- Meet the President
- Governing Board
- Who Here Can Help You
- Mission & Values
- Our History
- Celebrating 100 Years
- Facts and Recent Accomplishments
- Partner Organizations
- Community vs. Private Foundation
- Frequently Asked Questions
- Diversity, Equity & Inclusion
Frequently Asked Questions
Do you have a specific question that is not addressed on this page? Contact us directly at (937) 222-0410 or e-mail us at email@example.com.
A community foundation is a tax-exempt public charity built on the concept of people helping people to improve the quality of life in a particular geographic area. Individuals establish permanent endowment funds and other types of funds with their community foundation to help respond to emerging community issues and opportunities.
The Foundation’s Governing Board, chaired by Marva Cosby (right), is comprised of up to 15 knowledgeable, concerned community citizens and volunteers who live in the Greater Dayton Region. They represent a diverse group of people, who have different areas of expertise and community knowledge. They oversee the management and policies of the Foundation, as well as serve as the Board of Trustees for several subsidiary organizations of The Dayton Foundation.
How can I get a copy of The Dayton Foundation’s IRS Form 990 or Form 990-T or audited financial statement?
The Dayton Foundation’s federal tax returns (IRS Form 990 for each entity of the Foundation or Form 990-T) and audited financial statements are available upon request. For more information, contact Steve Darnell, vice president, Finance, at (937) 225-9969.
In addition to being knowledgeable about local needs, community foundations assist donors who wish to establish an endowed giving plan without incurring the administrative and legal costs of a private foundation.
Private foundations are highly regulated by the Internal Revenue Service. Plus, they are subject to numerous special restrictions, including administrative and reporting burdens, excise taxes and a required minimum payout every year. By affiliating with The Dayton Foundation, a family foundation may avoid being subjected to these rules and compliance requirements and better utilize the family foundation’s resources for greater charitable purposes.
Learn more about the Foundation’s private foundation alternatives.
The Dayton Foundation utilizes more than 50 foundation-approved investment managers in which to invest donors' funds, pending donation to charity.
Our volunteer Finance Committee, comprised of members of leading financial and investment institutions and businesses, works with our professional staff to regularly evaluate investment performance to assure successful achievement of stated benchmarks. The Dayton Foundation Governing Board has final oversight of investment policies and performance. The Foundation also employs the Fund Evaluation Group to provide third-party evaluation of investment performance on a quarterly basis.^ top of page
Our services are funded in three ways:
- from gifts to the Foundations operating fund,
- from income earned from short-term accounts, including the Charitable Checking Account℠ Service (Dayton Foundation Depository, Inc.), and
- from administrative assessments to permanent funds.
The Dayton Foundation is a public charity. Donations qualify for the maximum available deduction for charitable contributions in the year when the gift is made. We also can offer solutions to help reduce your estate tax liability.
When donating appreciated stock or other assets, you can receive a tax deduction for the full fair-market value of the stock on the date of the gift and avoid paying long-term capital gains tax on the increased value.
Our low annual administrative fees on endowed funds can enhance the tax-free growth of donated assets to endowment funds. This allows for more generous distributions to your favorite charities over time.^ top of page
I would like to give something to my favorite charity, but I'm not rich. Don't I have to be wealthy to establish a fund through the Foundation?
No. Anyone can be a philanthropist. It does not require great wealth, just a concern or willingness to help others or a particular cause. It also does not have to be complicated.
We offer a variety of flexible, tax-advantaged giving options to help you reach your charitable giving goals. Contact Michelle Lovely, vice president, Development and Donor Services, to find out how you can start fulfilling your charitable dreams.
Most donors who establish an endowment fund make a commitment to bring the fund to at least $25,000 in assets, which can be accomplished over time.^ top of page
Yes. You can decide whether you want to be recognized for your giving or to remain anonymous. You can feel secure in knowing that your personal information will never be disclosed.
May I use my Donor-Advised or Donor-Directed Fund to make grants to charities outside the United States?
Yes! While international grantmaking has become more complex and challenging due to new governmental regulations, The Dayton Foundation can help. We offer several options to facilitate charitable giving to foreign organizations and make sure that they are in compliance with U.S. tax laws and the Patriot Act’s anti-terrorism provisions. Click here for more information.
Yes. Some donors suggest to their friends and family that they give to their fund in honor of a special event, such as a birthday or anniversary, instead of purchasing a gift.
Donate online to any Dayton Foundation fund or Charitable Checking Account using your credit card.
No. There is no cost to establish a fund with The Dayton Foundation.^ top of page
Your personal fund statements are available on our web site through Donor Express. Click Access Your Fund or Account, enter your password and follow the simple instructions on this secure web site.
Grant application procedures are listed on the How to Apply for a Grant page of our web site. If you have any questions, please contact Tania Arseculeratne, community engagement officer, at (937) 225-9966.^ top of page
We welcome grant applications from local not-for-profit organizations that benefit citizens of the Greater Dayton Region. To be eligible for a grant, your organization must:
- be recognized as tax-exempt under Section 501(c)(3) of the Internal Revenue Code,
- benefit the citizens in the Greater Dayton Region,
- have a diversity/inclusion policy and
- address needs that are not met fully by existing organizational or community resources.
Only one request per grant cycle see grant application deadlines can be submitted for consideration so that we can help as many not-for-profit organizations as possible. If your organization has received a discretionary grant from The Dayton Foundation, you must submit a final report on how the grant was used and have it approved by the Foundation’s Grants Department before you are eligible to apply for a new grant.^ top of page
A volunteer Grants Committee, which includes a diverse group of community leaders and members of the Foundation’s Governing Board, reviews grant applications twice a year. The Grants Committee makes grant recommendations to the Governing Board, which makes the final grants decision.
Individuals who place no restrictions on the use of their funds (unrestricted funds) provide the Foundation with vital funding for discretionary grants. These funds enable the Foundation to address the greatest community needs and take advantage of emerging opportunities. They are important for the support of many local not-for-profit organizations.
I’m not a nonprofit organization; I’m just a person who needs some extra help. Can I apply for a grant?
The Foundation makes discretionary grants to qualified 501(c)(3) nonprofit organizations located primarily in Montgomery, Miami, Greene, Darke, Preble and Warren (north) counties of Ohio. We are unable to award grants to individuals, except in the case of scholarships, which are awarded directly to the educational institution on behalf of the student.
501(c)(3) refers to the specific section of the Internal Revenue Code that defines a not-for-profit organization. For more information on the Code and how to obtain a 501(c)(3) designation, contact the Internal Revenue Service.^ top of page
IN HIS WORDS
“It’s an incredible feeling to carry on my mother’s life through this fund and to know how proud Mom would be.” – Joe Schneider, donor, on the Carol Ann Schneider Memorial Fund