Why A Community Foundation

Geneseo is for Tomorrow (GIFT)
 is a component fund of the Community Foundation of Great River Bend. As a component fund we are the only group in Geneseo that can legally offer the benefits of a Community Foundation. All other foundations in Geneseo are legally classified as private foundations. There are several distinct advantages.

Community Foundation

A Community Foundation is created by the citizens of a local area and is a tax-exempt public charity that helps people accomplish their philanthropic goals. Community Foundations work in partnership with concerned citizens, nonprofits and governments to achieve community goals and maximize grant making effectiveness. They offer a variety of charitable funds to easily and effectively support the issues donors care about. Each fund is professionally managed, and endowed assets continue to grow over time. A Community Foundation supports community causes that matter to the donor and to the community. Community Foundations are overseen by a volunteer board of leading citizens and often facilitate community-wide conversations about important community topics.

Private Foundation

Private foundations are subject to numerous technical rules and requirements of the IRS.

Foundation Comparison - Community (GIFT) vs. Private

"An acorn fund allows us the flexibility to grow our endowment over time, receive tax advantages, and also support our children's college education."

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Know someone who would benefit from the expertise of our financial professionals at the Community Foundation? Refer them to us now!

Did You Know?

By 2020, the country will need 1.2 million more nurses to accommodate the aging population. The Quad Cities will need 50 new instructors to meet the needs of the local nursing students entering this field work. We are working together to fill these gaps.
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