Start a public/private foundation with the help of a Cornerstone Foundation Donor Advised Fund

Is your credit union interested in starting a nonprofit foundation or charity? Great news: your Cornerstone Foundation has a solution.  

A Cornerstone Foundation Donor Advised Fund offers many of the advantages of a private/public credit union foundation without the initial set-up costs, ongoing excise taxes, and administrative expenses. By partnering with the Cornerstone Foundation, your credit union will avoid the continual compliance and reporting requirements, as well as a separate accounting system to track your nonprofit’s financials. And you’ll simplify and improve your credit union’s charitable giving because donors (both individuals and organizations) can leverage the tax deductibility of donations. 

A Cornerstone Foundation Donor Advised Fund gives your credit union the flexibility of its own foundation without the expense of time, energy, staff, money, and other resources required to start and manage a private/public foundation on your own.  

Save the date for an informational webinar on May 5 at 2 p.m. with your Cornerstone Foundation to learn more about the application process and benefits of a Donor Advised Fund.

If you have questions, please email Emily Moreno, Cornerstone Foundation grants manager.