Make a Difference Through Corporate Philanthropy
Flexible Giving for Businesses of All Sizes
Establishing a Corporate Advised Fund with the Hamilton Community Foundation offers businesses a strategic and flexible approach to philanthropy. This type of fund allows companies to actively participate in charitable giving, aligning their corporate values with community needs and enhancing their social impact.
What is a Corporate Advised Fund?
A Corporate Advised Fund is a charitable account established by a business within the Community Foundation. Companies contribute to the fund and retain the ability to recommend grants to qualified nonprofit organizations, schools, churches, or government agencies. This structure provides a streamlined method for managing corporate gifts, with the Foundation handling administrative tasks and ensuring compliance with tax regulations.
How It Works
- Establish the Fund: Collaborate with the Hamilton Community Foundation to create a Corporate Advised Fund tailored to your company's charitable objectives.
- Contribute Assets: Funds can come from multiple sources depending on what best fits your company’s philanthropic approach. Contributions may be made directly from the business, collected through employee donation programs, or raised through customer engagement initiatives such as 'Dine to Donate' events.
- Recommend Grants: Work with the Foundation to identify and support nonprofit organizations that align with your company's values and goals.
- Monitor Impact: Receive regular updates on the impact of your contributions, ensuring your philanthropy aligns with corporate objectives.
Benefits of a Corporate Advised Fund
- Personalized Giving: Align your company\'s charitable contributions with its mission and values, supporting causes that resonate with your corporate culture. Some businesses also opt to involve employees in the philanthropic process, fostering a culture of giving and enhancing team morale.
- Simplified Administration: The Foundation manages the administrative aspects of the fund, including due diligence and grant distribution, allowing your team to focus on philanthropic goals.
- Flexible Philanthropy: Corporate Advised Funds are designed to meet the unique needs of each business. Some companies use them as a repository for funds raised by employee donations and workplace fundraisers, while others engage their customers as part of their giving strategy. Whether supporting community initiatives through customer participation or fostering a culture of generosity within your workforce, these funds provide a dynamic and adaptable approach to corporate philanthropy.
Ready to Create Your Own Corporate Fund?
Connect with our Donor Services Team today to learn how you can establish a fund that makes a lasting impact.
