Community Foundation for Palm Beach and Martin Counties

That’s where we come in. The Community Foundation provides a number of philanthropic services that can solve private foundation management. 
 

By transferring a private foundation into a fund at the Community Foundation, we can help put an end to the administrative burden. Instead, donors are free to focus on the joy of giving. Whether you choose a Donor Advised Fund or a Supporting Organization structure, the benefits will be the same – reduced administrative burdens, maximized charitable giving and the assurance that the foundation’s work will go on as intended. Their legacy continues through intelligent grantmaking that also makes financial sense. Compare the options!

 

Using a Private Foundation’s Income to Create a Fund
On occasion, the trustees of a private foundation may have difficulty deciding on a sufficient number of grants to meet the annual 5% payout requirement.  A solution is to create a fund at the Community Foundation, named for the private foundation, and to contribute all or part of the current year’s income to the fund.  This option provides a solution enabling trustees to take their time and deliberate on the grants to be recommended from the fund.
 

Grantmaking Services for Private Foundations
A Private foundations can retain the Community Foundation to assist in developing its grantmakng initiatives.  The expertise of our staff can prove to be an invaluable asset to the private foundation.  By tapping into our philanthropic grantmaking services, the trustees can identify important community needs and achieve the impact that was originally envisioned.
 

Regardless of the situation, we are a center of knowledge, options and services for private foundations seeking to increase the impact of their philanthropy. Learn more about our resources.