There are many ways to invest in your future and in your community;

Choose the one that's right for you.

Donor Advised

A Donor-Advised Fund (DAF) allows you to make tax-deductible, charitable contributions without selecting a nonprofit right away. Gifts to your Donor-Advised Fund can be held for the future and invested, based on your preferences; in turn, allowing your original contribution to not only grow in value but make a greater impact. In general, this specific fund is an easy and smart way to give to multiple charities you care about. 

Designated Funds

Establishing a Designated Fund allows you to give back to one or more specific organizations that have made an impact on your life. This specific fund not only provides funding but benefits from The Prosperity Foundation’s investment stewardship and the ability to manage endowment funds. Because The Prosperity Foundation handles the details, recipients of the Designated Fund cancan focus on its mission. The type of gift is up to the donor, as the Prosperity Foundation can facilitate even the most complex forms of giving, such as planned gifts or gifts of appreciated stock or real estate. You can add to the fund at any time. If the organization you select shuts down or changes in mission, if you choose to, the fund can be redirected, so you continue to address your charitable intent.

How it Works:

You identify an organization that you wish to support and fund.

  1. You make a gift to The Prosperity Foundation - you can give cash, appreciated stocks, real estate, or other assets.

  2. We set up a special fund in your name or in the name of the nonprofit organization you choose.

  3. You receive tax benefits in the year your gift is made.

  4. Our board issues grants to the designated nonprofit organization.

  5. We handle all the details, such as managing specific qualifications that you may establish for your donations.

  6. Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift - and all future earnings from your gift - is a permanent source of community capital, helping to do good work forever.

 

Most charitable gifts qualify for maximum tax advantage under federal law. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact The Prosperity Foundation at 203-745-3684.

Organization Fund

The Prosperity Foundation uses Organization Funds as a vehicle to establish endowments for long term support from a portion of our charitable assets. This is one of the examples of The Prosperity Foundation’s on-going effort to strengthen the nonprofit sector of the Black community. Donors to The Prosperity Foundation have the comfort of knowing that our endowment-like assets are managed according to the industry standards and best practices. As a registered investment adviser, The Prosperity Foundation is regulated by The State of Connecticut’s Department of Banking and adheres to its compliance program.

How It Works:

  1. You make a revocable transfer of endowment-like assets to The Prosperity Foundation for investment management purposes

  2. You will have access to a world-class, commingled investment fund;

  3. You obtain distributions that coincide with your needs and in the amount determined by you.

  4. You will have access to your fund information via our Donor Central, including reports of all transactions, fund market valuation, and monthly independently-derived investment performance results.

  5. You will receive annual audited financial statements and monthly financial reports electronically

  6. You can participate in semi-annual investment performance meetings                                                                                               

To find out more about starting an Organization Fund, please contact The Prosperity Foundation at 203-745-3684.

Permanent Organization Endowment Fund:

Permanent Organization Endowment Funds are established from a gift by a donor(s) or by an irreversible transfer of assets from an organization to establish a permanent component fund of The Prosperity Foundation for the benefit of an organization. Grants are, then, made to the named organization. If established by an irreversible transfer from an organization, the transfer must be accompanied by a resolution of the organization’s Board of Directors approving the establishment of the fund. The fund’s minimum is $10,000 USD. 

 

Any organization supported by a Permanent Organization Endowment Fund will benefit from The Prosperity Foundation's investment stewardship and endowment management experience. Because The Prosperity Foundation handles the details, the nonprofit organization's staff is able to focus on its mission. The type of gift is up to the donor, as the Prosperity Foundation can facilitate even the most complex forms of giving, such as planned gifts or gifts of appreciated stock or real estate.

How it Works:

  1. An organization or an individual donor identifies an organization to benefit from an endowed fund.

  2. A gift of cash appreciated stocks, real estate, or other assets is made to establish the Fund.

  3. Donors receive tax benefits in the year your gift is made.

  4. Grants are made annually to the designated nonprofit organization.                  

To find out more about starting a Permanent Organization Endowment Fund, please contact The Prosperity Foundation at 203-745-3684.

