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Tax Advantages -
Contributions to the Community Foundation of West Alabama
qualify for maximum income, gift and estate tax deductions. |
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Ease and Flexibility -
Community foundations make giving easy, flexible, and effective.
Donors can contribute cash stocks, property and bequests.
Unrestricted, Field of Interest, Designated or Donor Advised
Funds can be established in a donor’s name or in the
name of a loved one. Service is tailored to each donor’s
charitable and financial interests. |
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Convenience and Efficiency -
Each fund is maintained separately, but pooling funds for
investment and administration increases efficiency. We write
and mail checks, monitor results, and handle reporting, legal
and audit requirements. When compared to establishing and
administering a private foundation, the Community Foundation
of West Alabama offers increased flexibility and deductibility
for gifts. |
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Simplicity - A new fund
can be established with a simple agreement. Almost any type
of charitable giving can be accomplished through a fund with
the Foundation. You may give to nonprofit organizations in
the name of your fund or anonymously. |
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Community Knowledge -
Community foundations have as one of their central purposes
to know community needs and to work closely with other nonprofit
organizations within the area. We seek to understand the
issues, opportunities and resources that shape the West Alabama
area. Our goal is to maximize the effectiveness of each donor’s
gift. |
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Permanence -
Giving through community foundations helps benefit the community
forever and helps donors create personal and family legacies
of generosity. |
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