What is a community foundation?
Community foundations are tax-exempt public charities serving thousands of people who share a common goal of improving the quality of life in their area.

Individuals, families, businesses and organizations create permanent charitable funds that help their region meet the challenges of changing times. The foundation invests and administers these funds.

All community foundations are overseen by a volunteer board of leading citizens and run by professionals with expertise in knowing the needs of the community.

How are your assets invested?
Schuylkill Area Community Foundation utilizes the brokerage services of Oppenheimer & Company Inc. for investment purposes. A Committee of our board established the investment philosophy and the assets are invested in a balanced manner for income and long-term capital appreciation through the guidance of an Investment Counselor at Schuylkill Capital Management. In addition, M & T Investment Group manages a portion of our endowments.

What is Philanthropy?
Philanthropy, by definition, means to be charitable for the betterment of mankind. We view philanthropists as ensuring a lasting and stable resource for the support and development of our communities. The Community Foundation provides services for everyone to invest through gifts of any amount.

What are the tax benefits?
Both outright and planned gifts have attractive tax advantages for the donor. Donors are encouraged to consult with their tax advisor before making a charitable gift.

What is endowment?
When you create a charitable fund through your community foundation, you have the opportunity to benefit the community in perpetuity with a permanent endowment. Your gift is invested and the earnings from your fund are used annually to address community needs based upon your wishes.