A Supporting Organization Trust maintains an individual identity and utilizes its own board of trustees, which governs independent investment and grant making policies. Grants are approved within the guidelines of the Community Foundation, which offers such resources as staff support and the fielding of grant requests. Cooperation between the Supporting Organization and the Community Foundation greatly enhances the impact of philanthropic interests upon the community.
How to Start a Supporting Organization
A Supporting Organization is an excellent alternative to a private foundation. You may select the board members and support the causes you care about most, while enjoying the favorable tax treatment, immediate startup, and ease of administration associated with working through your Community Foundation.
How it works
- You make a gift of cash, appreciated stocks, real estate, or other assets to establish a Supporting Organization – a separate charitable entity – in your name, in the name of your family or business, or in honor of any person or organization you choose.
- You may appoint a board of trustees, provided that the Community Foundation has meaningful representation (which gives you the tax benefits of affiliating with a public charity).
- You receive tax benefits in the year your gift is made.
- Your board of trustees recommends grants – working with our professional program staff – to support the causes and agencies you care about most. Grants can be issued to charities in the name of the Supporting Organization you establish, or if you prefer, grants can be made anonymously.
- The Community Foundation can assist with administrative details.
- Your gift can be placed into an endowment that is invested and will grow over time. Grants addressing community needs are made forever. You can determine investment strategy for the organization, get advice from the Community Foundation, or leave the details to our professional investment managers.