Charitable Checkbook
You can separate tax-driven timing considerations from your personal giving. You make a contribution of cash or appreciated assets when it is most convenient or advantageous in your life and then make distributions from your account to public charities you support at your own pace. It is easy to give to multiple nonprofits through a charitable checkbook account.
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Donor Advised Funds
Donor advised funds are established by donor clients who wish to actively participate in the grant-making process and wish for successors to do so as well. Individuals who establish a donor advised fund recommend charitable projects or organizations they want to support. It is easy to give to multiple nonprofits through a donor advised fund. Our Board of Directors is legally responsible for approving all grants.
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Designated Funds
Donor clients who wish to support a specific agency or cause can establish a designated fund. If the original charity ceases to exist, becomes obsolete or is unable to perform their charitable purposes, our Board of Directors is able to redirect the funds to an organization providing similar services without the cost of expensive legal action.
Many nonprofit organizations establish an endowment fund with us in order to grow assets to meet both current and future needs. They look to our Board of Directors for strong investment oversight services and ask our professionals to manage all of the administrative details of the endowment. This can provide a relatively constant source of annual income and help maintain their mission in perpetuity. It also frees the nonprofit to focus on what they do best in the community.
Donor clients can create a new designated fund, or contribute to an existing one.
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Field of Interest Funds
Field of interest funds are often established to support particular interest areas, specific program initiatives, causes or geographic areas. At the donor's request, use of the funds is restricted to a specified area of interest, but flexibility remains to meet changing situations.
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Supporting Organizations
Support organizations are established by donor clients who wish to create a formal family structure for their charitable giving. Support organizations are separate legal entities that have the benefit of public charitable tax status and access to our professionals' strategic grantmaking and family foundation expertise. Support organization activities are governed by its board of directors, of which the Omaha Community Foundation appoints a majority.
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