Leaving a Legacy
Some of the major local foundations and the options they offer to donors.
Community Foundation of North Florida
222-2899 | www.cfnf.org
- • Requires a minimum of $5,000 to start.
- • Accepts a wide variety of assets to start a fund, including complicated assets such as real estate and stocks.
- • Grants from funds must go to charitable organizations. Other than that, donors can specify a broad range of recipients, from educational institutions to religious groups. There currently are 84 funds in the foundation, with more than $2.5 million in grants to nonprofit organizations over the last three years.
- “We can be a very simple and cost-effective alternative to a private foundation.”
- – Alyce Lee Stansbury, director of donor services
Florida State University Foundation
644-0761 | www.foundation.fsu.edu
• Minimums vary by donation type. For example, the minimum for gift annuities is $25,000 and the minimum for charitable remainder trusts is $100,000.
• Staff works with donors and donors’ advisers to draft gift agreements specifying assets, recipients and any naming requests.
• Gifts can be used to fund teaching endowments, scholarships, buildings and other FSU-related projects. The state of Florida provides varying matching funds for fellowships and building donations.
“We will try to accommodate whatever the donor wishes.”
– Bob Conrad, vice president for planned giving
Tallahassee Memorial HealthCare Foundation
431-5389 | http://184.108.40.206/waystogive/
• Any minimums are determined on a case-by-case basis.
• Gifts can include life insurance and retirement plans; will bequests of cash, securities or real estate; and charitable lead or remainder trusts.
• Donors create endowments to fund equipment purchases, capital improvements, library acquisitions and educational grants. The foundation focuses its fundraising on the hospital’s main areas: Behavioral Health, the Bixler Emergency Center, the Cancer Center, Heart and Vascular Medicine, Orthopedics and Neurology, Surgical Services, and Women’s & Children’s Services.
“TMH is committed to responsible gift planning and always seeks to include the donor’s family and professional advisers in gift discussions.”
– Paula Fortunas, foundation president
Tallahassee Community College Foundation
201-8580 | www.tcc.fl.edu/tcc_foundation
• Minimum of $5,000 for planned gifts.
• A wide range of gift types are accepted, with the exception of gift annuities.
• Donations can go to fund scholarships, support specific programs, pay for new buildings, or for other unique purposes agreed upon between the donors and the foundation.
“We’re willing to work with the donors on any of the gifts they’d like to make that meet the mission of the college and the community.”
– Bob Webb, planned giving officer
Florida A&M University Foundation
599-3491 | www.famu.edu/about/admin/vppa/Foundation
• Minimum required amount to open an endowed account is $20,000.
• There are several ways to give including gifts of cash, stocks, bonds, real estate, tangible personal property (gift-in-kind), pledges, matching corporate gifts and payroll deductions.
• Gifts provide scholarships, equipment, teaching and research materials and other priority resources to enable the 14 individual academic units (schools, colleges, institutes [SCI]), and two programmatic units (libraries, international program) to improve student learning, retention, progression and graduation rates.
“Allow[ing] FAMU to positively impact the lives and welfare of our students, and enhance the execution of our motto, ‘Excellence With Caring,’ throughout the university.”
– Ronald M. Joe, interim vice president of development
Big Bend Hospice Foundation
878-5310, ext. 712 | www.bigbendhospice.org
• No minimum amount for donations.
• There are several gift opportunities that include memorial gifts, honor gifts, planned gifts, real property, living memories, Remembrance Walkway and through the United Way.
• Charitable gifts help provide care for the medically needy, children, the bereaved and those facing illnesses alone.“Our function is to serve the community – it always has been.”
– Jean Hurst, executive director
Covenant Hospice Foundation
(850) 438-9714 | www.covenanthospice.org
• No minimum amount for donations.
• Donations help under-funded or non-reimbursed programs such as chaplain services, volunteer services, children support services and bereavement services.
• There are numerous planned giving options that allow a gift planner to customize their gift plan.
“Covenant Hospice offers patients and families several programs that do not receive any funding or very little funding [and] raising money through our foundation is necessary to fund those services.”
– Kelly Crosby, vice president Development and Communications