When you're ready to make a difference, the Foundation can help you by:
- Providing current information on your options and their benefits
- Offering you insight into the needs in Coweta County
- Supplying a stable, tax-advantaged financial structure that maximizes your donation and assures its continued viability
We invite you to join us in making Coweta County an even better place to live.
Unrestricted Funds give the Foundation the discretion to make grants that address the most urgent needs of the community as they change from time to time. Many donors recognize the importance of unrestricted support to the Foundation by making contributions or bequests to this fund. Gifts of any size may be made.
Donor Advised Funds provide for continuous donor involvement, flexibility and allow donors to recommend the charitable organizations and causes to be considered for grants. Distributions can be from fund income, principal or a combination of the two. While tax laws require oversight by the Foundation's Board of Directors, donor recommendations of grants are routinely approved for qualifying organizations and institutions.
Field-of-Interest Funds benefit a specific area (such as education, the arts or disadvantaged children) which are of interest to the donor. As with the Unrestricted Funds, the Foundation decides where grants will be most helpful at a given time, but grants may only be used to support activities within the donor's specified field of interest.
Designated Funds make grants to specific organizations chosen by the donor when the fund is established. An important aspect of the Foundation's responsibility in accepting designated gifts is to make certain that the charitable organization's services and programs remain consistent with the donor's original interest.
Memorial Funds of any type can be established within the Foundation. Grants from this fund will memorialize the departed loved one in perpetuity.
Scholarship Funds are established by donors wishing to make education available to individuals in the community. Donors can be assured that the scholarship recipient(s) will be fairly selected by an objective committee appointed by the Foundation.
Pass Through Funds distribute all of the fund's principal to the organization of the donor's choice, either immediately or by a set schedule of payments. The advantage to donors is that they obtain a tax deduction when the gift is made to the Foundation, but distributions to beneficiaries can occur at a future date.
Agency Endowments can be transferred to a designated fund under the administrative umbrella of the Foundation. Over time, investment performance should improve, fees are reduced and staff is relieved of the time and expense of endowment accounting, management and audits.
Supporting Organizations are a specified type of foundation with its own board of directors and independent grant making ability. A supporting organization can be created with the Foundation or a private foundation may convert to a supporting organization of the Foundation. The supporting organization takes advantage of the Foundation's professional staff assistance, administrative services and favorable tax status while avoiding the paperwork, excise tax and annual payout requirement inherent in a private foundation.