-26 Glossary 27 Leadership, Staff, and Board of Directors 28-32 Appendix Instructions for Transferring Assets 33-34 Sample Grant Distribution Letter 35 Revised 7/2012
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The Community Foundation makes giving through your fund easy, personalized, and efficient.
Fund Name: Your Charitable Fund Name
Established: Date your fund established
Donors and Initial Advisors: Advisor Names
Investments Managed by : Investment Manager Name, if any
Successor Advisors: Successor Advisor Names, if any
Ultimate Beneficiary Designation: Remaining funds will be used to support charitable work of organizations previously supported by the fund. (Standard, if not otherwise specified)
Initial DonorCentral Logins*:
UserID: Password:
*Note: Your UserID and Password are case sensitive. The last 4 characters of
the UserID and the last 4 characters of the password are numeric. Should you elect to change your password in the future, please record it here for your records:
Date Changed: _______________ Changed to: _________________________
________________ _________________________
________________ _________________________
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The Greater Saint Louis Community Foundation has helped donors support St. Louis charities for nearly a century. The Community Foundation is an effective partner with donors who are committed to strengthening our communities through charitable giving that creates lasting change.
The Community Foundation has deep roots in the St. Louis region, giving us unparalleled knowledge about the nonprofit community and its services. Our expert staff can guide your giving decisions by offering information about giving trends and emerging community needs. We can connect you with organizations that will help you achieve your charitable goals.
Our customized philanthropy services benefit individual philanthropists, corporations, private foundations, and nonprofit organizations. We have expertise in strategic grantmaking and philanthropic planning, investing charitable assets, and administering crucial day-to-day back-office foundation work.
We offer guidance that supports effective giving and provide comprehensive professional and administrative services. Our extensive expertise will make your giving thoughtful, efficient, and effective.
The Community Foundation is a public charity with $200 million in assets, ranking it in size in the top 10% of the 800 community foundations across the country. We hold approximately 400 individual funds, each representing a unique partnership with an individual, a family or a business.
The Community Foundation Board of Directors, a committed group of volunteer community leaders, is devoted to providing the region’s most comprehensive philanthropic resources and services for donors like you.
We invite you to use this handbook as a resource when you want to make grants, add to your fund, or plan for the future.
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Easy, personalized, timely grant making is our goal for your donor advised fund. As you make recommendations, keep these guidelines in mind: Grants of $250 or more may be made at any time. Make as many or as few grants as you wish. There are no
mandatory distributions required from our donor advised funds. As long as sufficient assets are available for grantmaking under the terms of your fund agreement, we will make it happen.
Distributions may be made to any tax-exempt charitable
organization in good standing with the IRS, as set forth by sections 170(c) or 501(c)(3) and 170(b)(1)(A) of the Internal Revenue Code (“IRC”), as amended. We keep track of this so you don’t have to. Grants to benefit individuals or to a private foundation are prohibited under the IRC.
There are no geographic or purpose-related limitations or
restrictions, unless otherwise imposed by your fund agreement or the laws of the land. Grants to international nonprofits require extra oversight and may have additional fees or restrictions. We help make these special grants work.
Distributions may not be used to satisfy any personal or corporate pledge or obligation of a founder, donor, or advisor, or to provide personal benefit to a founder, donor, or advisor unless the benefit is permitted by the then-applicable IRC and related regulations. We would be happy to work with the recipient organization to rescind a pledge and then structure a multi-year grant.
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Grant Distributions from Your Fund
From our on-line tool, DonorCentral, you and the advisors you designate will be able to make grant recommendations, view fund statements, and keep track of gifts into your fund and grants made from your fund over time.
Log in to your Fund at stlgives.org and click on MyFund or DonorCentral tab
Log into DonorCentral with your username and password listed on page three.
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Click on Recommend a Grant from the left-hand menu and choose one of the options:
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Recommend a grant to
an organization you have not previously supported. This option allows you to search for an organization that is in our database, or enter a new organization. If the organization is in our database, it will appear when you enter the name. If it does not appear, click on the underlined Grant Recommendation Form and enter the known information . The Foundation staff will ensure the grantee meets the proper 501(c)3 status, obtain the EIN, and verify contact information.
View a listing of charitable organizations you have already supported. Clicking on the underlined words View a List will bring up a list that is ordered by the most recent recommendations made. To re-order the list alphabetically, click on the underlined word Grantee at the top of the list. Clicking on any of the category titles will re-order your list in accordance with that particular category.
