Philanthropy binds families together and challenges them to think bigger than themselves.
In 2018, Akron Community Foundation created The Center for Family Philanthropy to help families build a legacy of giving that can be passed to the next generation and beyond.
The Center for Family Philanthropy features state-of-the-art, multigenerational philanthropic services, including education, community needs assessments, and grantmaking expertise. Our professional staff works closely with families to learn their values and create a plan that will amplify their generosity and ensure their family’s legacy.
What We Offer
Wherever you are on your charitable journey, The Center for Family Philanthropy can be a valuable resource. The families we serve have access to:
Personalized grantmaking assistance, including lists of fully vetted nonprofit programs in your areas of interest.
Professionally facilitated family meetings to discuss your family's charitable giving plans and values.
Akron Community Foundation offers a variety of ways for donors to plan gifts to continue their legacy for years to come. Together, we can help you navigate your charitable giving options and determine which gifts work best for you.
A wide variety of other philanthropic services, with our staff being as involved or behind-the-scenes as you wish them to be. Choose only the services you need, and bring your legal or financial advisor if you’d like. There’s room around the table for everyone.
Institute for Emerging Philanthropists
Identifying and nurturing the community’s emerging philanthropic leaders is a key initiative of The Center for Family Philanthropy. To help the families we work with most effectively pass their charitable legacies on to future generations, we founded the Institute for Emerging Philanthropists, an exclusive biennial educational program designed to support, inspire and cultivate this developing group of donors.
Private Family Foundations
The Center for Family Philanthropy is uniquely positioned to partner with private family foundations in various ways to meet each donors’ philanthropic needs. Through connections in the community, co-investment, companion funds, continuation plans, and fund conversions, our staff is prepared to help private family fundholders achieve their charitable dreams.
Connection to the community
As experts on the local nonprofit community, we can work with your foundation to identify recipients that align with your family’s charitable vision and values. We can connect you to these organizations and facilitate site visits to further aid your grantmaking decisions.
At Akron Community Foundation, we have a dedicated team to recommend funding to our board of directors during our four quarterly grantmaking cycles. As much as we would love to fund every worthy grant request, there is always room for additional funding. We can partner with private family foundations by sharing our grantmaking requests and offering them the opportunity to co-invest.
Private foundations are required to payout 5% annually, but occasionally foundations may need more time to decide which nonprofits should benefit. You can create a donor-advised fund with some or all of the 5% payout which allows you to meet the federal requirement, while also giving you time to decide how you want to distribute the funding.
Our staff can work with your family to assist with succession and strategic planning, and help you identify the vision and values that align and streamline your collective approach to your philanthropy. We’ll work with you to identify how you want future generations to further your charitable legacy and who you want handling that important task. This service is free to all private family foundations with a companion donor advised fund.
By dissolving your foundation and transferring your assets to a donor-advised fund at Akron Community Foundation, you can continue to give back to the causes you love whilesimplifying the work it takes to do so. Subsequent gifts to donor-advised funds are tax-deductible to the full extent of the law and there are no annual payout requirements so you can give to the causes you care about on your family’s schedule. In some cases, you can even keep your trusted financial advisors managing the investments if you wish.