Benefits of Working With a Community Foundation
Making your charitable contributions through the Greater Manhattan Community Foundation (GMCF) and its affiliated funds offers many advantages.
Simplicity
Your community foundation is your "one-stop shop" for all of your charitable giving needs. It's an easy and effective way to support the groups and issues you care about through a gift to a single organization.
Tax Benefits
Gifts to your community foundation receive the maximum tax advantages for income, gift and estate tax purposes.
Flexibility
Your community foundation can receive many kinds of gifts, including unique assets such as gifts of grain, livestock and collectibles. The GMCF can help you and your financial advisor develop a gift plan to meet your personal financial needs and all of your charitable intentions, now and in the future.
Effective Leadership
The GMCF adheres to the highest standards of professional excellence. We are confirmed in compliance and have met the Council on Foundations National Standards for operational quality, donor service and accountability in the community foundation sector.
Objectivity
The GMCF distributes charitable dollars and is not the end user. Unrestricted funds are used to support the community's most important needs, while other funds established by donors are designated to benefit their favorite causes. Our sole objective is to facilitate philanthropy and further develop a habit of giving back to community.
Stewardship
There is always a chance that a nonprofit organization's mission or leadership may change over time. Where donors have established permanent endowments with the GMCF, we protect a donors desires by reallocated funds according to the donor's original intent.
Recognition or Anonymity
You may choose to receive public recognition or remain completely anonymous.
Professional Management
The GMCF allows donors to choose their professional advisors to provide the maximum comfort in making the gifting decision. Each professional advisor will be asked to follow the guidelines established by the GMCF Investment Committee. This allows funds to fully focus on their mission of cultivating charitable giving for community improvement.
Accountability
An annual independent audit ensures fiscal responsibility.
Permanence
The GMCF was established in 1999 and has experienced continued growth. Your outright or deferred gift will last forever when it is given to the GMCF or one of its permanent endowments. With an endowment, assets are invested to generate an ongoing source of income year after year and legacies last forever.
Guidance
To find out more about the many ways that you can fulfill your charitable goals, contact the GMCF staff at 785.587.8995 or choose a fund that you would like to learn more about.