Professionally Speaking June 2017 – OACF

Begin your legacy of corporate philanthropy now!

by Karlene Grabner of  Oshkosh Area Community Foundation  920.426.3993

Imagine that you started the small business of your dreams ten years ago. Over time, thanks to mindful growth strategy and support from the community, your company has become a moderate to large organization with admirable profit margins. To commemorate your first double-digit anniversary you’ve decided that you want to give back to your community in a sustainable philanthropic manner, but you’re not certain what to do or how to go about doing it.

You could begin the process of setting up your own corporate foundation, but that could take a good deal of time, and might involve creating a brand new 501(c)(3) entity to register the charity. On the other end of the spectrum, you could designate a certain amount of money as a one-time gift to an agency in your community, but one-off donations like this are hardly sustainable. The optimal point of philanthropy for you, where the satisfaction of a large gift meets the responsibility of long-term growth and sustainability, may very well be a donor advised corporate fund.

What is a donor advised corporate fund? A donor advised fund, as explained by the National Philanthropic Trust, is a philanthropic vehicle established at a public charity that allows donors to make a charitable contribution, and receive an immediate tax benefit. The corporate aspect comes into play when a corporation sets up a donor advised fund that its employees can contribute to and potentially make granting recommendations toward.

What are the benefits to a donor advised corporate fund? Because the assets in the donor advised fund technically become the property of the public charity (ex: the Oshkosh Area Community Foundation) company donations to the fund are tax-deductible up to a certain percentage of total annual revenue. Financially, a tax write-off of a certain magnitude may be of great benefit to your organization’s strategic plan. Additionally, a donor advised corporate fund builds the philanthropic heart. We all leave legacies, but to sustainably support a charitable cause central to the giving vision of your organization is a truly beautiful way to provide a long-lasting, meaningful contribution to your community.

Start your own donor advised corporate fund by contacting Karlene Grabner at the Oshkosh Area Community Foundation. The process is simple, and the impact of your giving lasts for a lifetime and beyond.

Karlene Grabner is the Donor Services Director with the Oshkosh Area Community Foundation. Grabner engages donors to build bridges between charitable interests and community needs. Reach her at 920.426.3993  or Karlene@OshkoshAreaCF.org.