For Donors

For Donors and Prospective Donors

Thank you for taking the time to learn more about the Bainbridge Community Foundation. The Foundation manages funds in two primary categories: donor-advised and foundation-advised funds. Per a donor’s wishes at the time of establishment, grants may be distributed in a manner that protects the original principal, or are spent down over time. A brief description of each fund type follows.

Donor-Advised

Donor Advised Funds: Funds permanently given to BCF where the donor retains the ability to recommend grants from the fund. Donors receive quarterly statements about the fund’s investment performance and current value. This is a good option for donors wishing to actively engage in their philanthropy. The minimum amount required to establish a Donor Advised Fund is $10,000. Fees include an annual administrative fee of 1.25% plus a variable investment fee, which currently averages 95 basis points.

Donor Designated Funds: Funds permanently given to BCF where the donor designates how and to whom funds should be distributed at the time of establishing the fund. This is a good option for donors wishing to establish long-term support of organization(s) or causes they care about, or to establish a legacy giving vehicle that will exist in perpetuity. The minimum amount required to establish a Donor-Designated Fund is $10,000. Fees include an annual administrative fee of 1.05% plus a variable investment fee, which averages 95 basis points.

Foundation-Advised

Named Community Funds: Funds permanently given to BCF that permanently carry the name of the original donor(s), but may be used by the Foundation toward the area of greatest need. This is a good option for donors who wish to create a philanthropic legacy that will grow and change with the community and the Foundation. The minimum amount required to establish a Named Community Fund is $25,000.

Scholarship Funds: Funds permanently given to BCF where the donor may establish the broad criteria for scholarship recipient selection, and a BCF scholarship selection committee selects the recipients based on applications submitted. This is a good option for donors wishing to support educational opportunities for Island students. The minimum amount required to establish a Scholarship Fund is $10,000. Fees include an annual administrative fee of 1.25% plus a variable investment fee, which averages 95 basis points.

Area of Interest Funds: Funds permanently given to BCF in support of a particular area of interest, which are used by the Foundation to ensure long-term or special support to that area. This is a good option for donors who care about specific issues and wish for the Foundation to address those issues via the most effective means possible.

Other Fund Types

Nonprofit Agency Funds: Funds permanently given to BCF by a nonprofit agency where the agency specifies the distribution of the funds (usually per the agency’s endowment policy) and BCF manages and administers the funds for long term growth. The minimum amount required to establish an Agency Fund is $10,000. Fees include an annual administrative fee of 1.25% plus a variable investment fee, which averages 95 basis points.

If you would like to learn more about establishing a fund at the Bainbridge Community Foundation, please don’t hesitate to contact us.

A copy of the Foundation’s Gift Acceptance Policy is available upon request.

As with any financial planning decision, we encourage you to consult your tax advisor regarding the deductibility of any charitable gift.