How We Help
We weave together our community needs knowledge with your client’s desires and goals to make life impact in our region.
Customized Planning
We offer several flexible tax-saving tools that are unique to your client’s individual needs. Whether it be a donor advised fund, scholarship or legacy planning, we customize our options to meet your client needs.
Charitable Funds
We offer a variety of funds to meet your client’s giving needs and charitable intent. Our staff can discuss the advantages of each and help you select the one that’s right for you.
Ways to Give
We offer a variety of gifting options for your clients to establish or add to a charitable fund. Since we are recognized as a public charity, donors receive the maximum tax benefits allowed by law. Use this link to learn more about the various ways to give.
Investment Options
Community Reinvestment Fee Schedule
(as of January 2022)
Fund Type | Minimum to Start | Annual Fee | Fee assessed (based on avg daily balance unless indicated otherwise) |
Special Project Funds (short-term funds) | $500 or Interest Earned whichever is greater (interest earned - assessed monthly) | Quarterly | |
Donor Advised Fund- Endowed | 1.25% of assets up to $250,000 1% of assets from $250,000 to $1 million .08% of assets over $1 million | Quarterly | |
Donor Advised Fund, Non-endowed | 1.5% of assets or $250 min (whichever is greater) | Quarterly | |
Unrestricted | 1% of assets or $250 min (whichever is greater) | Quarterly | |
Field of Interest Fund | 1% of assets or $250 min (whichever is greater) | Quarterly | |
Scholarship Fund Endowed | $5,000 to start, $25,000 capital requirement | 1.75% of assets or $250 min (whichever is greater) | Quarterly |
Scholarship Fund, Non-endowed | 2% of assets or $250 min (whichever is greater) | Quarterly | |
Designated Fund | 1% of assets or $250 min (whichever is greater) | Quarterly | |
Organizational Endowment Funds | $5,000 to start, $25,000 capital requirement | 5% of prior yr end mkt value up to $100,000 .3% of prior yr end mkt value from $100,000 to $1 million .2% of prior yr end mkt value for assets over $1 million | Assessed annually in Q1, based on balance at 12/31 of previous year |
Designated Endowment Funds | $5,000 to start, $25,000 capital requirement | 5% of prior yr end mkt value up to $100,000 .3% of prior yr end mkt value from $100,000 to $1 million .2% of prior yr end mkt value for assets over $1 million | Assessed annually in Q1, based on balance at 12/31 of previous year |
Administrative Funds | No fee | ||
Operating Funds | No fee | ||
MISC Fees: | |||
Stock Gifts | Transaction Fee | $200 or .25% (whichever is greater) | Neg. |
Real Estate | Transaction Fee: Net - time of sale | $250 p/$100,000, fee not to exceed $1,000 | Neg. |
Pass-Through Gifts | Transaction Fee | $150 | Neg. |
New Fund Set-Up | Set-Up Fee | $150 | Neg. |
The Spending Policy is determined by a total return system, and is the basis for determining the amount available to be distributed from the endowed funds held by the Foundation.
The payout calculation is based on a 12 quarter moving average of the market value of the total fund, multiplied by an amount not to exceed 4%. The amount is calculated each year after December 31.
It is the goal of the Board of Director’s to spend no greater than 5% annually of endowed funds (excluding those funds which mandate a spending rate) including the above 4% spending policy and Foundation expenses excluding investment manager fees.
Special Project and other non-endowed funds, and Administrative and Operating Funds are not subject to this Spending Policy.
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Distributions will be made from the total return of the portfolio, including interest, dividend and realized gains. Interest and dividend payments will be reinvested as they are earned.
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Charitable grants will be pro-rated if the fund has been in existence for less than twelve months. Foundation fee assessments will not be prorated, but will be levied for the first full quarter following the inception of the fund.
The payout rate percentage is subject to review by the Investment Committee annually and may be amended from time to time by the Board of Director’s of the Foundation.