Corporate, Foundation & Nonprofit Services

PERSONALIZED SERVICE. We make giving easy and effective. We offer a number of great giving options, and we accept a wide variety of gifts. You can contribute cash, stocks, bonds, real estate and other types of tangible bequests. You may establish a fund in your name or in the name of a loved one. In most cases, your gift qualifies for maximum tax advantage under federal law.

LOCAL EXPERTISE. Our in-depth understanding of the issues, opportunities and resources that shape our community is at your service. We monitor all areas of community need— including human services, education, the environment, healthcare, the arts and economic development. We can help you learn more about local organizations and programs that make a difference in areas you care about most.

COMMUNITY LEADERSHIP. We bring diverse people and organizations together to address local issues and opportunities. We invest in the long term. Our business is building a strong community.

PRUDENT INVESTMENT MANAGEMENT. Charitable funds are pooled together with our assets and invested, better ensuring optimum earnings. Our goal is to make your charitable giving easy. We handle all the fund maintenance, investment management, fund distributions, tax reporting, and records. You can receive a quarterly fund report or use our online access to view fund activity and submit grants online. We have over 400 successful funds with assets of over $70M.

Corporate Advised Funds
With a minimum gift of $5,000, your company can easily launch or grow its philanthropy program. Giving back is good for business, and The Community Foundation of South Alabama (CFSA) can help ensure your company achieves its vision for community impact. Our role is to help you enjoy the benefits of a corporate foundation without the expense and hassles of in-house management. There are significant tax advantages available to businesses through philanthropy as well.

How a Corporate Advised Fund works

  • Your Company makes a minimum gift of $5,000 to the Foundation to establish a Corporate Fund in your business’s name.

  • Any donor to the Fund receives a tax deduction and an acknowledgment letter from the Foundation at the time of the gift.

  • To make a grant recommendation from the fund, corporate advisors can simply notify us online, by phone, or through e-mail.

  • Your company may recommend any qualified 501(c)3 nonprofit, government, school or faith-based organization in the U.S to receive the grant.

  • We verify the tax-exempt status of each grant recipient, approve grant recommendations, complete transactions, and mail checks with customized cover letters featuring your company fund name. Any or all of your company grants may also be made anonymously.

Here’s an example of how a Corporate advised fund could work:

Davis Electric is passionate about helping the community through company and employee charitable donations. To maximize their giving and visibility, Davis Electric sets up the Davis Electric Foundation Fund at CFSA. The company recommends which nonprofits it wants to support and CFSA handles all the administration. Because the company’s donations are pooled with CFSA’s other assets and invested, the Davis Electric Foundation Fund at CFSA grows over the years and is known throughout the community.

Our Corporate Partners rely on us to make charitable giving easy and effective.

Commonwealth National Bank Fund

Gulf Shores Title Charitable Fund

Mitchell Company Charities

Participative Research Foundation

Thompson Holdings Foundation Fund

Volkert and Associates Charitable Fund

White Oaks Foundation Fund

Wintzell's Restaurants Fund

Private Foundation Services
If you are considering the formation of a private foundation or are currently involved in one, you have probably discovered the time and cost are more than you expected. Simplify your charitable giving by transferring the assets of the private foundation to a Donor Advised Fund at The Community Foundation of South Alabama.

Then say good-bye to worrying about administrative details, qualifying charitable organizations, tax filings and financial investments. The Community Foundation of South Alabama can offer you a flexible way to give while maximizing your taxable deduction.

You can name your Donor Advised Fund or Supporting Organization and recommend grants bearing your family name to nonprofit organizations throughout the United States or choose to remain anonymous. The Community Foundation verifies the tax exempt status of all grant recipients and insures all grant distributions follow all IRS guidelines.

Agency Endowment Funds
Your organization’s mission and programs are essential to the community and the individuals it serves. By creating an endowment fund with The Community Foundation of South Alabama, you can invest in your organization’s future.

Quick Facts:

  • An endowment fund can be established with a gift of $100,000 to the Foundation.

  • The principal of your fund can grow over time to generate an increasing stream of funding devoted to your organization’s mission.

  • We Accept a wide range of gift types such as real estate, tangible personal property and life insurance.

  • Any donor to the fund receives a tax deduction and an acknowledgement letter from the Foundation at the time of gift.

An example of how an Agency Endowment Fund could work:

The Orange River Society wants to plan for their organization’s financial future.  They chose to set up and endowment fund at the Foundation as a nest egg.  Every year the Orange River Society may receive a distribution from the Fund or choose to reinvest those funds thereby growing the principle of the Fund.  Over the years, The Orange River Society Endowment Fund grows and can provide larger annual distribution to the organization if needed.