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Our donors make a major impact on the causes and organizations they support through their philanthropic work with CREATE Foundation. Whether its a donor supporting various causes through a Donor Advised Fund, or someone funding scholarships at their alma mater with their endowment's earnings, the result is clear -- lives are improved and positive changes happen when donors connect with the causes that are important to them.
Some of the funds that may be established at CREATE Foundation include:
Donor Advised Funds
Contribute to your fund and make grant recommendations on your own timetable. Gifts are tax deductible when you make the gift, but grants can be made anytime in the future. Tax records are simplified – one receipt from CREATE versus several from your favorite charities.
Endowments, like Scholarship Endowments or Field of Interest Endowments
A permanent fund that provides support for your chosen cause or organization in perpetuity is an endowment. The earnings are available for grantmaking each year.
Scholarship endowments can fund any level of education, a specific school, or students from certain counties. Field of Interest endowments might support a specific charity, a church, or a civic activity in your community. Three CREATE families use their endowments to fund the Tupelo Teachers of Distinction awards program, which has awarded thousands of dollars to teachers to encourage excellence in our public schools. The possibilities are many!
Support Organizations
An attractive alternative to forming a private foundation, the Support Organization has its own separate legal non-profit status, its own board, and its own grantmaking policies. Contributions earn maximum tax deductibility, there is no minimum payout for grants, and no excise taxes are assessed – all due to its public charity status acquired through CREATE.
To conveniently view sample forms for the endowments listed above, please click here
We hope you are inspired to find your own "philanthropic voice", and get involved with the causes that you value.
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