Preference Fund

By establishing a Preference Fund, your gift addresses a broad range of local needs - including future needs that often cannot be anticipated at the time your gift is made. While you direct the Preference Fund through the language you use to establish it, the maintenance is left up to The Prosperity Foundation. Our professional staff consistently monitors changing community needs, to ensure that grants made in the name of your fund will make the most impact in your preferred area, in turn, creating your personal legacy of giving. You, along with others who share your interests in the community, can add any amount to the Preference Fund you establish at any time. In the long run, your endowed gift will serve as a permanent community funding resource.

How it Works:

  1. You identify an area of personal interest, as broad or narrow as you wish.

  2. You make a gift of cash, appreciated stocks, real estate, or other assets, to The Prosperity Foundation during your lifetime or through a bequest in your will. 

  3. We set up a special fund in your name, the name of your family or business, or in honor of any person or organization you choose.

  4. You receive tax benefits in the year your gift is made.

  5. Our professional staff evaluates needs in your area of interest that would be most impacted by grants from your gift.

  6. Our board issues grants in the name of your fund you establish. If you prefer, said grants can be made anonymously.

  7. The Prosperity Foundation handles all the administrative details.

  8. Your gift can be placed into an endowment that is invested over time. Earnings from your fund are, then, used to make grants addressing your community’s current and future needs, creating a permanent source of community capital.

  9. You receive updates on the impact your gift is making in your community.

 

Most charitable gifts qualify for maximum tax advantage under federal law. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact The Prosperity Foundation at 203-745-3684.

Scholarship

By creating a Scholarship Fund, you are investing in your community's future and helping students, from preschool to postgraduate, achieve their lifetime dreams. Scholarship Funds are typically created as a memorial for someone special, in order to exemplify said person's goals and values, or created as a way to express your personal, family, or business’s educational values. Depending on your preferences, the scholarship you establish can support any area of academic need, such as tuition, room and board, and books.

 

How it Works:

  1. You make a gift of cash, appreciated stocks, real estate, or other assets, to The Prosperity Foundation. 

  2. We set up a scholarship in your name, in the name of your family or business, or in honor of any person or organization you choose.

  3. You receive tax benefits in the year your gift is made.

  4. The Prosperity Foundation’s professional staff helps you to determine eligibility requirements for the scholarship you establish, such as a student's field of study, academic achievements, extracurricular activities, financial need, background, or geography.

  5. We, then, award said scholarships in the name of the fund you establish.

  6. You receive updates on the impact your gift is making in your community.

  7. Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make scholarship grants. Your gift, and all its future earnings, create a permanent source of community capital, helping to do good work forever.

Most charitable gifts qualify for maximum tax advantage under federal law. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact The Prosperity Foundation at  203-745-3684.

Unrestricted Fund

By establishing an Unrestricted Fund, your gift addresses the evolving needs of the community. Because there are no restrictions on the use of your gift, it enables The Prosperity Foundation to assess community needs and respond by awarding grants to the nonprofit organizations that expend financial resources to the community’s health, education, and economic development. The flexibility of your unrestricted gift enables The Prosperity Foundation to support long-term solutions; respond quickly to emergencies; and meet changing social, cultural, educational, or environmental needs in our local community.

 

Grants are made in the name of the fund you establish; therefore, create a personal legacy of giving. You can give your gift immediately, through your will or other estate planning strategy. Through endowing your gift, your grant becomes a permanent source of community funding. 

 

How it Works:

  1. You make an unrestricted gift to The Prosperity Foundation during your lifetime or through a bequest in your will. You can give cash, appreciated stocks, real estate, or other assets.

  2. The Prosperity Foundation will set up a special fund in your name, in the name of your family or business, or in honor of any person or organization you choose.

  3. You will receive tax benefits in the year your gift is made.

  4. Each year, The  Prosperity Foundation will determine the areas of the community that can be most benefited by grants from your gift.

  5. Our board issues grants in the name of the fund you establish (if you prefer, grants can be made anonymously).

  6. The  Prosperity Foundation will handle all the administrative details.

  7. Your gift can also be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift - and all future earnings from your gift - is a permanent source of community capital, helping to do good work forever.

 

Most charitable gifts qualify for maximum tax advantage under federal law. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact The Prosperity Foundation at 203-745-3684.