What is the benefit to having a fund at the Community Foundation versus establishing my own private foundation?

Establishing a fund at the Community Foundation takes work off of your plate, and in most cases, is less expensive. Our team handles all administrative work required (tax receipts, acknowledgements, due diligence and check processing), the Community Foundation adheres to annual audits, and is accredited by the Community Foundations National Standards (CFNS).

Additionally, there is no mandatory payout requirement and donors receive a higher tax deductions when giving charitably through a public foundation, such as the Wichita Falls Area Community Foundation.