Create your own Lasting Legacies
Connecting donors' dreams and interests with the needs in the community they care about is the cornerstone of the Rochester Area Foundation.
Focusing on the donor provides a unique opportunity to encourage civic engagement. Giving through the Foundation is made easy and flexible.
Because the Foundation has an in-depth understanding of the area's challenges, it is well positioned to connect donors' interests to real community needs, allowing donors to be proactive and intentional with their giving.
Making giving easy for donors
The Rochester Area Foundation makes it easy for donors to set up their funds and offers them many ways to give. Starting a fund is simple. Tax benefits begin as soon as the fund is established and continue with each additional gift.
Donor-advised funds offer superior flexibility. Donors add to their fund at any time and in any amount and recommend grants from their funds at any time.
Also, donors need not worry about the trouble of recordkeeping, reporting and accounting, which are all handled by the Foundation.
Five steps to create your own named fund
- Decide on the name of your fund.
- Based on your personal philanthropic goals, decide the charitable purposes of your fund. Will you use the fund to grant to a variety of non-profit organizations of your choice, or do you want to focus on a particular cause or activity?
- Work with the Rochester Area Foundation staff and your professional advisors to customize and sign a two-page document to establish the fund.
- Transfer cash, stock, real estate or other assets to your fund. This is a tax-deductible contribution.
- Enjoy the ability to make gifts to charitable organizations of your choice.
