Recent News

Bassett Furniture Industries Employees Disaster Relief Fund

The Bassett Furniture Industries Employees Disaster Relief Fund has been established at MACF to provide assistance to employees of Bassett Furniture Industries (BFI) who have been impacted by a "qualified disaster” (as designated by the Federal Government). Applications must be completed and submitted to the Foundation for consideration. Instructions to apply for assistance are included in the application below. 

BFI Employee Disaster Relief Fund Application

 

For Advisors

Community foundations are a resource for advisors. Attorneys, CPAs, financial planners, brokers, insurance agents, and other professional advisors are turning to community foundations to help enrich the charitable giving strategies of their clients. Here's why:

  • Community foundations are neutral experts with technical information on a range of planned giving options-from executing gifts of real estate, stock, or personal property to establishing Donor Advised Funds or income-producing charitable annuities. Community foundations help advisors provide their clients with the best charitable giving strategies based on each client's unique financial situation, tax status, and giving goals.
  • Community foundations have in-depth information on local needs and nonprofit organizations. When clients ask, "how can I make sure my charitable gifts will make a difference?" many advisors turn to community foundations for information on the programs and agencies that are working effectively in the specific arenas interesting each client. Community foundations are in touch with local organizations and activities addressing the broad spectrum of community needs-ranging from the environment, arts, education, and economic development to special programs for youth, family, and seniors.
  • Community foundations serve as the vehicle for giving many advisors seek for their clients. For example, community foundations can establish Donor Advised Funds-the very popular mechanism through which a client can make a charitable gift and stay personally involved in suggesting uses for that gift over time. Community foundations are frequently named in bequests as stewards for estate assets that a client wishes to direct to address specific areas of community need in perpetuity. Giving through a community foundation also provides a client time and resources for evaluating potential grant recipients, as well as the ability to give to multiple charities with a single gift.