Services for Supporting Organizations
The following is a menu of services The Community Foundation of Greater Chattanooga, Inc. can provide. This list is intended as a guide for donors and families considering the different services they require to accomplish their philanthropic objectives.
Grantmaking and Donor Services
- Assist in preparation of grantmaking guidelines.
- Grant processing service.
- Grant proposal review assistance.
- Grant evaluations.
- Preparation of grant award and denial letters.
- Grant tracking.
- Facilitate next generation family member training.
- Joint philanthropic venture opportunities.
- Charitable and planned giving services.
Financial Services (if consolidated)
- All state and federal filings such as tax returns.
- Financial asset management.
- Investment performance monitoring and fee review.
- Arrange audit and prepare Form 990.
- Quarterly financial statements.
General/Administrative Services
- Meeting space.
- Board meeting management services including preparation of docket and minutes.
- Document preparation; stationary and letterhead design.
Public Relations Services
- Press release preparation and distribution.
- Preparation and printing of newsletters, brochures and annual report.
Notes on Supporting Organizations
Purpose
A supporting organization allows a donor or private foundation to
gain affiliation with the Community Foundation. The supporting organization
receives the benefits and services of the Foundation while retaining
autonomy by having the opportunity to establish its own Board of
Directors, and manage its own grantmaking and investments.
Administration
The Community Foundation staff can provide support and management
for grantmaking, asset management, and tax filings, or the supporting
organization's Board of Directors may manage those services.
Requirements
Separate tax number and annual reporting requirements.
Asset size
Fund of $2,000,000 or more.
Tax Benefit
The Community Foundation's public charity tax status provides maximum
deduction for gifts of appreciated property and cash unavailable
to private foundations.
Governance
A supporting organization may maintain a separate Board of Directors,
a majority of which are appointed by the Board of Directors of the
Community Foundation.
Grantmaking
Donor and Board of Directors of supporting organization maintain
identity and active participation in grantmaking activities; may
publish its own annual report.
View a chart comparing the administration of private foundation vs. supporting organizations vs. community foundations.
