Introducing
Charitable Checking Accounts
The Community Foundation of Herkimer & Oneida Counties can help you inspire change in the causes and nonprofit organizations that matter most to you. Through a Charitable Checking Account, you can maximize the impact of your giving and support all your favorite causes through one contribution.
What is a Charitable Checking Account?
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The Community Foundation of Herkimer & Oneida Counties offers a simple, flexible way to support the causes and nonprofits you care about most through a Charitable Checking Account.
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Best suited for individuals and families, these accounts are easy to open with no minimum balance required and no annual fees.
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They offer valuable tax advantages and can be managed effortlessly through an online portal that provides real-time access to fund data.
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With one convenient gift, you can maximize your charitable dollars and make a lasting impact.
Benefits
Simplicity
There is no minimum to establish a Charitable Checking Account, nor are there any annual fees. 5% of grants made from the fund will go towards the Community Foundation’s Community Fund, which supports areas of greatest need.
Flexibility
Charitable Checking Accounts can be established with gifts of cash, appreciated securities, or even through automatic withdrawals from an existing checking or savings account.
Accessibility
Accountholders will have access to the Community Foundation's online Fundholder Portal, which allows you to view your account history and statements, plus you can easily recommend grants anytime at the touch of a button.
Convenience
Keeping track of gift receipts for tax time is a breeze with all charitable giving activity maintained though one easy account.
FAQs
Individuals and families – the Community Foundation has other products better suited for businesses and organizations that you may explore at foundationhoc.org/fundtypes.
A benefit of a Charitable Checking Account is being able to streamline philanthropy (one receipt, one platform) and gain access to the Community Foundation’s team of experts to learn about new nonprofits and their needs through things like the Mohawk Valley Giving Guide. Charitable Checking also offers the ability for donors to remain anonymous when giving to the nonprofit(s) they support.
There is no minimum to establish a Charitable Checking Account, nor are there any annual fees. A 5% processing fee is applied to each grant made to a nonprofit to cover costs associated with the transaction and to support the overall work of the Community Foundation.
Charitable Checking accountholders will have access to our easy-to-use online portal, which allows you to view your account history and statements, plus you can easily recommend grants at any time.
There is no minimum contribution required to open an account or required account balance. Accounts with a $0 balance for more than 12 months may be closed due to inactivity.
Donors may give to any active, qualified charitable organization with a 501(c)(3) designation and classified by the IRS as a public charity.
Donors may not use a Charitable Checking Account for things like pledges, the purchase of tickets or sponsorships where the fundholder is receiving associated benefits, auction items, memberships where the fundholder has not waived all benefits, scholarships for which the fundholder has the majority or deciding vote on applicant(s) selected, grants to specific individuals, and lobbying or political contributions.
Through the Community Foundation’s Fundholder Portal or contact our team of experts if you require assistance.
$50 is the minimum. Lower amounts may be considered on a case-by-case basis.
Yes! If you wish, you can have a custom donation page on the Community Foundation’s website where you can direct friends and family to donate. Tip: opening an account is a great way to honor special occasions like birthdays, anniversaries or retirements!
