Donors establish charitable funds at the Boerne Area Community Foundation for many reasons. Here are a few:
Many donors want to assure that the things they care about—a place, a community service, an institution—will be supported long after they are gone. The Boerne Area Community Foundation exists as a permanent endowment making sure that your gift will do good work, now and in the future. The Foundation honors and protects the charitable intentions of its donors in perpetuity.
Establishing a fund enables donors to address multiple charitable interests. The Boerne Area Community Foundation supports a broad base of community projects and services, including the arts, the environment, health, women's issues, economic development and youth.
Many donors place no restrictions on how funds are to be used. Even if the current intent of your gift becomes obsolete, the Boerne Area Community Foundation will ensure that the fund continues to address future needs.
The Boerne Area Community Foundation honors and protects your preferences. Grants from your fund will always be recorded according to your wishes, a lasting symbol of your caring. Such funds may be increased at any time by additional gifts.
The Boerne Area Community Foundation qualifies as a public charity under federal tax law. Gifts made during a donor's lifetime may result in important tax advantages and testamentary bequests to the Foundation are deductible for federal estate tax purposes.
The Boerne Area Community Foundation’s Board and Investment Committee provide prudent stewardship of donor funds. Most gifts to a community foundation are pooled for investment purposes, to take advantage of a fully diversified portfolio and to minimize costs.
The Foundation’s Board of Directors is familiar with nonprofits and with the issues facing our local communities. BACF helps donors research the organizations and issues they care most about. In this way, donors can be assured that their donations will make a difference. Grants are managed according to established best practices.
The Boerne Area Community Foundation affords you the benefits of having your own separate fund, a “foundation within the Foundation,” that is simple and convenient, without the customary burdens and expenses. The Foundation provides award letters, record keeping, investing and annual reporting through an independent audit. You receive quarterly reports on the progress of your fund and its investment performance.