Your donation goes to support PACF grant awards given to nonprofit agencies that serve the communities of Palo Alto, East Palo Alto, and Menlo Park in the focus areas of Arts & Culture, Community Development & Social Services, Education, Environment, Health & Mental Health & Disabilities, Housing Nutrition, Senior Services, and Youth & Families.
You have options and can designate your donation to:
1. Go into the Endowment Fund, which will provide for current and future growth
2. Go into the Annual Fund, where your gift will be applied to the next grantmaking cycle
3. Go into a combination of the Endowment Fund and Annual Fund
4. Go into the area that PACF deems has the greatest need.
Our Board of Directors and Advisory Board covers 100% of PACF’s administrative costs, so 100% of your donation is invested in our community.
There are many ways to remember the Palo Alto Community Fund in your estate plan.
- Leave a bequest in your will.
- Name the Fund as a beneficiary of assets remaining in your living trust.
- Make the Fund a beneficiary of an entire retirement plan or a percentage of assets in the plan.
- Designate the Fund as a beneficiary of any individual or group term life insurance policy.
By remembering the Palo Alto Community Fund in your estate plan, you are perpetuating our mission to improve the quality of life in our community by supporting the work of new and existing nonprofit organizations serving the Palo Alto area.
Your personal attorney or financial planner can assist you to ensure that all of the documentation is completed correctly and that your intentions are fulfilled. To learn about more ways to leave a legacy, contact our Executive Director at 650-690-0370.
YES! The transfer of securities can give you major tax advantages over a donation of cash. You receive a tax deduction for the full value of the stock at the time of donation (not just the amount you paid for the stock) if you held the stock for at least one year. In addition, you avoid paying capital gains tax, and you do not pay commissions for selling the stock. To find out more about making a stock donation, contact our Executive Director at 650-690-0370.
Grantees are selected by the PACF Grants Committee, which is composed of our Board of Directors, select Advisory Board members and PACF’s Executive Director. Members of the grants committee review each application received for community impact, financial soundness, and clarity of purpose. Group meetings are held to analyze and evaluate both the organization and the grant proposal. Sometimes site visits or meetings with applicants are held. In May, a slate of grantees is proposed to the Board of Directors and is discussed and voted on.
An endowment fund is a permanent, self-sustaining source of funding. Endowment assets are invested. Each year a percentage of the fund is paid out to support PACF’s annual grantmaking cycle, and any earnings in excess of this distribution are used to build the fund’s market value. In this way, an endowment fund can grow and provide support for its designated purpose in perpetuity.
PACF awards grants once a year. In early December, a grant application is posted on the PACF website (in the “Grantees” section) with the due dates for the upcoming grants cycle. A nonprofit organization seeking funds needs to complete the application and submit it by the due date according to the instructions on the grant application. Grant awards are given in amounts up to $10,000.
No. We are grateful for a donation at any level.
In 2020, PACF has invested over $1.7 mil in grant awards to nonprofit organizations serving Palo Alto, East Palo Alto, and Menlo Park.