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      • KEEPING TRACK OF YOUR CHARITABLE DONATIONS IS MORE IMPORTANT THAN EVER
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DESIGNATED FUNDS


Is a designated fund the right choice for you?
PCF can help you on your path to personal philanthropy by making it easier for you to do good. Setting up a designated fund with the Peninsula Community Foundation is a way to fulfill your charitable wishes by supporting those nonprofits you are passionate about.

A designated fund is a fund whose beneficiary 501c3 nonprofit(s) are specified by the donor at the time the fund is established. Income from the fund, and in some cases principal, is distributed in accordance with the instructions provided at the time of the gift.

How does it work?
​
Charitable giving through PCF is based on a standard agreement between the donor and the Foundation. The fund must maintain a minimum balance of $5,000. There is a small fee of $250 to create a designated fund and a very low annual fee to administer it. The Foundation provides tax receipts for all contributions. The donor also has the convenience of checking the status of the fund online anytime. And, once the fund is established additional donations can be added by anyone wanting to support the nonprofits designated by the fund.

What can be donated to the fund? 
You can make a gift of cash, stocks, bonds, real estate, other assets, or distributions from your IRA. And the fund can be established as an endowment to be managed by the Foundation during the donor’s lifetime and beyond. When you donate appreciated securities to a Designated Fund, you may immediately deduct the fair market value from your taxes, without incurring capital gains liability.

Benefits of setting up your personal Designated Fund 
Designated Funds are typically less costly and easier to administer than other forms of philanthropic giving (such as private or corporate foundations). The Foundation handles all of the details associated with the fund investments, distributions and administration.

Why partner with the Peninsula Community Foundation?
​
The Foundation’s mission is to inspire philanthropy by bringing together people who care with causes that matter, to make the Virginia Peninsula a better place for all who live and work here. People choose us because of our expertise and excellent customer service managing over 150 funds that include scholarships, donor advised funds, nonprofit endowments and corporate philanthropy foundations. re to edit.

For more information about establishing a fund, please contact Michael Monteith, Email/757.327.0862 ​​​
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  • Homepage - Peninsula Community Foundation
  • About
    • Board of Directors
    • Connect
    • Financials
    • News
    • Partners
  • Impact
    • Brink Impact Fund
    • Children's Holiday Fund
    • COVID 19
    • Give Local 757
    • Grants
    • Impact 100
    • Leadership Society
    • Legacy Society
    • PCF Initiatives >
      • Early Childhood
      • Homelessness
      • Neighborhoods
  • Scholarships
  • Funds
    • Agency
    • Corporate
    • Designated
    • Donor Advised
    • Employee Assistance
    • Legacy >
      • Types of Funds
    • Aug 2022 Advisor Newsletter
    • Sept 2022 Advisor Newsletter
    • Oct 2022 Advisor Newsletter
    • Nov 2022 Advisor Newsletter
    • Dec 2022 Advisor Newsletter
    • Jan 2023 Advisor Newsletter
    • FEB 2023 Advisor Newsletter
    • MAR 2023 Advisor Newsletter
    • Sept 2022 Donor Newsletter >
      • KEEPING TRACK OF YOUR CHARITABLE DONATIONS IS MORE IMPORTANT THAN EVER
      • HERE’S WHAT TO KNOW BEFORE GIVING MONEY TO A NEW NONPROFIT
      • HOW TO GROW YOUR CHARITABLE GIVING BY BUNDLING TAX SAVINGS
    • Oct 2022 Donor Newsletter
    • Nov 2022 Donor Newsletter
    • Dec 2022 Donor Newsletter
    • Jan 2023 Donor Newsletter
    • Feb 2023 Donor Newsletter
    • Mar 2023 Donor Newsletter
  • DONATE
  • Fund Login