Establishing a charitable foundation is a powerful and sustainable way for people to serve the communities and causes they care about. While private foundations are wonderful organizations, they can take a considerable amount of time and resources to maintain. Donor-advised funds and field of interest funds are effective alternatives to private foundations. They offer the same charitable giving benefits, and they provide easier management, improved tax deductions, grantmaking flexibility, and often a lower cost.
The Community Foundation of Abilene manages endowment funds for regional organizations and families interested in having the experience of their own family foundation without the administrative burden. Though CFA manages the fund, you can still name it in a way that honors the intent. Examples: Smith Family Foundation, Jenkins County Foundation, Garza Family Giving Fund.
For an alternative to family foundations, we recommend a donor-advised fund. Field of interest funds are good alternatives to regional foundations serving specified communities.
Getting started is easy
We are here to guide you through the process. There are three basic steps to get started:
It all starts with a conversation. We would love meet with you. Contact us a firstname.lastname@example.org or 325-676-3883.