Our Funds
When establishing a fund at BCF, the first decision is whether the fund is to be permanent or non-permanent. A permanent fund is one where the principal donation remains invested long-term and a portion of the earnings is made available to be used by the donor for philanthropic causes. A non-permanent fund allows you to use both the principal and earnings toward philanthropic causes and is often established for short-term programs or special projects.
A designated fund is a popular option for people who want to forever support a cause they care about in their name or on behalf of others. Establishing a designated fund creates an annual, sustainable stream of funding for a charity you care about.
This support can continue in perpetuity after someone dies so the supported organization can grow and sustain itself according to its mission. The donor may also choose to set an expiration date on the use restriction or it may expire when the designated purpose is completed.
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Minimum Endowment is $50,000
A donor-advised fund is like a charitable investment account for the sole purpose of supporting charitable organizations you care about.
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When you contribute to a donor-advised fund, you are generally eligible to take an immediate tax deduction. Those funds can then be invested for tax-free growth, and you can recommend grants to virtually any IRS-qualified public charity - from your local homeless shelter to your alma mater or religious institution.
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Cash donations are generally eligible for an income tax deduction of up to 60 percent of your adjusted gross income.
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Minimum Balance for a Non-Endowed (Non-Permanent) fund is $10,000
Minimum Balance for an Endowed (Permanent) fund is $50,000
Instead of starting your own nonprofit, you can work with our existing 501(c)(3) under a formal agreement known as a fiscal sponsorship. You can seek grants and tax-deductible donations, which can then be used for your charitable project. BCF, as your sponsor, passes the money to you, keeping a fixed amount for administrative services.
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When applying, be prepared to discuss your project: Why it's needed, its goals, objectives, staffing, and budget. Generally, fiscal sponsorships are used for short-term, charitable projects.
When you establish an Unrestricted Discretionary Fund with BCF, you demonstrate an unparalleled commitment to the community's future, and you entrust the Broussard Chamber Foundation's leadership as your agent in moving our community forward in perpetuity. This is an endowed fund in which you are creating a permanent, named charitable legacy.
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You receive an immediate tax deduction on all your contributions and you may contribute at any time. All necessary administrative and record-keeping services are handled by BCF.
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Minimum Endowment is $50,000
Establish Your Named Fund
Contact us: Complete and submit the form below to have a Foundation representative contact you.
Or, call our Development Director, Jody Soileau, at 337-837-6001.
