400 Meridian Street, Suite 201
Huntsville, AL 35801
256-539-8002
 |
 |
 |
 |
 |
 |
 |
 |
 |
The Community Foundation of Huntsville/Madison County
The Community Foundation of Huntsville/Madison County established an office in Huntsville in August of 2009, joining fourteen other community foundations in the state of Alabama. Community foundations work to increase giving. That is done by educating potential donors about the tax benefits of giving and by providing tax-advantageous avenues for giving. By growing the donor pool, they strengthen their community's non-profits and churches. A community foundation can also provide cost-efficient management of funds for non-profits and churches.
Within the past two years, the Community Foundation has established funds totaling $5.4M. The majority of those funds are donor advised funds. Donor advised funds enable a donor to take an immediate tax deduction, establish a charitable giving fund, and give donations from the fund over time.
How it works
• You make a donation to your community foundation—you can give cash, appreciated stocks, real estate, or other assets.
• The Community Foundation sets up a special fund in your name, in the name of your family or business, or in honor of any person or organization you choose.
• You receive tax benefits in the year your gift is made.
• You make gifts from your fund to support the causes and organizations you care about most.
• The Community Foundation handles all the administrative details and issue these gifts to charities in the name of the fund you establish (if you prefer, can be made anonymously).Possible Scenarios
• Year-end tax planning
• Preserving an estate through planned giving
• Establishing a private foundation
• Gifting closely held stock
• Gifting highly appreciated stock
• Gifting a portion of the proceeds from the sale of a businessWant more information?
Community Foundation of Huntsville/Madison County
659 Gallatin Street, Suite 100
Huntsville, Alabama 35801
(256) 489-2281 ext 102
(256) 479-1010 cell
commfoundhmc@gmail.com
www.communityfoundationhsv.org