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Many business owners small and large-are overwhelmed with requests for donations. Corporate mission statements often promote active support of the community. After all, cleaner, safer, and better-educated communities are good for business. From big to little, corporate leaders often ask, “But how do I manage it all?”
Mike Brennan, a founder of Lighthouse Place Outlet Mall, reflected on how the corporation decided to take advantage of Unity services. He said, “We knew when the business was being sold, the new owners would most likely not be as involved in the community as we had been. We felt it important that the pattern of giving we had established be maintained and yet our management and organization would be disbanded. Without the Unity Foundation to handle all aspects of our donor-advised fund, I don’t know that we could have continued with our same pattern of giving. In fact, what has happened is that not only do we continue to support various community- based non-profits, but the amounts that we donate today are at least double what we did in our last year of business.”
One of the most efficient and effective options for giving back to your community is to establish a corporate donor advised fund, advised by your company and administered by Unity. Your advantages are considerable.
• You make the recommendations on what grants to make.
• Unity does the work: handles the investments, paperwork, tax reporting, and grantee communications.
• It’s easier and less expensive to maintain than a private foundation.
• Unity can advise and is happy to share the knowledge we’ve learned during over a dozen years, assuring your giving is most effective.
• Your generosity can be communicated publicly or kept confidential, whatever your wish.
Bottom line
A corporate, donor-advised fund is business at its best.
Northwest Indiana community foundations, including Legacy Foundation, Unity Foundation of La Porte County, Crown Point Community Foundation, and Porter County Community Foundation, have received a grant of $20,000,000 from Lilly Endowment Inc. through the Community Leadership Implementation Grants component of the eighth phase of its Giving Indiana Funds for Tomorrow (GIFT VIII) initiative. This is
LA PORTE COUNTY, IN — The Unity Foundation of La Porte County has received a grant of $3.6 million from Lilly Endowment Inc. through the Community Leadership Implementation Grants component of the eighth phase of its Giving Indiana Funds for Tomorrow (GIFT VIII) initiative. This is one of 30 implementation grants being awarded through GIFT