Guide to Giving - Berkshire Taconic Community Foundation

Frequently Asked QuestionsYOUR HELP can inspire students and teachers in building a better future for all of us.SHOULD I START MY OWNFOUNDATION?HOW DO I ESTABLISHA FUND?Not before talking with us first.If you have less than $10 million and arethinking of starting a privatefoundation, a community foundation isusually the more efficient andeconomically effective option –and offers you greater tax advantagesand less administrative work.By consulting your financial advisor and/orcontacting us directly to discuss your options.A fund may be created with as little as$10,000 and can be established within 2 days.You may donate different types of assets –cash, securities, real estate or other valuables.Establishing a fund is particularlyadvantageous if you own appreciated stock.YOUR PASSION can help protect our local environment and preserve land for future generations.DOES BERKSHIRE TACONIC ASSIST WITH ESTATE PLANNING?Yes. We will work with you and your financial advisor to review various planned givingoptions, such as bequests and charitable remainder trusts.HOW DOES BERKSHIRETACONIC AWARD GRANTS?ARE MY DEALINGSCONFIDENTIAL?YOUR INVOLVEMENT can energize your community and bring people together.Our professional staff oversees arigorous and competitive grantreview process. Guidelines forapplicants are publicly available atberkshiretaconic.org.Absolutely. You may choose whetheror not to be listed in our publications andgrants may be made anonymously.All financial information is keptstrictly confidential.berkshiretaconic.org 29