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Click on Submit when you have finished entering your recommendations. Include your email address when prompted to receive a confirmation message.
If you prefer recommending grants in paper format, you will find, in your packet, several forms that can be filled out and mailed (319 N. 4th St., Suite 300, St. Louis, MO 63102), faxed (314 588-8088), or emailed ([email protected]). Or download a recommendation form from DonorCentral under the Forms and Resources tab. Contact Wendy Witte, Donor Services Manager, at 314-880-4962 for a personalized paper recommendation form.
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Grant recommendations are generally processed within 10 business days after receipt by the Community Foundation. Each recommendation is reviewed by Community Foundation professionals to verify the charitable eligibility of the proposed grantee organization, assure accurate contact information, and confirm the availability of funds. Recommendations submitted online or otherwise received at the Community Foundation by noon each Thursday are included in that week’s approval process and typically sent out by the following Friday.
Upon approval by the Community Foundation’s Board of Directors, a customized cover letter and grant check are sent to the intended organization and a copy of the letter is sent to you. The cover letter details the purpose of the grant and, unless otherwise requested, identifies who recommended the grant and the fund from which the grant was made. The letter also includes instructions on how the grant should be recognized in public. See a sample letter in the appendix.
Information about your fund is always held in confidence. We do not disclose financial or other personal information without your consent. The Community Foundation’s practice is to publish the names of its donors and the names of its funds in an annual report and other selected publications, and on the website. Contact information maintained by the Community Foundation for donors and fund advisors is kept only as a means to communicate with you regarding your fund and Community Foundation’s activities. You may specify your preferences upon the establishment of your fund or any time.
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The letter sent with each grant gives the recipient organization specific instructions on how to acknowledge receipt of the grant and to recognize your fund. Unlike a private foundation, you may make anonymous grants.
Recognition by recipients may include listing your name in newsletters, annual reports, websites, or other places where individual donors are recognized, unless instructed otherwise. Working with the Community Foundation allows you to control how, or if, your grant is publicly recognized. Consider these topics associated with donor and fund anonymity:
Do you want your names given to grant recipients? The Community Foundation default is to use your formal names, i.e., Mr. and Mrs. John Q. Public. You may elect informal, i.e., John and Mary Public, or just the Fund name, i.e., The Public Family Charitable Fund; or you may choose to be anonymous.
How do you want to be recognized?
Do you want you to receive thank you notes directly from organizations? This is the Community Foundation default option. Should you choose to have them delivered to the Community Foundation, they will be collected and sent to you on a semi-annual basis. We will not send you tax acknowledgements received from organizations.
You will receive a fund statement each fiscal quarter. The cumulative statement provides a detailed accounting of gifts made to the fund, grant distributions made from the fund, fees charged, and realized and unrealized gains and/or losses in the fund value resulting from investment performance. Statements are mailed quarterly. Current information is available online at DonorCentral.
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While the majority of our donors use appreciated securities or cash to establish and build funds, we may also accept less traditional gift assets, such as:
Mutual fund shares
Closely held stock
Real estate
Royalties and intellectual property rights
Life insurance
Private Foundation Distribution
Funds at the Community Foundation can be named as beneficiaries of wills, revocable living trusts, and some kinds of retirement plan assets. You can make your fund the beneficiary of split-interest gifts, such as charitable trusts or charitable gift annuities. See Appendix for detailed instructions to transfer assets to the Community Foundation.
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If you itemize your tax deductions, you may claim a federal charitable income tax deduction for your gift to the Community Foundation for your donor advised fund in the year of the contribution. Any charitable income tax deduction you may realize is subject to certain limits. For gifts of cash, you can deduct up to 50% of your adjusted gross income (AGI). For gifts of long-term, appreciated property, you can typically deduct the full fair market value of the property up to 30% of your AGI. Any deduction amount not used in the year of contribution is usually available to carry forward into as many as the next 5 tax years.
In addition, contributions to your donor advised fund are exempt from Missouri, Illinois, and federal gift, estate, and generation-skipping transfer taxes. This makes donor advised funds an excellent candidate for testamentary giving and estate tax planning. Different limits apply to corporate gifts, and individuals may be subject to other limitations on the type and size of charitable deductions. Be sure to consult with your tax advisor to determine the actual tax benefits of your contribution.
The Community Foundation will provide you a written acknowledgement that serves as your receipt documenting contributions, as required under the Internal Revenue Code. In some cases, you may need to obtain a qualified appraisal for special types of assets in order to determine their fair market value for tax purposes. In addition, the Community Foundation must report to the IRS proceeds it realizes on the sale of appraised property if the sale occurs within 3 years of the gift.
