Types of Funds

Our Standards

The San Joaquin Community Foundation is accredited through the National Standards for U.S. Community Foundations Accreditation Program. This accomplishment represents the Community Foundation’s commitment to going above-and-beyond federal and state law requirements to demonstrate accountability and excellence to communities, policymakers, and the public. 

Donor Advised Fund

Because of their flexibility and simplicity, Donor Advised Funds are a popular way for individuals and families to actively engage in philanthropy and support nonprofits in their communities. Donors are able to direct their giving according to their values and interests.

Get Started

Reach out to Louis Ponick, Director of Donor Relations at lponick@sanjoaquincf.org or 209-813-3351 to learn more or start the process of setting up your fund.

When you establish a Donor Advised Fund, the gift assets are converted into charitable dollars for your philanthropy. The Community Foundation’s financial administration, personalized service and grantmaking expertise are all available whenever you want to recommend contributions or discuss grantmaking strategies.

Establishing a Donor Advised Fund is simple. A gift of cash or other assets of $10,000 or more is made to the Community Foundation. The money is held in a fund named by the donor, such as “Thompson Family Fund”, or “Hope Fund”. The donor can recommend grants from the fund to give to other nonprofit agencies at any time. Final approval of grants rests with the Community Foundation Board of Directors.

Donor Advised Funds are easier and less expensive to establish than a private foundation and are subject to fewer restrictions and regulations. Donors can start small and build their fund over time. Many donors use their Donor Advised Fund to make contributions to the charitable organizations that they normally would write checks out to each year. Others use the Community Foundation’s expertise and community knowledge to help plan or expand their grantmaking.

  • Flexibility. Through the Community Foundation, an individual, family, business or civic group can create a fund with broad purpose or tailored to a specific interest.  Donor Advised Funds can be used to make grants in the San Joaquin Community or across the nation.
  • Simplicity. You can establish a fund today and make grant recommendations now or in the future. Grant requests from a Donor Advised Fund may be made at any time online, or with Community Foundation staff assistance. We take care of all paperwork and required reporting. Grant awards are made in the name of the fund, unless you request anonymity.
  • Special Tax Benefits. Gifts of appreciated assets qualify donors for tax deductions based on current market value and avoid capital-gains taxes. We offer the maximum tax advantage for most gifts under federal law, and can facilitate gifts of complex assets. You can add to the fund any time, receiving tax benefits with each new gift.
  • Expertise. Community Foundation staff stands ready to help you identify worthwhile programs, evaluate grant application needs, assess program quality, and monitor grants to ensure that funds are used as intended.
  • Cost Effectiveness. The administrative fee for a Donor Advised Fund is 1%. This fee covers full staff services, the filing of an annual tax return, an annual audit, the monitoring of investment managers, evaluating grant requests, and grant processing.
  • Professional Investment Management. Advised fund assets are pooled and invested in diversified, professionally managed portfolios. This means that donors may set assets away for future disbursement without having to manage those assets themselves or hire an investment manager.
  • Community Impact. We have created well informed and effective ways to make an impact on the organizations and issues that mean the most to you here in San Joaquin Countyor elsewhere in the US.

Scholarship Fund

A Scholarship Fund is meaningful way for individuals, families, nonprofits, or businesses to invest in the educational pursuits of the next generation. Scholarship funds can be set up to support a wide variety of needs, including promoting a certain career or industry, needs-based, merit-based, or in memory of a loved one. 

Get Started

Reach out to Louis Ponick, Director of Donor Relations at lponick@sanjoaquincf.org or 209-813-3351 to learn more or start the process of setting up your fund.

  • We set up a Scholarship Fund with the name you select. Your fund is pooled with other scholarship, donor advised and agency funds to take advantage of Community Foundation investment options.
  • The minimum to open a Scholarship Fund is $10,000 and you as the fund advisor will work with staff select the area of interest and other requirements you would like to put in place.
  • The Community Foundation works with high schools throughout San Joaquin County to publicize your scholarship fund. We receive applications electronically, compile them, evaluate them, and make recommendations based on your guidelines.
  • The scholarship review process is easy and state-of-the-art. The San Joaquin Community Foundation uses an efficient, online portal to collect scholarship applications. As a founder of the fund, you may participate in the evaluation process alongside our Scholarship Committee composed of staff and board members, and help select the awardees.
  • We handle the award process, sending out the checks to the colleges and universities, and handling any accounting and IRS reporting.
  • Flexibility. Through the Community Foundation, an individual, family,
    business or civic group can create a scholarship fund with broad purpose or tailored to a specific interest.
  • Special Tax Benefits. Gifts of appreciated assets qualify donors for tax deductions based on current market value and avoid capital-gains taxes. We offer the maximum tax advantage for most gifts under federal law, and can facilitate gifts of complex assets. You can add to the fund any time, receiving tax benefits with each new gift.
  • Expertise. Community Foundation staff promotes, receives and reviews applications with you, makes recommendations, and handles all the financial paperwork to award the scholarship.
  • Cost Effectiveness. The administrative fee for a Scholarship Fund is 5%. This fee covers full staff services, the filing of an annual tax return, an annual audit, the monitoring of investment managers, evaluating scholarship applications and award processing.
  • Professional Investment Management. Scholarship fund assets are pooled and invested in diversified, professionally managed portfolios. This means that donors may set assets away for future disbursement without having to manage those assets themselves or hire an investment manager.
  • Community Impact. Giving through the San Joaquin Community Foundation ensures that your contributions make the biggest difference possible. We have created well informed and effective ways to make an impact here in San Joaquin County.

