WHY CONSIDER INVESTING WITH THE NEW BRAUNFELS AREA COMMUNITY FOUNDATION?
A community foundation offers many advantages to someone seeking a way to create or redirect a philanthropic effort.
Often people discover that creating and maintaining a family or other private fund or foundation independently is expensive and time consuming. Creating a fund at a community foundation will reduce the time commitment needed and can lower the fund’s operational expenses.
A community foundation offers several benefits over other types of giving, including:
- As a 501(c)(3) public charity, your gift receives the maximum tax deduction under current tax law.
- Capital gains tax cannot be levied on gifts to a community foundation.
- A gift to the community foundation relieves the benefactor of administrative burdens and overhead expenses.