Frequently Asked Questions
What is a community foundation?
Who governs The Dayton Foundation?
How can I get a copy of The Dayton Foundation's IRS Form 990 or Form 990-T or audited financial statement?
What is the advantage of a community foundation over a private foundation?
How does The Dayton Foundation invest fund dollars for growth?
How are The Dayton Foundation's services funded?
What are the financial benefits and tax advantages of gifting through The Dayton Foundation?
I would like to give something to my favorite charity, but I'm not rich. Don't I have to be wealthy to establish a fund through the Foundation?
How much must I contribute to establish an endowment fund?
Can I give anonymously?
May I use my Donor-Advised or Donor-Directed Fund to make grants to charities outside the United States?
Can other people contribute to my fund?
Is there a fee to establish a fund?
How can I get a copy of my fund statement?
How can not-for-profit organizations apply for discretionary grants?
Who is eligible for a grant?
How often may I apply for a grant, and how many applications can I submit?
Who decides which applications are awarded grants?
Where do you get the resources to fund discretionary grants?
I'm not a nonprofit organization; I'm just a person who needs some extra help. Can I apply for a grant?
What is a 501(c)(3) designation? How can I get one?
Do you have a specific question that is not addressed on this page? Contact us directly at (937) 222-0410 or toll free at (877) 222-0410. You also may e-mail us at firstname.lastname@example.org.
Governing Board, chaired by Jerome F. Tatar (right), is comprised of up to 15 knowledgeable, concerned community citizens and volunteers who live in the Greater Dayton Region. They represent a diverse group of people, who have different areas of expertise and community knowledge. They oversee the management and policies of the Foundation, as well as serve as the Board of Trustees for several subsidiary organizations of The Dayton Foundation.
How can I get a copy of The Dayton Foundation's IRS Form 990 or Form 990-T or audited financial statement?The Dayton Foundation's federal tax returns (IRS Form 990 for each entity of the Foundation or Form 990-T) and audited financial statements are available upon request. For more information, contact Steve Darnell, vice president, Finance, at (937) 225-9969.
Private foundations are highly regulated by the Internal Revenue Service. Plus, they are subject to numerous special restrictions, including administrative and reporting burdens, excise taxes and a required minimum payout every year. By affiliating with The Dayton Foundation, a family foundation may avoid being subjected to these rules and compliance requirements and better utilize the family foundation's resources for greater charitable purposes.
Learn more about the Foundation's private foundation alternatives.
Our volunteer Finance Committee, comprised of members of leading financial and investment institutions and businesses, works with our professional staff to regularly evaluate investment performance to assure successful achievement of stated benchmarks. The Dayton Foundation Governing Board has final oversite of investment policies and performance. The Foundation also employs the Fund Evaluation Group to provide third-party evaluation of investment performance on a quarterly basis.
from gifts to the Foundations operating fund,
When donating appreciated stock or other assets, you can receive a tax deduction for the full fair-market value of the stock on the date of the gift and avoid paying long-term capital gains tax on the increased value.Our low annual administrative fees on endowed funds can enhance the tax-free growth of donated assets to endowment funds. This allows for more generous distributions to your favorite charities over time.
I would like to give something to my favorite charity, but I'm not rich. Don't I have to be wealthy to establish a fund through the Foundation?No. Anyone can be a philanthropist. It does not require great wealth, just a concern or willingness to help others or a particular cause. It also does not have to be complicated.
We offer a variety of flexible, tax-advantaged giving options to help you reach your charitable giving goals. Contact Joe Baldasare, vice president, Development, to find out how you can start fulfilling your charitable dreams.
May I use my Donor-Advised or Donor-Directed Fund to make grants to chairites outside the United States?Yes! While international grantmaking has become more complex and challenging due to new governmental regulations, The Dayton Foundation can help. We offer several options to facilitate charitable giving to foreign organizations and make sure that they are in compliance with U.S. tax laws and the Patriot Act's anti-terrorism provisions. Click here for more information.
Donate online to any Dayton Foundation fund or Charitable Checking Account using your credit card.
Access Your Fund or Account, enter your password and follow the simple instructions on this secure web site. How to Apply for a Grant page of our web site. If you have any questions, please contact Jo Dech, grants and programs assistant, at (937) 225-9976.
be recognized as tax-exempt under Section 501(c)(3) of the Internal Revenue Code,
I'm not a nonprofit organization; I'm just a person who needs some extra help. Can I apply for a grant?The Foundation makes discretionary grants to qualified 501(c)(3) nonprofit organizations located primarily in Montgomery, Miami, Greene, Darke, Preble and Warren (north) counties of Ohio. We are unable to award grants to individuals, except in the case of scholarships, which are awarded directly to the educational institution on behalf of the student. Internal Revenue Service.
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File date: 1-06-2012