About Us
Become a Donor
Grants
Available Scholarships
Burke Women's Fund
Community Resources
Contact Us
cf national standards

Frequently Asked Questions

What are the minimum amounts to establish funds?

Endowment funds (except scholoarship) may be established with a minimum of $10,000. A permanent scholarship fund may be established with a gift of $20,000. Non-endowed donor advised funds may be established with a minimum of $1,000.

Can I fulfill my pledges with a donor-advised fund?

Many times donor advisors include "pledge" language in their recommendations to CFBC for their donor advised funds. In accordance with the Treasury Department regulations, grants awarded from CFBC funds may not be used to fulfill personal pledges or a financial obligation of a donor.

CFBC cannot pay pledges that were pre-existing personal commitments. We suggest that instead of completing a pledge card indicating a legally binding commitment, you communicate with the charity your intent to recommend a grant from your fund at CFBC. This is not a legally binding commitment. We will not honor recommendations that reference a pledge or copies of invoices.

We recommend for both your convenience and the convenience of a charity who will receive funds through a donor advised fund, that you include special instructions such as "capital campaign" or "general support" when you make your recommendation. Space is provided for these instructions on the donor recommendation form.

What if I want to make a grant to a charity out of state? or overseas?

Donors may support any charitable organization across the United States. International organizations may be supported provided there is a qualified US-based nonprofit available to receive grants on their behalf.

Is there any limit to the number of grants I can make or the amount of each?

There is no minimum for number of grants made from a donor advised fund. CFBC does require that all grants be a minimum of $100.

Will I receive acknowledgment of my gift for tax purposes?

Yes, CFBC acknowledges gifts to all funds. We offer maximum tax advantage under state and federal law.

What are the benefits of a donor-advised fund over a private foundation?

There are many reasons why establishing a donor-advised fund can be more beneficial than a private foundation. Learn more ...

How much does it cost to set up a fund?

There is no set-up fee to establish a fund. The current administrative fee of an endowment is 1%. Learn more ...

How do I communicate with CFBC about the grants I want to recommend?

Donor advisors may submit grant recommendations by faxing or mailing your recommendation form to CFBC. Learn more ... (pdf)

How are endowment funds invested? Can my financial advisor be involved?

Wells Fargo and Bank of New York Mellon are CFBC's investment managers. 
CFBC Investment Committee oversees all investments and investment decisions.
Learn more ...

What gifts are accepted other than cash and stock?

CFBC may accept gifts of cash, securities, real estate, personal property, retirement plan assets, and life insurance. Naming CFBC in your will or living trust is also a way to support the causes you care most about.

What if I need help with my grantmaking?

CFBC's expertise in the community is available to all of our donors. The Executive Director is happy to answer any questions you may have about your grantmaking.

Can I remain anonymous?

Yes, CFBC honors a donor's right to remain anonymous and keeps donor records confidential. Please make CFBC aware of your desire to remain anonymous.

How do I read my fund statement?

Click here to see a sample statement and its components described.