Field of Interest Fund

A Field of Interest Fund supports a specific area of concern that you, as a donor, care about deeply. You identify an area of charitable need – as broad or as narrow as you define – and the Community Foundation leverages its extensive grantmaking experience and knowledge of the community’s needs to  implement a custom grantmaking strategy.

Get Started

Reach out to Louis Ponick, Director of Donor Relations at lponick@sanjoaquincf.org or 209-813-3351 to learn more or start the process of setting up your fund.

A Field of Interest Fund is ideal for donors who wish to make an impact in a specific area of need but prefer to utilize the Community Foundation’s grantmaking expertise to implement a grants program. Donors can choose to participate in the grant application review process or delegate this to experienced staff or a committee composed of community representatives.

  • The Community Foundation works closely with donors to understand their charitable desires and develops a grantmaking strategy.
  • The minimum initial contribution to open a Field of Interest fund is $50,000 with support fees assessed based on the complexity of the fund and the amounts expected to be awarded each grant cycle.
  • The donor approves the grantmaking strategy and the process and may choose to participate to the extant they desire in the grant-review committee.
  • Community Foundation staff handles the online grantmaking process, reviewing and issuing grants, and associated accounting and regulatory reporting.
  • Flexibility. Through the Community Foundation, an individual, family, organization, business, or foundation can create a fund with broad purpose or tailored to meet a specific need of the local or broader community. A Field of Interest Fund can be used to make grants in the San Joaquin Community or across the nation.
  • Simplicity. You can establish a fund today and make grant recommendations now or in the future. Grants from a Field of Interest may be made at any time. Community Foundation staff can implement a grantmaking process. We take care of all paperwork and required reporting. Grant awards are made in the name of the fund, unless you request anonymity.
  • Special Tax Benefits. Gifts of appreciated assets qualify for tax deductions based on current market value and avoid capital-gains taxes. We offer the maximum tax advantage for most gifts under federal law, and can facilitate gifts of complex assets. You can add to the fund any time, receiving tax benefits with each new gift.
  • Expertise. Community Foundation staff are ready to help you identify community needs, worthwhile programs, evaluate grant applications, assess program quality, and monitor grants to ensure that funds are used as intended.
  • Cost Effectiveness. The support fee for a Field of Interest Fund is tailored based on the complexity or simplicity of grantmaking. This fee covers full staff services, accounting and regulatory reporting, an annual audit, the monitoring of investment managers, evaluating grant requests, and grant processing.
  • Professional Investment Management. Donors have the option of investing their funds in one or more of the Foundation’s professionally managed investment pools. This means that donors may set assets away for future disbursement to charity without having to manage those assets themselves or hire an investment manager.
  • Community Impact. Giving through the Community Foundation ensures that your contributions make the biggest difference possible. We have created well informed and effective ways to make an impact on the organizations and issues that mean the most to you here in San Joaquin County.

Business Advised Fund

Establishing a Business Advised Fund is an easy, effective, and efficient way for business, big or small, to give back to their community. Businesses can receive a charitable tax donation to the extent allowed, then invest the fund’s contributions, and over time, grow the fund and direct their giving according to their values and interests.

Get Started

Reach out to Louis Ponick, Director of Donor Relations at lponick@sanjoaquincf.org or 209-813-3351 to learn more or start the process of setting up your fund.

