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Community Investment Benefits
At the Greater Cabarrus Foundation, we collaborate closely with community investors to understand their passions and intentions, directing gifts to address the exact purposes they have identified and care about most. By pooling financial contributions, we maximize resources to tackle critical community needs and establish permanent funds which ensure long-term sustainability. Our mission and focus makes us the preferred local, flexible, tax-advantaged vehicle for enthusiastic donors who wish to leave a dynamic legacy in Cabarrus County while maintaining control of the direction and impact of their philanthropy.
Why Invest With Us
Ten ReasonS to Invest Through the Greater Cabarrus Foundation
1. Local Focus
Your gift will stay in Cabarrus County.
We are committed to supporting local nonprofit agencies and the clients they serve. That means your gift is an investment in our community and in helping other Cabarrus County residents through the agencies that serve them.
2. Operational Support
Your gift will help nonprofit agencies hire more people and serve more clients.
Since we provide operational support to agencies through our grantmaking program, it means these charities will be able to employ more people, provide more programming for clients, and ultimately help more people in our community.
3. Long-term Perspective
Your gift will keep giving year after year.
We ensure that the agencies you care about will be supported long after you are gone so that the community needs they address will be supported with operating funds in perpetuity. The Greater Cabarrus Foundation honors and protects community investor (donor) intentions in perpetuity.
4. Choice
Your gift may be designated for one community need, or many.
Opening and contributing to a fund at the Greater Cabarrus Foundation allows you to support various nonprofit agencies and interests. Our community investors contribute to a broad range of agencies and community challenges including those addressing housing, food insecurity, education, healthcare, employment, and others.
5. Significance
You can help meet the most pressing community needs.
Community investors can design gifts around general or specific goals. Even if the challenge which inspired the initial intent of the gift becomes obsolete, the Greater Cabarrus Foundation ensures that the fund continues to address important community needs while maintaining the original charitable intent.
6. Flexibility with Recognition
Gifts can be named to honor a loved one or remain private.
As the community investor, you have the option to name your fund and make grants in your family’s name. Alternatively, you may also remain anonymous and keep your philanthropy private.
7. Tax Advantage
Your investment in our community will provide tax and financial benefits.
Donating through The Greater Cabarrus Foundation offers significant tax advantages, making it an attractive option for community investors looking to maximize the impact of their contributions. We can also accept a wide range of assets, including cash, stocks, real estate, and other appreciated assets, allowing philanthropists to receive an income tax deduction, potentially up to six years if the gift exceeds annual limits.
8. Expert Investment Management
You benefit from giving through experienced investment managers.
Our Board of Directors collectively have over 100-years of investment management experience, and we have secured the services of one of the best wealth management firms in North Carolina. Through their collective expertise, and by pooling gifts for investment, we leverage economies of scale and provide more diversified asset allocation strategies and sophisticated investment vehicles which meet philanthropic goals for our community investors.
9. Convenience
You can support many County agencies with one gift.
Investing in Cabarrus County through the Greater Cabarrus Foundation allows you to have your own named foundation within the Foundation and allows you to designate your gifts to the Greater Good Society, a field of interest, or one or more agencies. You can also enjoy all the benefits of a family foundation without the typical burdens and expenses. We hold grantmaking consultation with you and then perform all the administrative tasks on your behalf including award letters, record-keeping, investing, and annual reporting through an independent audit.
10. Grantmaking Experience
You can lean on our knowledge of community needs and nonprofit agencies.
Don’t know which agency would make the best use of your community investment? Our board and staff are very familiar with local nonprofit agencies and the most pressing needs in our community. We can help you identify the issues you care about most, and the agencies who are making the best use of operating dollars to address the greatest needs in our community, thus ensuring your gifts makes the greatest impact.