An important advantage of having a donor advised fund is that it reduces the number of charitable gift receipts you receive and helps simplify your annual tax filing. Gifts to specific charities are now handled through grants from the fund.
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The Greater Saint Louis Community Foundation Charitable Family Office is able to provide administrative, grantmaking, networking, nonprofit research, charitable advisory services, and strategic giving consulting to help our donors pursue their charitable goals based on the administrative fees these donors pay. Support fees vary based on the type of fund used. They are quoted as a percentage of the fund’s average net asset value.
Investment management fees vary depending on the investment manager(s). The Community Foundation offers donors with funds $500,000 or greater the choice to recommend an outside investment manager. Our partnership with your recommended financial advisor enables us to meet the grantmaking and philanthropic goals of your Family Foundation. There are no transaction fees and there are no markups on investment management fees.
Minimum Fee: $500 First $500,000 1.00% Next $500,000 (up to $1million) 0.75% Next $1.5 million (up to $2.5 million) 0.50% Next $12.5 million (up to $15 million) 0.25% Thereafter (greater than $15million total) 0.20% The Community Foundation may also charge funds for extraordinary costs related to the stewardship of unique assets, special grantmaking services, or tax/legal compliance matters. Support and investment management fees are deducted directly from a donor’s fund quarterly.
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The Community Foundation ensures that each fund is invested so that it matches the fund’s grantmaking time horizon and your philanthropic goals. Items to consider include annual grant payout and length of time the fund will be in existence.
The Community Foundation offers donors with funds $500,000 or greater the option of recommending an outside investment manager. Our partnership with your recommended financial advisor enables us to meet the grantmaking and philanthropic goals of your family fund.
For those funds less than $500,000 in size and/or not pooled with other funds managed by a specific investment manager, the Community Foundation utilizes the investment expertise of American Funds. Within the American Fund investment platforms there are four choices available: Growth, Balance, Wealth Preservation or Money Market.
5% or less Growth Grantmaking over 10 years
or more or creation of
permanent endowment
Between 5% & 20% Balanced Grantmaking over 10 years
or more or creation of
permanent endowment
Between 5% & 20% Wealth Preservation The Fund is expected to be
expended within 5 to 10
years.
80 – 100% annually Money Market The Fund is expected to be
expended in less than 12
months
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Annual Meeting – Each year we will meet with you to review your giving, evaluate how your grants reflect your charitable goals, and prepare for your future grantmaking. A sample grant analysis chart follows on the next page.
Family Philanthropy – Engaging family in your charitable vision can make philanthropy a family affair. We have experience with successful family giving strategies and welcome the opportunity to help shape the management of your charitable legacy with you and those who will carry your commitment forward.
Donor Education – Our website, StLGives.org, helps donors keep up with issues important to philanthropy. Also on our website is YourGivingLink, a database developed by the Community Foundation to help you easily find organizations that match your personal charitable interests. Philanthropic Seminars – We will invite you to join other donors and professional advisors at meetings on philanthropic topics and to attend community seminars that will inspire and inform your giving strategy.
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Developing your charitable legacy is a significant undertaking. Most donors begin by working with the Community Foundation’s professionals to clarify their charitable intent or vision. The following questions will help you to shape your charitable vision by understanding your intent. The professionals at the Community Foundation will help you crystallize your giving goals, create a giving plan, and help you evaluate the outcomes of your
partnerships with nonprofit organizations.
•Establish your giving background
•Reflect on why and how you give
•Define what causes interest you
•Establish geographic priorities
•Determine level of desired involvement
•Define giving success
•Analyze past giving disappointments
•Establish the type of difference you want to make
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The assessment tools are a first step to discovering your approach to philanthropic giving. Gathering information, along with the advice and counsel of those you trust, will help you create your personal definition of philanthropy:
□ To help fulfill your life’s goals and passions
□ To feel the sense of satisfaction found in making a difference for others
□ To leave a lasting imprint on society
□ To perpetuate a certain viewpoint or philosophy
□ To unite family members around a purposeful mission/activity
□ To honor or memorialize a loved one or friend
□ To give something back
□ To fulfill a responsibility or desire to be a leader in the community
□ To connect with others who share your interests and passions
□ To leverage the tax advantages of giving to benefit community and family
□ To express gratitude
□ To express religious or spiritual convictions
□ Other motivations:______________________________
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Community
Harmony
Preservation
Compassion
Healing
Respect
Courage
Honesty
Self-Discipline
Creativity
Humility
Self-Respect
Determination
Independence
Service
Diversity
Innovation
Simplicity
Empathy
Integrity
Spirituality
Equality
Interdependence
Stability
Excellence
Justice
Teamwork
Fairness
Knowledge
Thrift
Faith
Leadership
Tradition
Family
Love of comfort
Transformation
Freedom
Love of others
Generosity
Loyalty
Good sense
Patience
Hard work
Peace
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Arts and Culture
Dance
Historic Preservation
History
Literature
Museums/Visual Arts
Music
Theatre/Performance
Others?
