Donors may contribute any of the following assets to open or contribute to a charitable fund at TCF:
Cash and Bonds
Securities
Includes publicly traded or privately held stock and mutual funds.
Real Estate
Includes homes, condominiums, apartments and undeveloped land.
Tangible Personal Property
Includes art, antiques and jewelry.
Business Interests
Includes non-publicly traded or closely held stock and partnership interests.
Retirement Assets
Includes IRAs, retirement plans, charitable remainder trusts, lead trusts, charitable gift annuities, etc.
Trust and Estate Assets
Life Insurance Policies
All (long-term) securities are deductible at full fair market value; thus, the donor avoids capital gains tax. Assets with a low cost basis are often wise choices as they offer the maximum advantage to receive a favorable income tax deduction.
While these are the most common ways for individuals to make gifts, other forms of giving are available. Our creative and flexible staff members are pleased to discuss giving options with you and/or your attorney, accountant, financial planner or other professional advisor.
Annual Fee Schedule
Charitable Agency Funds
- .25% on balances up to $250,000
- .10% on remaining balance of fund
- Minimum Fee: $25
Scholarship Funds
- 1.0% on balances up to $1 million
- .10% on remaining balance of fund
- Minimum fee of $250
Charitable Gift Annuities and Other Planned Gifts
- .60% on balance of the fund until maturity
- Minimum: $125
- 90% of the balance at maturity to benefit charities of the donor’s choice (up to 20% of the monies to go outright to charities of the donor’s choice with the remainder to be permanently invested in donor designated funds to benefit charities of the donor’s choice)
- 5% of corpus to go to TCF’s Endowment Challenge Grant Fund
- Remaining 5% to go to TCF’s Operating Endowment
- Donor advised or donor designated fund fees apply to permanently invested monies
Life Insurance Policies
- $100 per year, to be added to the policy premium amount, plus any start-up costs
- 90% of the balance at maturity to benefit charities of the donor’s choice (up to 20% of the monies to go outright to charities of the donor’s choice with the remainder to be permanently invested in donor designated funds to benefit charities of the donor’s choice)
- 5% of corpus to go to TCF’s Endowment Challenge Grant Fund
- Remaining 5% to go to TCF’s Operating Endowment
- Donor advised or donor designated fund fees apply to permanently invested monies
Temporary (Pass Through and/or Reserve) Funds
- Interest earned in the fund or $10 per grant issued, whichever is greater
Financial management fees of .40% are charged by TCF’s investment managers for investing, monitoring, and analyzing the foundation’s assets. These fees are charged in addition to those listed above, as are variable costs such as commissions and mutual fund internal expenses.
All fees are calculated and assessed quarterly based on the calendars quarter’s ending market value. Fees for additionally requested services are assessed at cost.