Five reasons to partner with a community foundation

Paula Carlsen

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MINNESOTA, MN — In order to achieve your charitable goals, there are many avenues to choose from out there. However, community foundations can offer you unique benefits and strong connections to the communities they serve.

Here are five benefits to partner with a community foundation:

1. Offers their donors a personalized service based on their needs.

Each donor is assigned a dedicated philanthropic advisor who will work with them, their family, and their professional advisor to provide a customized giving plan.

2. Provides donors with localized community expertise

Community foundations give grants to many of the same nonprofits our donors support. The philanthropic advisors will work closely with the grantmaking team members that have relationships with nonprofits across the state.

Their deep understanding and knowledge of organizations specific to Minnesota allow the philanthropic advisors to provide nonprofit recommendations that align with donors' interest areas.

3. Provides donors with education and learning opportunities

Foundations bring their donor community together through charitable events. For example, Saint Paul & Minnesota Foundation hosts the Giving+Together that discusses the emerging and changing needs of the communities. Donors can identify the best way to achieve their charitable giving goals by using a digital donor toolkit.

For more information about the event, visit https://www.spmcf.org/donors/donor-resources/events.

4. Helps donors envision and build their long-term legacy.

Foundations help donors build a lasting legacy through diverse options. The gift planners will work with each donor and their advisors to identify the best way to achieve their goals and then leverage all available tools to make those goals a reality.

Depending on the donor's personalized charitable giving plan, we may recommend creating a donor-advised fund through their estate or using beneficiary designations, a designated fund to provide ongoing support to specific nonprofits, or a field of interest fund to provide support to a donor's area of interest.

5. Accepts a wide range of assets.

In addition to accepting gifts of cash or stock, community foundations like Saint Paul & Minnesota Foundation also accept a range of non-cash assets such as real estate, closely-held business assets, life insurance, or farm assets.

Please visit https://www.spmcf.org/donors/donor-resources/philanthropic-services-team to find out more about Saint Paul & Minnesota Foundation as well as the benefits of partnering with a community foundation.

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