1 minute read

Supporting Organizations

Next Article
Designated Funds

Designated Funds

“Supporting Organizations,” affiliated under special provisions of Section 509(a)(3) of the Internal Revenue Code, support charitable programs that advance the general mission of the “supported” public charity, in this case, the Vermont Community Foundation. We offer this form of charitable partnership as a cost-efficient and tax-wise alternative to private foundations for individuals and families seeking the feel of a private foundation but in partnership with the community foundation’s expertise and community knowledge.

Each Community Foundation-stewarded supporting organization retains its distinct identity, including separate legal status, governing boards, and investment management. Benefits include favorable tax treatment and exclusion from various restrictions placed on private foundations, access to Community Foundation staff services, and a greater governance role.

Addison Community Athletics Foundation Curtis Fund

High Meadows Fund J. Warren and Lois McClure Foundation Let’s Grow Kids

This article is from: