Donors Make a Difference
Have you thought about your charitable goals and how you can make a difference in your community?
The High Point Community Foundation is uniquely at the intersection of the needs of the community and the donors’ desires to make an impact. We help make connections by deploying a variety of resources to build a vibrant community. It’s not just grants, but thinking how we can leverage our financial, human and intellectual capital in service to our community. Let our team help you turn your generosity into impact.
Donor Advised Funds (DAF) are like “mini-foundations” that allow individuals and families to pursue philanthropy in a structured manner. It is a legacy vehicle that can be passed onto future generations and a wonderful way to teach your children and grandchildren about stewardship.
When Donor Advised Funds are established, donors are able to recommend how and when funds will be granted. The donor’s funds are overseen by the Investment Committee of the High Point Community Foundation and world-class investment managers.
Join us on contributing to some of the greatest areas of need in our community. Efficient. Effective.
Establish A Fund
Setting up a Donor Advised Fund is easy!
Giving should be easy, flexible, and fun! A charitable fund is an easy way to meet your philanthropic goals and streamline your giving. Starting a Donor Advised Fund with the High Point Community Foundation begins by speaking with Amanda Bennett, Director of Donor Services and Initiatives, to determine what philanthropic goals you want to accomplish through your fund.
Three Simple Steps to Create Your Charitable Fund
Contribute gifts of cash, stock, or other assets. You will receive a tax deduction in the year your gift is made to your fund.
Recommend grants to your favorite charities. Start making a difference in the community. We distribute the grants directly to the nonprofit on your behalf.
Donor Advised Fund FAQ
Creating a fund is simple. You can begin the process by sending an email to the Gift Planning team or by calling the Foundation at 336.882.3298. Amanda Bennett will guide you through a simple process based on your charitable goals and objectives.
Yes, the minimum amount to start a fund is $7,500
Many donors use their family name for their fund. You may prefer a name that is representative of the types of programs you want to support, or you may choose a name for the fund that preserves your anonymity.
The Foundation can accept many types of assets including cash, publicly traded securities, closely held and restricted stock, real estate, and life insurance policies. It is our policy to quickly convert to cash. Contact Amanda Bennett for more specific information 336.882.3298.
All gifts represent an irrevocable contribution and are not refundable.
Complete a Donor Advised Form and we will be working on your advisement right away. Or contact Amanda Bennett directly 336.882.3298.
Throughout your lifetime, you may recommend grants from your fund. You may also designate (on your DAF agreement) your spouse, child, or another member of your family to make advisements.
If you start a Donor Advised Fund with less than $250,000, your money will be pooled with SEI, a leading asset manager with more than 475 clients worldwide, as our Outsourced Chief Investment Officer (OCIO) to maximize the foundation’s investment assets. As a donor, you will greatly benefit from this strategic partnership.
If you open a fund and maintain a balance of $250,000, you have the option of investing your money with one of our preferred partners. To learn more details call our office 336.882.3298.
No. Based on a distribution from an IRA for the purpose of funding a DAF is not considered a qualifying distribution. Contact your tax professional for more details.