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What is Philanthropy?
Often the greatest opportunities to make significant charitable contributions occur just when you are making other major business, personal or financial decisions. Taos Community Foundation (TCF) has helped hundreds of individuals and families select the best options to meet their charitable giving needs.
Taos Community Foundation offers a variety of services to help corporations simplify and streamline their charitable efforts in the community. Among other things, Taos Community Foundation can alleviate many administrative duties from corporate staff as well as provide training opportunities for corporate employees about effective grant-making.Family Philanthropy Many families work together to make an impact through their charitable giving. Taos Community Foundation is very familiar with family giving and our staff can work with family members to: establish a mechanism through which the family can give, to provide information about effectively involving children in philanthropy, to provide grant-making counsel to families, if desired, and much, much more.Giving Circle Giving Circles are an increasingly popular way to make a collective philanthropic impact. Whether your giving circle consists solely of a group of friends or is a more formal network, Taos Community Foundation can help alleviate administrative duties so that you can focus on what is really important – charity. If desired, Taos Community Foundation also offers donors training opportunities about pressing community needs and effective grant-making.Joint Philanthropy Do you have someone significant in your life with whom you share your charitable giving decisions? If the answer is yes, a joint philanthropic fund at Taos Community Foundation may be of interest to both of you. Regardless of which type of fund the two of you may choose, you will receive quarterly statements detailing all account activity, helping you both keep track of the impact you collectively make.Personal Philanthropy Many people find that philanthropy is a very personal expression of gratitude and compassion for the things about which they care most. For that very reason, many people choose to make their own charitable gifts without involving others in the process. At Taos Community Foundation, you can choose a fund that fits your individual style. The knowledgeable staff of Taos Community Foundation is here to accommodate your philanthropic needs. Like so many of our donors, you may find that your TCF fund gives you more flexibility in your personal giving.Private versus Community Foundation? Comparing a Private Foundation with Community Foundation Services The Taos Community Foundation will consult with families and candidly discuss the advantages and disadvantages of setting up a private foundation. The disadvantages - costs, ongoing administrative burdens, quarterly tax payments, mandatory payout rates and reduced tax benefits - encourage many individuals and families to search for an alternative. Establishing a named fund at the Taos Community Foundation often meets the needs of donors more efficiently and effectively.
Establishing a fund with the Community Foundation has some distinct advantages over a private foundation. When we talk about these issues, we are discussing a very serious subject - money. Your money determines how you live, how you support your family, how you will retire, how you are taxed and how you share with others. It also says a lot about how hard you have worked and how committed you are to making good decisions. |
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