Our Family Tree
Learn about the generous donors who have established charitable funds through Stark Community Foundation.
Creating a private foundation is an individual's or family’s public affirmation of their giving spirit and commitment to their philanthropic passions.
However, many individuals establish private foundations only later to discover that the process of managing the foundation is not as simple as it once seemed and becomes a burden to maintain. It takes a lot of time, energy and resources. Stark Community Foundation offers several personalized services to address these concerns, and we work with donors and their advisors to determine which option is best.
If your private foundation needs specific services — strategy, grantmaking or support — Stark Community Foundation can easily assist you. Our knowledgeable and experienced staff can help guide your foundation’s trustees as they make decisions regarding which organizations and programs to support. We can also share the pressing issues facing our community and organizations working strategically to meet those needs.
Some of our services include:
Many trustees of private foundations have difficulty meeting the annual 5% payout requirement, resulting in grants being made out of necessity rather than being strategic and impactful. Since Stark Community Foundation is a public charity, we can assist by accepting contributions from a private foundation’s annual payout into a Donor Advised Fund. This option also gives you more time to research the charities you want to support and the flexibility to give when the time is right for you. One or more trustees of your foundation can have grant recommending rights.
Some of our offerings include:
Converting your private foundation into a Donor Advised Fund or Supporting Foundation at Stark Community Foundation will not only alleviate administrative burdens, it will also increase your philanthropic impact. No matter which option you choose, the new fund can still maintain the same level of personalization as your foundation — name, identity, goals and vision. You can continue giving generously without the burdensome administrative costs, IRS requirements and excise tax payments associated with a private foundation. Converting your foundation will save you time and money while also maximizing the effectiveness of your grantmaking.
Some of the benefits include:
While Stark Community Foundation offers alternatives to private foundations, we regularly convene a group of local funders through our Partnership for Private Foundations to discuss an array of community needs and opportunities and share how we can work together to maximize our philanthropic impact.
Together, area foundations leverage their efforts to engage in local issues and collectively create lasting change in the community. As a member of our Partnership for Private Foundations, you will:
No matter what challenge you are currently facing, please know Stark Community Foundation is here to assist your foundation in a way that makes sense for you.