Central Alabama Community Foundation: Home

Frequently Asked Questions

Since many donors and professionals ask very similar questions, we have put together a collection of these most Frequently Asked Questions. If you have questions that are not addressed here or if you wish to contact us for any other reason, please feel free to do so.

What is a "Community Foundation?"

A community foundation is a collection of individual funds and resources given by local citizens to enhance and support the quality of life in their community. It is a tax-exempt public charity that allows many individuals, through gifts and bequests, to establish permanent endowment funds under the umbrella of one large foundation. Money generated by these funds is distributed to the local community in the form of grants to other nonprofit organizations and agencies to address needs and opportunities.

The CACF was founded in 1987 to provide simple, flexible, and effective ways for permanent endowment funds to be established and managed. The foundation works with donors to help achieve their personal, financial, and philanthropic goals and to establish endowments for a variety of purposes. The CACF is completely autonomous and all decisions are made locally.

CACF is one of the over 600 community foundations nationwide. CACF is a member of the Council on Foundations, an association that represents all types of charitable giving programs. Community Foundations are the fastest growing vehicle for giving in the United States.

Where does the CACF get its funds?

The Foundation's funds come from individuals who recognize the need for a permanent base of charitable capital to support nonprofit activities. Endowments are built by pooling contributions from many individuals.

If I am not a “Rockefeller,” is the community foundation for me?

Community foundations offer a variety of options for making donations. By combining your resources with those of others who share your interests, you can maximize the impact of modest contributions with minimal costs. The Foundation also welcomes honorariums and memorial gifts.

Are gifts to the community foundation tax-deductible?

Yes. The CACF is recognized as a 501(c)3 organization by the Internal Revenue Service.

How are the funds invested and administered?

A diversified investment portfolio is managed by the trust departments of AmSouth Bank, Regions Bank, SouthTrust Bank as well as Jackson Thornton Asset Management, Merrill Lynch Asset Management and Welch, Hornsby & Welch.  Investment guidelines emphasize the protection of the corpus with the generation of income. The investment committee seeks total return with minimum risk over the long term.  Trustees review investment performance semi-annually, and the CACF's staff oversees the distribution of income to more than 200 nonprofit entities in central Alabama.

What do you fund?

To date, more than $15 million has been given to nonprofit organizations and individuals. Grant recipients include: Catholic Social Services, MANE, Rebuilding Together, SAYNO, Domesti-Pups, Kid One Transport, Meals on Wheels, Medical Outreach Ministries, Fathers Active in Children's Education, and Montgomery Museum of Fine Arts.  In addition, the Foundation administers scholarship funds which benefit students in Montgomery, Lowndes, and Elmore Counties.

How do you apply for a grant?

The CACF uses an application which can be obtained from the Grants section of our website or by contacting our office at (334) 264-6223. Applications are distributed in July, with an application deadline of early September. The proposals are reviewed in October, with visits to representatives of each project. Decisions are made in late October, with grants awarded in early November

How is the CACF different from the United Way?

Both are important resources to the community.  Both are necessary and compatible.   Some have described the differences by suggesting the United Way is more like a community checkbook, raising and distributing money annually, while a community foundation is more like a savings account, distributing interest from long-term funds in perpetuity.   An additional difference is CACF's broad scope of funding, including arts, religion, and scholarships, not just health and human services.

 

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Latest News

Newsletter March 2010
March 9, 2010

Download the ECCF 2010 Grants Application pdf
January 7, 2010

Download the ECCF 2010 Scholarship Applicationpdf
January 7, 2010

Download the AACF 2010 Grant Application PDF icon
January 6, 2010

Download the AACF 2010 Scholarship Application PDF icon
January 6, 2010

CACF News Archive

2010 Board of Directors

Albert C. Striplin
Chairman
Lynda Bordon
Co-Chair
Greg Sellers Secretary/Treasurer
Carol W. Butler
President

Larry D. Bern
Young J.Boozer, III
Milton Davis
Samarria M. Dunson
Janice Franklin
Katherine S. Gayden
John Henig
W. Inge Hill
Wilbur Hufham
Martha Jinright
Tyrone C. Means
Jennifer McDonald
Stacey R. Stakely
Karl K. Stegall
Percy Thomas
John Thornton
Diane Weil
Susie Wilson
Philip Young