How can FCF assist existing private foundations?
1) Assist with Required Payout. On occasion, the trustees of a private foundation have had difficulty deciding on a sufficient number of grants to meet the annual five percent payout requirement. A solution is to create a fund at the Fayetteville Community Foundation, named for the private foundation, and to contribute all or part of the current year’s income to the fund. The private foundation’s contribution to FCF is a “qualifying distribution” that counts toward the payout requirement. You can take your time and deliberate on the grants to be recommended from the fund and gain the added benefit of our philanthropic services.
