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TCN offers to Donors who establish a Donor Advised Fund at TCN some or all of the advantages of both private and community foundations.
Donors may choose to have us manage funds with different objectives.
The following Investment Portfolios are available:
- Income
- Growth and Income
- Growth
Click here to learn more about funding options
Donors may donate to:
- Any Public Charity or Church
- Any Qualified International Charity
Timing of tax benefits:
Funds can be:
- Deposited in one year,
- Distributed the next, or
- Held for growth as an endowment
Donor identification:
- Donor can act anonymously or
- Donor can be recognized for their philanthropy
These advantages make TCN the organization of choice for the charitable activities of individuals and corporations alike, as well as for individuals who own corporations.
Mission:
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To help individuals, corporations and communities become involved in the charitable, educational, scientific and religious sectors.
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To teach and promote legal and philosophical principles of charitable giving.
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Investment Management:
TCN employs the services of a Trust Company to manage the funds in the Donor Advised Funds. This company provides online access to the accounts for each donor. Distribution requests can be made on line as well.
The investment program follows:
- The "Prudent Investor Rules" under the Uniform Act adopted by many states
- The needs of TCN for control and performance
- Modern Portfolio Theory of Investment Management
- The needs of the particular donor for liquidity and total return, considering the future distribution intentions
- The desire for building an endowment and the needs for current income.
Low Cost:
The costs of a Donor Advised Fund Account are no more than the costs of a Community Foundation Account. There is no set up fee. Our annual administration fee is under 1% per year of the balance in the account, and the fee is charged pro rata quarterly.
Security:
TCN accounts are held as separate, segregated accounts, and separate as well from TCN's general operating fund. The funds in each separate account are restricted to the purposes for which the account was established.
TCN ensures strict compliance with the Internal Revenue Code and Federal and state Regulations. We insure that all operations are conducted within the scope and boundary of the IRA regulations for 501(c)(3) charities.
Giving Services:
TCN provides special planned giving services to the public through the professional planning community.
These services include:
- Charitable Trusts
- Charitable Gift Annuities
- Donor Advised Accounts
TCN is specially equipped to offer these services, with a professional team of legal, accounting, financial and legal advisors who have a many years of experience in these services.
TCN utilizes Summit Trust Company to act as Trustee and Custodian, and provides Investment Management Services and Administration for the services described above. For more information on Summit Trust Company and their many attractive services, visit the web site at:
www.summittrust.com
TCN is a non-profit 501(c)(3) organization, formed in 1990 for the purpose of Charitable Projects, including Grants, Research and Education.
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