CAN I SUGGEST GRANTS TO ORGANIZATIONS OUTSIDE OF MONROE COUNTY?
Yes, but the mission of the Community Foundation of Monroe County is primarily within Monroe County. CAN I PAY FOR A NEEDY PERSON’S COLLEGE TUITION? No. You cannot support a particular needy person with a charitable contribution. You may, however, set up a scholarship fund for a group of people (the senior class, for example) with certain criteria (grade point average or financial need). Scholarship grants are almost always paid to the educational institution for tuition, fees or books. CAN I CHOOSE HOW THE FUNDS I CONTRIBUTE ARE INVESTED? No. When you give us money, in tax language you make a completed gift over which you can no longer exert control. That way you receive the maximum tax deduction allowable. If you establish a donor-advised fund, we are very interested in what your grant program will be so that we can tailor our investment to best suit that program. CAN I HAVE MY MONEY MANAGER HANDLE THE FUND I ESTABLISH? No. For the same reason that you cannot tell us where to invest
