When to Consider the Gainesville Community Foundation for your Client

The Gainesville Community Foundation can be a helpful resource for you and your clients in a variety of situations. The Foundation can serve any legitimate charitable objective for any kind of donor.

The following are examples of situations where the Community Foundation can help:

• When your client is selling an appreciated asset such as stock or real estate and desires to avoid paying a capital gains tax on the appreciation and benefit a charity or charities
• When your client is considering establishing a private family foundation to create a lasting legacy and fulfill philanthropic visions but is concerned about the cost and administrative complexity
• When your client is an individual or couple with no children, with independent children or with a desire to pass only a portion of their estate to their children
• When your client has a particularly profitable year and desires to fund future charitable giving with a current income tax deduction
• When your client is selling a closely held business or is in the process of developing a business succession plan
• When your client wants to establish a scholarship fund
• When your client is considering a permanent memorial in honor of someone special
• When your client is creating a Charitable Remainder Trust or Charitable Lead Trust, and has not finalized the nonprofit beneficiary
• When your client has an existing relationship with a particular nonprofit organization, church or charitable cause and may be interested in creating a charitable fund to support that organization or cause
• At year end, when your client’s existing private foundation must meet their annual payout requirements

Listening for charitable opportunities:

• Year end tax planning
• Sale of a business
• Birth of a child or grandchild
• Sale of real estate
• Retirement
• Preserving an estate
• Honoring a loved one

Events

Read More Events »

Notice

The Gainesville Community Foundations 990 Form, as well as current and past audit statements are available upon request.

The Foundation will make the Form 990-T available for any years in which it files the form.

The Gainesville Community Foundations Investment Policy is available upon request

News

Read More News