News and Events

5 Spooky Community Foundation Myths

Halloween unearths haunting ghost stories and urban legends.  In the spirit of the ghoulish holiday, we have come up with five spooky myths about the Community Foundation of Abilene.

Myth 1: I have to have a trillion dollars to open a fund at the Community Foundation of Abilene.

Not so. It only costs $10,000 to start a fund.  Did you know we also have an option for you to build a fund, allowing you to add a little money to your fund incrementally over time until it builds up to the minimum amount? So, if there are charitable causes you care about and want to support for years with a single fund, don’t let concern over the cost keep you from fulfilling your philanthropic goals. What a spoooooky thought that is!

Myth 2: The Community Foundation only supports high-profile nonprofits.

Au contraire. In the past year alone, the Community Foundation has supported hundreds of different nonprofits with grants, impacting charities serving children, the homeless, the arts, cancer victims, animals, community development, and much more. And that’s just one year. It’s downright haunting to think that we would not support such a variety of needs in our community!

Myth 3: The Community Foundation of Abilene is for an exclusive group of people.

Now, this one is truly ghoulish. Since when did the idea of supporting the charitable needs in our community become exclusive to one group? We want to accommodate everyone’s charitable giving needs. If you’re not ready to open your own fund, we have ways for you to contribute any dollar amount to an existing fund supporting charities that matter to you. Or, maybe we can connect you to a nonprofit where you can volunteer. If there is a cause that matters to you, we would love to talk to you about how we can help with your charitable giving goals, however ghostly they may be.

Myth 4: The Community Foundation of Abilene only serves Abilene.

Actually, did you know we have several funds supporting regional organizations, including regions like Albany, Winters, Coleman County, Nolan County and others? We also have a number of scholarships specifically benefiting students in other towns in the Big Country. So, if you want to learn more about supporting the causes where you live, give us a call. It’s guaranteed to be a bewitching conversation!

Myth 5: The Community Foundation model is too confusing to understand.

It’s actually quite simple. Here’s how endowment funds work – Let’s say you open a fund with cash. We invest it and watch the fund grow. Then, the revenue is used to make grants to local nonprofit charities of your choice. Through endowed philanthropy, your gift isn’t just a one-time gift. It will continue to grow over time, making grants year after year, reaching the needs that matter to you. If you’re interested in learning more, we’d love to meet with you.