Community Building
Community Organizing
Community Service Group
Diversity
Economic Development
Employment
Housing Development
Philanthropy/Volunteerism
Public Safety
Religion
Others?
Education
Academic Research
Early Childhood
Graduate Education
Libraries
Literacy
Primary (K-12)
Undergraduate College
Vocational/Technical
Others?
Environment
Animal Welfare
Beautification
Horticulture
Forestry/Land Use
Plant Conservation
Pollution Abatement
Wildlife Conservation
Others?
Health
Access to care
Addiction
Medical Research
Mental Health
Primary Health Care
Rehabilitation
Un- or Under-Insured
Wellness/Nutrition
Others?
Human Services
Adoption/Foster Care
Aging/Elderly
Children & Youth
Disabilities
Family Support Services
Foster Care
Homelessness
Hunger
New Americans
Others?
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What do you love about your community? What would you like to preserve for future generations? Philanthropy offers valuable estate planning advantages and helps you create a lasting legacy for the public good. Whatever your philanthropic dreams, the Community Foundation offers an array of tax-wise options to help you make a difference in your community for years to come.
With a planned gift through the Community Foundation, you can be sure your goals will be realized. You may want to consider a charitable trust or bequest to fulfill your wishes for the future. Other types of planned gifts will allow you to receive income during your lifetime and benefit your favorite causes upon your death.
The Community Foundation can help you prioritize your social impact goals while achieving the most favorable income and estate tax benefits. We encourage you to work with your estate planning professional or tax advisor to determine the type of gift that is right for you and your family.
The Community Foundation accepts a variety of planned gifts that will ensure a positive future for our community.
Bequests through wills or trusts
Charitable gift annuities
Charitable remainder trust
Charitable lead trust
Retirement plan donation
IRA donation
Life insurance donation
Your planned gift may be designated to specific causes or organizations, or unrestricted, to enable the Community Foundation to address emerging community needs. Or you may add to any of our existing funds at the Community Foundation.
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Private Foundations
Community Foundation Fund
Commercial Gift Fund
Maximum Tax Benefits No YES Yes
AGI Tax Deduction Limitation - Cash
30% 50% 50%
AGI Tax Deduction Limitation – Long term capital gain property (Publicly traded stock, closely held stock & real estate
20% 30% 30%
Gifts of Qualified Appreciated Securities (Publicly traded stocks)
Fair Market Value Deduction
Fair Market Value Deduction
Fair Market Value
Deduction
Gifts of Real Estate or Closely Held Stock
Cost Basis Deduction
Fair Market Value Deduction
Fair Market Value
Deduction
Privacy /Confidentiality No Disclosure of IRS
Form 990PF required
YES Confidentiality
Maintained
Yes
Excise Taxes on the Sale of Highly Appreciated Gifts
Yes NO No
Annual Excise Tax Payments 1-2% of Net Income & Net Realized Gain
NONE None
Ease & Cost of Establishing Charitable Entity
Complex; Legal Expenses
& IRS Application &
Fees & Expenses
SIMPLE; No Cost
Simple; No Cost
Annual Minimum Distribution Requirement
5% NONE None
Personal, Local Service by a Mission-based Organization
No YES No
Knowledge about Local Nonprofits
No YES No
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Frequently Asked Questions
Q: Why am I “recommending” grants?
A: The Internal Revenue Code doesn’t allow you to make a charitable donation and retain control of the asset. When you made the gift to establish your fund, you received a tax deduction. Your gift became the property of the Community Foundation, as required, and authority over it and discretion on its use transfers to our Board of Directors. Our mission is to help you put charitable dollars to work in the community so when you recommend a grant from your fund to an eligible organization, the Board exercises its authority to approve the grant, fulfilling our commitment to the oversight of these charitable assets.
