How It Works

A foundation within the Community Foundation Tampa Bay can look just like a private foundation. But there are fewer costs, time commitments and administrative hassles. Get started with $100,000. Then you, your family or your business can focus on the joys of giving while we take care of the behind-the-scenes details.

In many ways, it works just like a donor advised fund:


  • You can contribute a variety of gifts, including cash, stocks or other assets like real estate or land.
  • Gifts to your fund are tax deductible.
  • You may give to the fund at any time.


  • Invest your contribution in one of our professionally managed investment pools. Or, if you prefer, your financial advisor can continue to manage the assets.
  • Assets in your fund grow tax free.


  • Make distributions from your fund to any of your favorite charities, anywhere and at any time.
  • Grants can range from $100 to $1,000,000 or more.
  • Use our online fund management tool to recommend grants from your fund, make gifts to your fund or research giving opportunities.
  • The online management tool keeps your giving history organized in one place. No more storing multiple receipts!
  • There are no annual minimum grant distribution requirements.

For Our In-House Foundations

we offer additional services including:

  • Multigenerational planning.
  • Guided discussions around family philanthropy.
  • Facilitating annual meetings.
  • Opportunities to network with like-minded philanthropists who also have foundations within the Community Foundation Tampa Bay.
  • Grantmaking assistance.
  • The ability to brand and promote your foundation in the same way you might a private foundation.
Skip to content