Disaster relief in Mexico and Puerto Rico

Support disaster recovery efforts in the Mexican communities affected by earthquakes and in Puerto Rico, severely damaged by hurricanes.

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Types of Funds

Establishing and adding to funds is easy at the Community Foundation. No matter which option your clients select, they will know that their dollars are at work where they want them to be. Our staff is happy to discuss these options with you and your clients to select options that match their giving needs. Because minimums vary by type of fund, please email(fhorrell [at] cfgm [dot] org) Director of Professional Advisor Development Frank Horrell, CPA, CFP® or call him at (901) 722-0027 for more information.

Donor-advised funds

Donor-advised funds offer flexibility and convenience. Your client receives the maximum tax benefit in the year he or she makes a gift. The client decides when to recommend grants and to what organizations. This is the most popular type of fund at the Community Foundation. The minimum to open a donor-advised fund is $10,000.

Supporting organizations

Supporting organizations provide an excellent alternative to a private foundation for donors with charitable assets of $2 million or more. Although a supporting organization is part of the Community Foundation of Greater Memphis, it is a separate legal entity with its own board. It qualifies for the preferential tax treatment afforded community foundations.

Scholarship funds

Scholarship funds provide a permanent source of aid for students. Your client may designate a fund for a particular school or course of study. The minimum size for a scholarship fund is $25,000.

Donor-designated funds

Donor-designated funds are for someone who wants to support one or more specific nonprofit organizations for a fixed number of years or in perpetuity. The minimum to open a donor-designated Fund is $10,000.

Field of interest funds

Field of interest funds are ideal if your client wishes to support an area of special interest such as education, the arts, health, the environment, animal welfare, or a particular geographic area. The minimum size for a Field of interest fund is $100,000.

Nonprofit funds

Nonprofit Organization endowment funds are initiated by the boards of nonprofit organizations to support their work. The minimum for a nonprofit fund is $25,000.