Simply put, the United Way raises funds for current community needs, and the Pinellas Community Foundation serves donors and builds endowment for current and future community needs. The United Way helps to improve lives of communities around the world to advance the common good. The Pinellas Community Foundation’s only focus is helping communities right here in Pinellas County.
Ok, so what are the financial benefits and tax advantages of gifting through the Pinellas Community Foundation?
The Foundation’s approach to planned giving offers a number of important benefits to donors. Because we manage a large number of discretionary funds, administrative costs and custodial fees for any one fund are minimized – meaning less overhead cost to the donor’s fund. Another important advantage is that the federal tax code provides significant incentives for contributions to a Foundation like ours.
The Pinellas Community Foundation also has a number of different types of funds to accommodate donors who prefer the long-term strategy of endowments or those who want to give more actively each year. Donors may choose to establish one of these funds, which allow donors to recommend grants, or donors may choose to contribute to an existing fund that is focused on the needs in Pinellas County. Both the United Way and the Pinellas Community Foundation envision a world where all individuals and families achieve their human potential through education, income stability and healthy lives. Get Involved – Contact us at 727.531.0058 or email us at: info@pinellasccf.org on how to start your give-back-to-the-community fund.
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