Q: May I recommend support for the general operating budget of a charity?
A: Yes, general support is the most popular way to support nonprofits. Distributions may also be used to support capital campaigns, programs or specific projects.
Q: May I recommend a distribution to support a fund-raising event?
A: Yes, you may recommend a distribution to support a fund-raising event as long as the grant is not intended to purchase tickets, and/or the grant does not result in you receiving other tangible or intangible benefits.
Q: I’d like to recommend a distribution to complete a pledge I’ve made to a charity. Is that all right?
A: Unfortunately, such a recommendation is not allowed under the regulatory limitations placed on donor advised funds, since the Community Foundation’s assets cannot be used to pay your personal obligations. As an alternative, consider recommending a multi-year grant. The Foundation can illustrate how this approach enables you to achieve the same goals as a typical pledge.
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Q: I would like to support my alma mater, which is located in another state. Is this possible?
A: Yes. You may recommend support to any 501(c)(3) nonprofit in good standing with the IRS in the United States. Many international grants are also possible.
Q: Will I be notified when a distribution that I have recommended has been made?
A: Yes. We will promptly mail you a copy of the letter that accompanied the check so you will know it has been made. A sample letter is included in the Appendix.
Q: Now that I have established a donor advised fund, I'd like to wait until next year to recommend any distributions from the fund. Is that permissible?
A: You may recommend distributions at any time – now or in the future. You are not required to make mandatory distributions as private foundations are obligated to do.
Q:What about paying memberships dues for charitable organizations? May I recommend a distribution to cover these?
A: In many cases a membership provides a personal benefit to you, so the Community Foundation cannot make distributions for memberships dues. Exceptions include giving circles or annual support that confers inconsequential benefits to you. Contact us for help with specific questions about memberships.
Q: Are there any other types of distributions that are inappropriate for a donor advised fund?
A: Donor advised funds cannot make distributions to private foundations or to individuals, or to benefit specified individuals.
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Q: I can think of a few distributions where I might want to remain anonymous. Is this possible?
A: Yes. All you need to do is to let us know in writing that you wish to remain anonymous for a particular grant distribution. You may indicate your desire to remain anonymous on the donor advised fund grant recommendation form. You may receive a call from the staff to make sure that we understand your specific wishes about anonymity.
Q: I am not always sure about the status or reputation of a particular charity that I am considering. Can your staff assist me?
A: Yes. The Community Foundation staff has extensive knowledge of the tax-exempt charitable organizations in our community, as well as national resources to evaluate organizations outside this region. We are pleased to provide this information to you and to offer general counsel in support of your grantmaking goals.
Q: May I use my donor advised fund to buy a table at a charitable event or benefit?
A: We are happy to consider a recommendation for the charitable gift portion of the table price. Fund-raising events must indicate what portion of the price of the event table or ticket covers the cost of the dinner and entertainment (the part of the event that provides benefit to you), and what portion will specifically support the work of the charity. The same guidelines hold true for a charity golf tournament, tennis tournament, or any other charity-specific fundraising event.
The Greater Saint Louis Community Foundation will not be bound by the advice of donors or advisors with respect to the investment or
administration of its Donor Advised Funds. Investments of the Foundation’s Donor Advised Funds are approved of its Board of D irectors.
Asset allocations, underlying investments, and investment managers for these funds are the sole responsibility of and under the sole
control of the Foundation.
The information contained in this handbook is intended for educational purposes only and not intended to provide directly or by implication
general or specific tax, legal, or investment advice. Current and prospective donors are always encouraged to seek independent tax and
legal counsel about the implications of charitable giving on their personal circumstances. The information contained in this handbook, and
the policies governing the administration of Donor Advised Funds, are subject to change, without notice, by the Foundation’s Board of
Directors. Changes will be made, as necessary, to ensure compliance of the Donor Advised Fund program with any applicable federal or
state law or regulation and to maintain the Foundation’s status as an organization described in Section 501(c)(3) of the Internal Revenue
Code of 1986, as amended, and as an organization which is not a private foundation within the meaning of Section 509(a) of the Internal
Revenue Code of 1986, as amended.
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• Assets: Economic resources such as cash, stocks, bonds, real estate, and life insurance.
• Capital Campaign: An organized drive to accumulate substantial funds to finance major needs of an organization, such as a building or major repair project.
• Challenge or Matching Grant: A grant that is made on the condition that other monies must be secured, usually within a specified period of time, to leverage additional funding from other sources.
