Donor Services
Investing in the St. Croix Foundation is an investment in your community!!
Charitable donations made to the St. Croix Foundation present meaningful opportunities for individuals or corporations to achieve philanthropic objectives. The Foundation’s donor services provide simple and feasible means for establishing a fund to address a specific or general community need. By charging a nominal fee to administer monies and manage funds, the Foundation provides an invaluable resource to the community.
Types of Donor Funds
The Foundation offers several options to donors, allowing funds to be: 1) restricted - whereby monies are to used address specific issues identified by the donor, creating their own special LEGACY or; 2) unrestricted - whereby funds can be established to either support existing programs or aid in the development of new ones that are consistent with the Foundation’s priority areas. Fund options at the St. Croix Foundation include:
Community Needs Fund
Crime prevention, economic development, childhood education, and community revitalization are some of the greatest needs in the community. By establishing a Community Needs Fund, donors’ gifts will be directed where they are sure to do the most good. As conditions change, so do grants.
Named Fund
Through the establishment of a Named Fund, donors can honor an individual or family they feel has positively impacted their lives or the community at large. A named fund can be created for a general or specific purpose.
Donor Advised Fund
Donor Advised Funds allow individuals to create a philanthropic fund without naming specific charities, while allowing them to remain actively involved by recommending grants from the fund. This type of fund is a convenient way to simplify a donor’s charitable giving and because of the Foundation’s 501(c)3 status, is an attractive alternative to creating a private foundation while offering donors full charitable deductions.
Corporate Donor Advised Fund
Businesses are often inundated with requests for charitable contributions each year. While most organizations wish to give, limited human resources can tax even the most generous of corporations, making it difficult. By setting up a Corporate Donor Advised Fund, businesses can simultaneously simplify and focus charitable giving. The Foundation will handle all of the administrative work and reporting requirements. And, by plugging into our technical assistance and grant-making services, businesses can increase the impact of their corporate philanthropy in the community.