|PRIVATE FOUNDATION SERVICES
Private (family or independent) foundations can find a home at the Community Foundation of Shelby County. We can assist with the challenges you face, freeing you to focus on the reasons you established a foundation…the meaningful, effective and enjoyable side of giving.
Adding a Donor Advised or Designated Use Fund
Transferring a Private Foundation
A supporting organization is a unique blend of a private and public foundation. Just like a private foundation, it has its own Federal Identification Number (EIN) and applies for its own 501(c)(3) tax status. By connecting to the Community Foundation, it receives our administrative services, its contributions are deductible to the higher public foundation levels and it is free of the private foundation minimum payout and many compliance rules. Its board must be comprised of a majority of individuals appointed by the Community Foundation board, but family members or their representatives may also serve. The minimum size for a supporting organization is $2 million or the intent to reach $2 million within a period of time.