• Community Foundation: A tax-exempt, nonprofit, autonomous, publicly supported philanthropic institution, composed of permanent and non-permanent funds established by many separate donors for the diverse and long-term charitable benefit of a community. Created to foster the sense of community in charitable giving, there are currently more than 700 community foundations operating throughout the nation.
• Designated Fund: A type of fund in which beneficiaries are designated by the donor.
• Donor Advised Fund: Created for the purpose of managing charitable donations on behalf of an individual, family, business, or organization. Donor Advised Funds offer the opportunity to create an easy-to-establish, low-cost, flexible vehicle for charitable giving as an alternative to direct giving or creating a private foundation.
• Endowment: A permanent fund whose principal cannot be spent, but whose investment earnings provide an annual source of funding.
• Field of Interest Fund: A fund that is used to support a specific charitable purpose such as education or medical research, and may support any nonprofit (or multiple nonprofits) working within that area of interest.
• Non-endowed: A temporary fund whose principal may be spent down to a zero balance, often over the course of 20 to 30 years.
• Operating or General Support: An unrestricted grant that provides support for the day-to-day costs of running the nonprofit organization.
• Pledge: A pledge is a promise to pay. If you are interested in making a pledge to a particular organization, please notify our office in writing that you would like to recommend that the Foundation make a pledge or multi-year grant from your fund. Once approved by our Board of Directors, we will then notify the organization. If we are not notified in advance, we are prohibited by IRS regulations from fulfilling your pledge.
• Unrestricted: An unrestricted grant allows the nonprofit to use the money to support the organization where most needed. 27
Amelia has committed herself to community building enterprises
through an exemplary career in public finance. As President &
CEO of the Greater Saint Louis Community Foundation, she
brings the vision and strategic ability to develop partnerships
that will strengthen communities through charitable giving.
Amelia spent nearly 30 years in the securities industry. She
served on the Board of Directors of A.G. Edwards & Sons, Inc.
Her nationally recognized skills were developed through her role
as head of public finance for A.G. Edwards and its successor firm
Wells Fargo. Amelia was a recognized national leader in the tax-
exempt finance field having served as Chairman of the Municipal
Securities Rulemaking Board, a self regulatory organization
created by Congress and overseen by the Securities Exchange
Commission to write the laws governing the municipal industry.
Amelia has continued her commitment to serving the community
by participating on the boards of several nonprofits, such as
Herbert Hoover Boys & Girls Club and Webster University.
Amelia is a graduate of Kenyon College, majoring in economics
and received her M.B.A. from Washington University.
Contact Amelia at 314.880.4970
Dwight has impressive leadership and financial oversight skills
which have been developed through extensive accounting
management experience. His position as Vice President, Chief
Financial and Administrative Officer provides critical oversight
over the financial management and investment stewardship of
the Foundation’s assets and distribution processes.
During his career, Dwight worked as a CPA with a leading
accounting firm, RubinBrown and began his service in the
nonprofit industry as CFO at St. Joseph Institute for the Deaf. He
is a member of the adjunct faculty at Webster University where
he teaches several accounting courses for graduate students.
Dwight is a graduate of the University of Missouri and received
his M.B.A. from Maryville University.
Contact Dwight at 314.880.4969
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Christine is an experienced attorney that is dedicated to the
charitable sector. In her role as Director of Gift Planning for the
Greater Saint Louis Community Foundation, she works with donors
and their advisors to facilitate their giving strategy.
Christine’s skills in estate planning and trust practices were
established at Mercantile Trust Co., Centerre Trust Co., Suelthaus &
Kaplan and A.G. Edwards. For over a decade, she has used her talents
on behalf of the nonprofit sector as Director of Planned Giving at
Saint Louis University and Director of Advancement at St. Francis
Borgia Regional High School in Washington, Missouri. Christine is a
graduate of Truman State University and Saint Louis University
School of Law. She is a member of the Missouri Bar Association, the
St. Louis Planned Giving Council, and the St. Louis Estate Planning
Council.
Contact Christine at 314.880.4967
A St. Louis native, Mary’s twenty-year professional career spanning
communications, marketing, public policy, non-profit leadership and
philanthropic research and support make her ideal for the role of
Director of Community Engagement for the Foundation. She leads
nonprofit services, community initiatives and grantmaking programs.
She also manages grant administration for the Episcopal Presbyterian
Health Trust and provides charitable giving consultation for private
sector clients. Prior to coming to the Community Foundation, Mary
was the President of Gateway Center for Giving for 6 years. She has
served as Executive Director of Boys Hope Girls Hope of St. Louis and
the Wildlife Rescue Center (now the Missouri Wildlife Center).
