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 The Coastal Bend Community Foundation is a philanthropic "pool." Donated funds are placed with others so that even modest charitable contributions enjoy the same professional administration given to larger funds while maintaining their individual identity.
A fund you establish with us becomes a component part of this organization and enjoys not only the most advantageous tax treatment, but also the greatest permanence of any we know. Your gift to the Coastal Bend Community Foundation has great flexibility as well. You may name your fund, make your gift unrestricted, or choose a field of interest. You may even select specific organizations to be recipients.
Bridging the generations through your charitable gifts is an important part of the Coastal Bend Community Foundation. Times change. A community foundation can change with them. You can be assured that, decades from now, the spirit and intent of your charitable wishes will be honored, regardless of the shifts and changes among charitable organizations.
Donors receive the maximum tax benefits allowed by law. The Foundation is incorporated under the laws of the State of Texas and is designated a 501(c)(3) organization by the Internal Revenue Service. The Foundation is not private and therefore is not subject to the excise tax levy and various restrictions placed on private foundations by federal statutes. Contributions to all types of Foundation funds qualify for maximum deductibility for income tax purposes.
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