Why Galesburg Community Foundation??

GCF carries out its mission by building permanent endowments as charitable capital for our local community. We maintain the highest professional standards for the investment and management of the funds entrusted to the Foundation. GCF also promotes effective grant making to serve both the current and future needs of the greater Galesburg area.

GCF offers many advantages to donors and their professional advisors. We constantly strive to ensure that the giving process is as streamlined and safe as possible so our donors can focus on the most important aspect of philanthropy - helping others. Some of the rewards of choosing to work with us include:

• Permanence - As living memorials, funds held by the Galesburg Community Foundation carry out the desired charitable interests in perpetuity. If a fund's purpose becomes outdated over time, we can redirect it to similar purposes.
  
  
• Tax Advantages - Because we're a public charity and not a private foundation, all donations qualify for the maximum available deduction for charitable contributions. Our funds also avoid the excise taxes and other restrictions placed on private foundations.
  
  
• Charitable Impact - GCF understands the needs and roles of nonprofit organizations in the Galesburg and surrounding areas, so we can target grants where they do the most good. By pooling contributions for administration and investment purposes, we incur lower management costs than a separate private foundation. This means more money goes to the desired charities than in other arrangements where overhead costs are higher.
  
  
• Flexibility - Each donor can name a fund or remain anonymous, choose general charitable purposes or very specific ones, make modest gifts or large ones, and donate assets ranging from cash to real estate to artwork.
  
  
• Convenience - Most funds can be created in one brief meeting. Afterward, the donor retains the satisfaction of giving while we take care of the management and paperwork.

Advantages