Before entering non-profit management, Mary was the
communications officer for the Public Policy Research Center at the
University of Missouri-St. Louis, where she created a new position
directing the organization’s communication and marketing efforts as
an established professional entity in the St. Louis policy arena with a
focus on both regional and national issues.
Contact Mary at 314.880.4961
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Amy is an experienced professional with an extensive background in academic and nonprofit sectors. As Director of Donor Services and Scholarships, she leads the Foundation’s donor advised and project services, develops and manages the Foundation’s scholarship programs, and helps donors and their advisors with philanthropic strategies.
Amy’s career reflects her lifelong goal to promote educational opportunities. She developed her skills at Washington University, Lindenwood University, and the James L. and Nellie M. Westlake Scholarship Foundation, and served on the Board of Education in Clayton, Missouri. She serves on the steering committee of St. Louis Graduates, a regional college access collaboration of funders, nonprofits, educational institutions and policy makers, leading the effort that created an online scholarship resource, Scholarship Central, for students in our area. Amy received her M.A. from Washington University. Contact Amy at 314.880.4965 [email protected]
Maurice began his career with the Community Foundation immediately after graduating from St. Joseph’s College and has stayed ever since. As Accounting Manager, he is responsible for helping to manage the Foundation’s over $190 million in assets. He ensures that each gift is recorded and acknowledged appropriately, that nonprofits receive funds as intended, and also acts as the lead contact person during the annual audit.
Maurice is proud to be a part of an organization where his work is a crucial part of doing something larger for the community Contact Maurice at 314.880.4964 [email protected]
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Jenny is responsible for maintaining the Your Giving Link charitable database, and providing administrative support to various Community Foundation programs. Jenny previously worked with the Parsons Blewett Memorial Fund, managing accounting systems and administering scholarship and professional development programs. Jenny received her BA from the University of Wisconsin.
Contact Jenny at 314.880.4966
Marilyn is the Executive Assistant to the Community Foundation’s President and CEO. She also provides support to the Board of Directors. She uses her skills to oversee many of the Foundation’s administrative systems and assists with various Foundation programs. Marilyn received her Bachelor’s degree from Purdue University and has her Masters in Mathematics from Indiana University.
Contact Marilyn at 314.880.4963 [email protected]
Wendy assists donors at all stages of their giving. She helps donors access the Community Foundation’s resources and provides grantmaking support. Wendy is also the staff liaison to the Spirit of St. Louis Women’s Fund. Her professional experience includes private sector, financial, and nonprofit institutions. She is committed to helping donors reach their charitable goals. She received her degree from Principia College.
Contact Wendy at 314.880.4962 [email protected]
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As a public charity, the Community Foundation’s mission, program, staff, and finances are overseen by a diverse, independent board of community and business leaders.
Laurna C. Godwin, Chair; Partner, Vector Communications Corp
Donald B. Poling; Vice Chair; Partner, Financial Management Partners
Stephen J. Rafferty, Secretary; President, Summit Consulting Group
Mara ‘Mitch’ Meyers, Treasurer; Founder & former CEO, Zipatoni
Jo Ann H. Arnold; Senior Consultant, Emerson
Christopher “Kit” Bond, Former U.S. Senator, Partner, Thompson, Coburn
M. Darnetta Clinkscale; Patient Care Director, Barnes Jewish Hospital
Thomas R. Collins; President & CEO, Northern Trust - Missouri
L. B. Eckelkamp, Jr.; Chairman & CEO, Bank of Washington
John C. Fort; Community Volunteer
Frank J. Guyol III; Community Volunteer
Bruce B. Holland; President, Holland Construction Services
Dennis Jacknewitz; Partner, Jennings, Jacknewitz & Schrader, P.C.
Kathryn L. Kiefer; Principal, Kiefer Communications Group Inc.
Kimball R. McMullin; Member, Lewis, Rice, Fingersh, L.C.
Winthrop B. Reed III; Member, Lewis, Rice, Fingersh, L.C.
Richard A. Sauget; President, East County Enterprises Inc.
James M. Snowden, Jr.; Executive Vice President, Huntleigh Securities
Susan P. Sullivan; Community Volunteer
Rebecca S. Weaver; Partner, PricewaterhouseCoopers
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Greater Saint Louis Community Foundation
319 N. Fourth Street – Suite 300, St. Louis, Missouri 63102
Contact Person: Jenny Praytor Tel: 314-880-4966 Fax: 314-588-8088 Email: [email protected]
TO CONTRIBUTE CASH
Cash contributions should be made by check payable to the St. Louis Community Foundation and indicate name of the fund.
