How Corporate Advised Funds Work
Through a proven, simple process, The San Diego Foundation can assist you in establishing an effective corporate advised fund. The steps are as follows:
- Your company makes a gift (cash, appreciated stocks, real estate or other asset) to The San Diego Foundation, which places the gift into a special fund in your company’s name.
- You choose if the fund will be an endowment or non-endowment. In an endowment, the principal is invested and only a portion of the income is granted to nonprofit organizations. The remaining income is returned to principal to protect the value of the endowment over time. This option provides support for your fund now and forever. In a non-endowment, the entire balance may be granted for the purpose of the fund.
- Your company receives tax benefits in the year your gift is made.
- You (or a team of employees) recommend grants from the fund to support the causes and organizations you care about most. If desired, our professional program staff is available to assist you in understanding community needs. Your recommendations are presented to The Foundation’s Board of Governors for final approval.
- We handle the administrative details and issue grants to charities in the name of the fund you establish.
- We follow up on grants as needed.