Thanks for your interest in the Greater Saint Louis Community Foundation.
Questions? You may find the answer here. If not, contact us and we’ll be happy to help.
FAQs for Donors
- 1. What are the specific benefits of charitable giving through the Greater Saint Louis Community Foundation?
We are a respected resource providing St. Louisans the information they need to clarify the goals that guide their giving. We help donors assess the resources they have to give and connect them with charities doing effective work aligned with their goals.
We are an expert administrator of charitable funds providing customized giving tools that make giving easy, maximize tax benefits and give donors confidence that their dollars are making a real difference in the lives of others.
- 2. How can my family give through Greater Saint Louis Community Foundation? Can I involve my children in the grantmaking process?
There are a variety of fund opportunities at the Foundation that are adaptable to family giving. Contact us for information that is specific to your situation.
- 3. How quickly can a fund be set up?
A fund can be established quickly, depending on the parameters of your request.
- 4. What if I want to dissolve my fund?
Contact us to determine the best way to dissolve your fund.
- 5. What are the fees involved with setting up a fund through the Greater Saint Louis Community Foundation?
Fees vary according to the fund specifications that are developed with the donor. Contact Christine Burghoff for information about your particular giving needs.
- 6. Can charitable funds of the Greater Saint Louis Community Foundation benefit geographic areas outside of St. Louis?
Yes. Foundation donors support charities regionally, nationally and globally.
- 7. What kind of assets can I use to make a gift or start a fund?
To find out about the assets that can start a fund, visit our Glossary for the term “assets.”
- 8. Does the Greater Saint Louis Community Foundation work with legal counsel on complex gifts?
Yes. We often work with advisors to facilitate giving through unique gifts from its donors.
- 9. How can I find out more about establishing a fund at the Greater Saint Louis Community Foundation?
Contact Christine Burghoff.
FAQs for Wealth Advisors
- 1. What is a community foundation?
A community foundation is a collection of funds established by a wide range of donors, including individuals, families, businesses, and nonprofits. Each fund is a reflection of the charitable interests of the donor. Community foundations make grants to charitable organizations from these funds. There are more than 770 community foundations across the United States.
- 2. What is the advantage of a community foundation over a private foundation?
Working with The Greater Saint Louis Community Foundation makes your client’s philanthropic giving simple and effective. We handle all of the administration, recordkeeping, and issuance of financial statements. If your clients are uncertain about what charities or causes they wish to support, our knowledgeable staff can assist them in establishing their philanthropic goals and introduce them to charities that match their interests.
The foundation is equipped to handle a wide variety of gifts such as real estate, publicly traded and closely held stock, and life insurance.
- 3. What are the minimum amounts for setting up a fund at the Community Foundation?
The minimum amount to establish a donor-advised, field-of-interest, designated, or unrestricted fund can be as small as $10,000, but a typical range is $50,000-$100,000. The minimum investment to establish an endowed scholarship fund is $50,000. A non-endowed scholarship can be established with a minimum investment of $25,000.
- 4. How quickly can a fund be set up?
A fund can be set up in one or two days. The process is very simple, and we need only to have a signed fund agreement from your client to set up a new fund. The fund will be formally established and available for grantmaking after charitable gifts have been transferred to the Foundation.
- 5. What are the fees involved in setting up a fund?
The Greater St. Louis Community Foundation charges no setup fees. However, there are administrative fees that are tiered based on the type and size of the fund.
For Donor Advised Funds, administrative fees are quoted as a percentage of the fund’s average net asset value. These fees range between 1% for the first $500,000 to a flat rate of 0.25% for investments over $5 million. There are no transaction fees.
Administrative fees for Scholarship Funds are quoted as a percentage of the fund’s average net asset value. There is a minimum fee of $1,000 and a flat rate of 1%.
Investment management fees vary depending on the manager who handles the fund, the fund’s allocation, and its size. The Foundation recovers the investment management fees it pays out each quarter. There are no markups on these fees.
- 6. How will the Community Foundation invest the assets of a charitable fund?
Our donors’ grantmaking objectives are the primary factor in determining the appropriate investment strategy for a fund.
Each of our funds is typically pooled together with other funds, which allows the Foundation to offer economies of scale for both administrative cost and investment performance. The Foundation’s accounting system tracks each fund’s performance and provides detailed quarterly financial statements. We also offer custom investment pools for larger funds.
The Foundation’s four primary investment strategies are Money Market Pool (100% Cash Equivalents), Wealth Preservation Pool (25% Equity/75% Fixed Income), Balanced Pool (50% Equity/50% Fixed Income), and Growth Pool (75% Equity/25% Fixed Income).
These investment strategies are subject to the Foundation’s investment policy. To request a copy of this policy or receive additional information, please contact Christine Burghoff at 314-880-4967.
FAQs for Charities
- 1. How can the Community Foundation help my charity?
Please visit Your Giving Link under the Charities section of our website. We encourage you to enter information about your charity into this database of regional nonprofit organizations. It serves as a tool that our donors and wealth advisors use to acquaint themselves with the best opportunities for giving in St. Louis.
- 2. Is there a fee to participate in Your Giving Link?
There is no fee for your organization to participate in Your Giving Link.
- 3. How do I make changes to my charity's profile?
You will set your own administrative username and password when you create a profile for your charity. You may go back into the system and update the information at any time. If you need further help, please contact Jenny Praytor at 314-880-4966.
- 4. Is the information in each charity's profile verified?
All information in Your Giving Link is provided voluntarily by nonprofit organizations. There is a policy governing usage of the database that you will be asked to follow. Violating the terms of this policy can result in a charity being removed from the database.
- 5. Who can see my charity's information?
Once your charity profile is approved, anyone can view the information. It can only be updated by you.
- 6. Does the Foundation have a grants program?
The Greater Saint Louis Community Foundation distributed over $33 million in 2009 through nearly 1,800 grants from funds established by our donors. These grants, which connect our donors’ charitable intent to the communities they support, impact our region, the nation and the world.
Foundation grants from our donors reflect their interests in the arts, community development, education, the environment, health, human services, and religion. In addition, the Board of Directors has committed certain discretionary funds from the Foundation to support key initiatives that promote and advance charitable giving in the St. Louis region. Consequently, the Foundation does not accept unsolicited proposals.
St. Louis Community Foundation
#2 Oak Knoll Park, St. Louis, MO 63105
tel 314-588-8200, fax 314-588-8088