TO WIRE OR ELECTRONICALLY TRANSFER CASH
Notify Jenny Praytor, Donor Services Coordinator, at [email protected], when wiring a cash contribution to a fund.
Contact Jenny Praytor for bank account and routing information.
Provide the financial institution with the donor’s name and the name of the fund.
For questions at U.S. Bank, contact Cindy Chautin at 314.505.8097 or [email protected].
TO ELECTRONICALLY TRANSFER REGISTERED SECURITIES THRU DEPOSITORY TRUST CO.
Notify Jenny Praytor, Donor Services Coordinator, at [email protected] of the DTC transfer and include the donor’s name, fund name, and the assets being transferred.
Provide donor’s name and fund name to the Community Foundation’s brokerage account at Smith, Moore & Co. with the following account information to the donor’s financial advisor:
SMITH, MOORE & CO.: DTC # 0235
ACCOUNT # 89109697
For questions at Smith, Moore & Co., contact Donna Frederick at 314.727.5225 or [email protected].
Securities are valued on the day received into the Community Foundation’s account at Smith, Moore & Co. at the average between the high and low market values on that date.
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INSTRUCTIONS FOR TRANSFERRING ASSETS TO THE FOUNDATION (CONT.)
TO ELECTRONICALLY TRANSFER MUTUAL FUND SHARES
Notify Jenny Praytor, Donor Services Coordinator, at [email protected] when making a gift of mutual fund shares.
Donor’s mutual fund representative should contact Donna Frederick at Smith, Moore & Co., 314.727.5225 or [email protected], to establish a mutual fund account in order for the Community Foundation to receive mutual fund shares.
Mutual fund shares are valued as the net asset value of the shares at the end of the day the gift is received at the Community Foundation’s account at Smith, Moore & Co.
TO MAKE A GIFT OF SECURITIES IN CERTIFICATE FORM
Notify Jenny Praytor, Donor Services Coordinator, at [email protected] when making a gift of stock in certificate form. Deliver stock certificates and stock power forms to Smith, Moore & Co. at 7777 Bonhomme Ave., Suite 2400, Clayton, Missouri 63105 and indicate the name of the fund. Smith Moore & Co. has stock power forms available. The stock certificate should not be signed by the owner; however, the stock powers form must be signed, if mailed. It is preferable that the stock powers form be signed in the presence of Smith, Moore & Co.
TO INCLUDE YOUR FUND AS A BENEFICIARY OF AN ESTATE GIFT
The Foundation accepts testamentary gifts, which can be made by bequest in a donor’s will or trust, or by designating a beneficiary for life insurance policies or retirement assets.
Donors interested in making testamentary gifts to the Community Foundation should use the following language: “To the (Name of Fund), a component fund of the St. Louis Community Foundation, a Missouri nonprofit corporation.
Donors interested in establishing a testamentary gift should provide documentation describing the purpose of the gift and any restrictions to which the Community Foundation is subject. In the event a testamentary gift is received without written instructions with respect to its purpose, it shall be considered an unrestricted contribution to the Community Foundation, dedicated to the fulfillment of its general charitable purposes.
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Date
Name, Title
Organization Name
Organization Address
City, State Zip code
Dear Name:
Based on a recommendation from Donor Name, we are pleased to provide the enclosed $ Grant Amount grant, approved for distribution from the Fund Name, a component fund of the Greater Saint Louis Community Foundation. This grant is designated for Grant Purpose. No tax receipt should be issued for this grant because it is from a donor advised fund of a community foundation, not a gift from an individual. Your organization’s written appreciation for this grant may be sent to: Donor Name Fund Name Donor Address Donor City, State Zip OR Donor Name Fund Name Greater Saint Louis Community Foundation 319 North 4th Street, Suite 300 St. Louis, MO 63102 Public announcement of this grant should read Donor Name, Fund Name of the Greater Saint Louis Community Foundation. The Community Foundation is honored to partner with generous individuals, families, and businesses to make a difference through charitable giving. If you have any questions, or if the address or other information we show for your organization needs to be updated, please contact Wendy Witte, Donor Services Manager, at (314) 880-4962 or [email protected].
Sincerely,
Amelia Bond
President and CEO
Enclosures
cc: Donor Name
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