  • All it takes is a signed application and a $10,000 or more gift of cash or other assets to establish the fund.
  • The gift is held in a fund at the San Joaquin Community Foundation, and named by the Business, such as “Do Good Fund”, or “Thompson Services Charitable Fund”.
  • The Business authorizes advisors to the fund who can recommend grants to give to nonprofit organizations, locally or nationally, whenever it is convenient.
  • Currently, there are no minimum payouts and business can build the fund’s assets over time.
  • The Community Foundation’s financial administration, personalized service and grantmaking expertise are all available whenever you want to recommend contributions or discuss grantmaking strategies.
  • Our expert staff works with your business to evaluate your corporate
    giving goals and objectives, and assists in maximizing your community impact and visibility. Staff can also help your business establish a grantmaking program that align with your charitable desires.
  • Flexibility. Through the Community Foundation, a business or corporation of any size can create a fund with broad purpose or tailored to a specific interest. Business Advised Funds can be used to make grants in the San Joaquin Community or across the nation.
  • Simplicity. You can establish a fund today and make grant recommendations now or in the future. Grant requests from a Business Advised Fund may be made at any time online, or with Community Foundation staff assistance. We take care of all paperwork, checking and mailing checks, and required IRS reporting. Grant awards are made in the name of the fund, unless you request anonymity.
  • Special Tax Benefits. Gifts of appreciated assets qualify donors for tax deductions based on current market value and avoid capital-gains taxes. We offer the maximum tax advantage for most gifts under federal law, and can facilitate gifts of complex assets. You can add to the fund any time, receiving tax benefits with each new gift.
  • Expertise. Community Foundation staff stands ready to help you identify worthwhile programs, evaluate grant application needs, assess program quality, and monitor grants to ensure that funds are used as intended.
  • Cost Effectiveness. The administrative fee for a Business Advised Fund is 1%. This fee covers full staff services, IRS reporting requirements, an annual audit, the monitoring of investment managers, evaluating grant requests, and grant processing and mailing.
  • Professional Investment Management. Advised fund assets are pooled and invested in diversified, professionally managed portfolios. This means that donors may set assets away for future disbursement to charity without having to manage those assets themselves or hire an investment manager.
  • Community Impact. Giving through the Community Foundation ensures that your contributions make the biggest difference possible. We have created well informed and effective ways to make an impact on the organizations and issues that mean the most to you here in San Joaquin County or elsewhere in the US.

Fiscal Sponsorship Fund

A Fiscal Sponsorship Fund allows an unincorporated organization (the “Fundholder”) to operate as a 501(c)(3) organization under the umbrella of the San Joaquin Community Foundation (the “Foundation”). 

Get Started

Reach out to Louis Ponick, Director of Donor Relations at lponick@sanjoaquincf.org or 209-813-3351 to learn more or start the process of setting up your fund.

As your Fiscal Sponsor, the Foundation becomes the tax-exempt organization that allows you to receive charitable contributions from individuals, foundations, corporations, and government agencies that may not otherwise be available to you. Under the supervision of the Foundation, these contributions are used exclusively for charitable purposes. The Foundation also provides back office services to your organization (e.g. acknowledgement of tax-deductible donations, invoice payments, bookkeeping and IRS reporting requirements).

How much does the Foundation charge for this service?

The Foundation provides the Fiscal Sponsorship service at an 10% fee taken on all deposits to the Fund. There are typically no other fees associated unless specifically agreed to.

How do donations work?

Donations are contributed to the Fund at the Foundation. Donors receive a charitable tax deduction for their contribution. The Foundation will send an acknowledgment letter to all donors for gifts of $250 and above. Governed by the Fiscal Sponsorship agreement, all dollars in the Fund must be used toward a charitable purpose.

What services are provided to Fiscal Sponsors?

  • Acknowledgement of all gifts of $250 and above
  • Creation and maintenance of accounting records
  • Fund statements
  • Payment of Foundation-approved invoices
  • IRS compliance and reporting requirements (IRS Form 1099s)
  • Use of tax exempt status to apply for grant funding (subject to Foundation approval)

All fundraising activity must be submitted in writing prior to the activity and approved by the Foundation. All uses of the Foundation’s logo and marketing promotions must be approved in advance by the Foundation. All fundraising materials should make clear, where applicable, that contributions being raised are on behalf of the Fund rather than by the Foundation but that the Fund is a component fund of the Foundation.

The Foundation receives all net income from a fundraiser and it is the responsibility of the Fundholder to provide the Foundation with accurate and detailed information regarding each contribution. It is important that fundraising activities be conducted under the observation and fiscal guidance of the Foundation to ensure that donors receive proper acknowledgment for their donation. This will protect donors from unintended tax consequences to themselves. Any goods or services received by donors in exchange for contributions must be properly documented in accordance with IRS requirements.

