© 2022 CFSLC | All rights reserved | Website by GeekITDown
Community Foundation Of South Lake Community Foundation Of South Lake

Phone Number

(352) 394-3818

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Kathy@cfslc.org

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Community Foundation Of South Lake
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Benefits & Fees

Value of placing funds at Community Foundation of South Lake:

  • Flexibility: Donors may create funds in any name & for any charitable purpose.
  • Immediate Tax Deductions: As a 501(c) (3), the Foundation helps save on income and estate taxes and helps reduce/eliminate capital gains tax.
  • Connectivity: Donors stay connected to their gift, their family and their favorite charities.
  • Personalized Service: Knowledgeable, professional staff provide prompt attention to donor needs.
  • Community Information: The Foundation is a resource for donors about local nonprofit organizations and community needs.
  • Investment Expertise: Experienced board and committee members, and financial advisors oversee investments and relieve donors of that burden.
  • Low Cost: Combining individual funds, keeps administrative and investment costs low.
  • Reliability: The Foundation has a record of reliability and dependability.
  • Simplicity: A fund is established with one governing document that takes less than one hour to prepare.
  • Recognition: Donors can honor or memorialize a loved one in perpetuity.
  • Privacy: Donors can give anonymously through the Foundation.
  • Legacy: Donors can build lasting testaments to their names, their families and causes they care about.
  • Impact Assessment:  combined donor grant-making with CFSLC community investment
Fees and Minimums

Fee Structure for all funds

  1. $350 fee for $10,000 – $20,000
  2. 1.75% fee for $20,001 – $50,000
  3. 1.50% fee for $50,001- $1 million
  4. 1.0% fee for $1 million +
  5. The annual fees are charged monthly (One-twelfth of total fee, per month)
  6. All fund-holders must maintain a minimum balance of $10,000
  7. Fund-holders below $20,000 will be limited to 4 disbursements per year.

Scholarship Fee Structure

  1. Annual support fees are in tiers:
    • $0 additional fees for basic support benefits
    • $250 to include basic support benefits as well as collecting, categorizing and providing of student applications.
    • $500 to include the above support benefits, utilization of software and additional support time.
  2. Administrative fee percentages (1.5%)
  3. Minimum $10,000 to establish new scholarship funds (must maintain $10,000 balance after disbursements)
Professional Advisors may retain investment control of gifts over $250,000 made to the Community Foundation by their clients provided that they agree to manage that gift according to the Foundation’s investment strategy.

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352-394-3818
foundationinfo@cfslc.org

Office Location

2150 Oakley Seaver Drive
Clermont, FL 34711

Office Hours

Mon- Fri 9:00-5:00pm

Site Map

  • Donors
    • Create Your Legacy
    • Give Now
    • Open A Fund
    • Donor Planned Giving
    • Existing Funds
    • Benefits & Fees
  • Community Partnerships
  • Advisors
    • CFSLC Legacy Society
    • Planned Giving
  • Impact
    • Apply for a Grant
    • Scholarships
    • The DREAM Initiative
    • Women’s Giving Alliance
    • Nonprofit Sustainability
    • COVID-19 Response
  • About Us
    • Mission
    • Board & Staff
    • News Events
    • Financial Stewardship
    • Foundation News
    • Careers
Fundholder Login
IPF_flyer2_Edit_10-24-16

Some photos appear courtesy of Credit City of Groveland.

© 2022 Community Foundation of South Lake County. All Rights Reserved. CFLSC is a 501(c)(3) EIN 59-3343026. Website by GeekITDown.