Frequently Asked Questions

What is The Community Foundation?

The Community Foundation of West Chester/Liberty is a “vehicle” in which donors may achieve their charitable goals. The Foundation serves the West Chester and Liberty Township areas to improve the quality of life for its residents. The vision of the Foundation is to serve as a leader and resource for philanthropy; build and permanently hold a growing endowment for the community’s changing needs; provide flexible and cost-effective ways for donors to improve their community now and into the future; promote collaboration among local funding organizations and service providers to address community needs; and, make grants and provide counsel and assistance that will have significant impact upon the residents of  West Chester and Liberty Townships.

Is The Community Foundation a "charity" itself?

The Foundation is a tax-exempt 501(c)3 charitable organization. Our primary role is to serve as a vehicle in which our donors can achieve their charitable giving desires.

Are my gifts tax deductible?

The Community Foundation qualifies for the maximum tax deductions provided by the Internal Revenue Service. It is classified as "tax exempt" under Section 501(c)(3) of the Internal Revenue Code; as a "publicly-supported organization" under Section 170(b)(I)(A)(vi); and as "not a private foundation" under Section 509(A).

What assets can be contributed to a fund?

    • Outright gifts of cash, real estate, securities and/or personal property. 
    • Bequests by will of cash or property.
    • Memorial or honorarium assets in tribute to a friend or loved one. 
    • Life insurance or retirement plan assets naming The Community Foundation as beneficiary.
    • Private foundation transfers in which the private foundation transfers its assets to The Foundation while retaining its name and purpose.