Event Responsibilities of Foundation

  • Management of assets that are received from donors into the Fiscal Sponsorship Fund;
  • Confirm event is in line with charitable mission;
  • Provide appropriate acknowledgments to donors; and
  • Review invoice documentation and process payment for all expenses

Event Responsibilities of Fundholders

  • Submit documentation for all event expenses
  • Collect IRS Form W-9’s from all vendors
  • Compliance with laws; and
  • Reporting and other requirements of every kind such as licensing, tax payment and liability insurance (see below) covering the Foundation

Payment of Expenses

The Fundholder will be responsible for all expenses related to fundraising events.

Depositing Checks into Fund

Please follow these steps to ensure timely deposit of checks into Fund:

  • Checks should be made payable to “Community Foundation of San Joaquin”
  • Checks should be mailed to the Foundation’s physical address:
    Community Foundation of San Joaquin
    ATTN: <Name of Fund>
    6735 Herndon Place, Suite B
    Stockton, CA 95219
  • Please do not hold donations for more than10 days. In nonprofit work, we find that donors appreciate having their donation “put to work” right away. If donation checks are held for too long, it appears that the money is not needed.
  • Checks are typically deposited into the Fund within 1-2 days after the Foundation receives them.

Request for Expenditures from Fund

Please follow these steps to ensure timely payment of expenditures from the Fund:

  1. Request a written invoice from a vendor that clearly itemizes expenses
  2. Fill out an Expenditure Template
  3. If you are requesting payment to a vendor for the first time from the Fund, you must request a current IRS W-9 Form from them to accompany their invoice.
  4. Scan all the information as an email attachment and email to Louis, Director of Donor Relations, at lponick@sanjoaquincf.org
  5. In the subject line of the email, please type: <Name of Fund> Expense – <Name of Vendor>

How long does it take to get expenses paid from the Fund?

Typically, we pay expenses the same week if invoices and all the necessary documentation are submitted on or before 12pm on Wednesday. Payments are typically sent out on Friday afternoon. If expenses are submitted after 12pm on Wednesdays, they will not be paid until the following week on Friday.

Agency Fund

An Agency Fund is a cost-effective and easy way for nonprofit organizations to invest in their future. Donors can be confident that the fund will be professionally managed to build a reliable source of continuing support for their good work.

Get Started

Reach out to Louis Ponick, Director of Donor Relations at lponick@sanjoaquincf.org or 209-813-3351 to learn more or start the process of setting up your fund.

The Community Foundation’s economies of scale provide your organization the benefits of a diverse investment portfolio and low investment fees that typically come only with large funds. Nonprofits can use an agency fund to invest their reserves, or establish and build an endowment to support the long-term dreams of the organization.

  • We work with nonprofits to learn about their organization’s needs and can setup an endowed (principal is guarded from spending) or unendowed (fully expendable) agency fund in the name of your nonprofit organization. Your fund is pooled to take advantage of the Community Foundation’s investment options.
  • The minimum to open an Agency Fund is $25,000. Your board determines how much to contribute for the initial investment to establish your fund. Your organization or donors may then add to the fund any time.
  • We work with your staff to understand the nuances of accepting complex asset gifts to your fund, like stock, trust, appreciated assets (such as art) and bequests.
  • Focus your mission. When you open an Agency Fund, your organization is immediately taking advantage of the investment, accounting, and gift processing expertise of the Community Foundation, which means you can focus on your organization’s programs and services.
  • Receive complex gifts. The Community Foundation has the capacity to accept assets such as appreciated securities and real estate as charitable gifts. This makes it easier for your donors to support your organization with assets other than cash, making your fundraising efforts more comprehensive and appealing without having to add the capacity to handle those kinds of gifts.
  • Accept planned gifts. By having an Agency Fund at the Community Foundation, you can more easily receive planned gifts, such as bequests, and we can serve as the trustee of a charitable remainder trusts.
  • Take advantage of the Community Foundation’s investment strategy. By having an Agency Fund at the Community Foundation, your agency’s assets will be invested along with the assets of our donor-advised funds and the other funds established by families, individuals, and nonprofit organizations. And you’ll be able to take advantage of investment options not typically available to individuals or single organizations.
  • Sequester assets for future use. Many organizations appreciate the value of not mingling assets designed for long-term use with assets used for daily operations. And funds that are raised for a particular use will be protected from being used for other purposes in the future, since the purpose will be specified in a Fund Agreement.
  • Minimize record-keeping and reporting. The Community Foundation takes care of all reporting and tracking of your fund, including any IRS filings. Your organization receives a quarterly financial statement detailing the assets in your fund.
  • Benefit from your association with us. We are a local organization with deep roots in San Joaquin County. Many donors have more confidence when a smaller organization’s long-term assets are handled by a well-known institution.

Get in Touch

Together, we can build brighter futures for everyone who calls San Joaquin County home. Reach out today.

Address
6731 Herndon Place Stockton, CA 95219
Telephone
209.943.2375