Opening a Company Advised Fund at the Boston Foundation is a great alternative to establishing a private foundation for your company’s philanthropy—with all of the tax benefits and none of the administrative, legal, tax or regulatory burdens.
Partnering with the Boston Foundation on your company’s giving is an easy and dynamic way to maximize your impact on the communities you serve. The Boston Foundation can customize a suite of services to assist with launching or growing your company’s giving program—in Greater Boston, nationally or internationally.
COMPANY ADVISED FUNDS: If you set up a Company Advised Fund at the Boston Foundation, we will serve as a liaison to the nonprofit community as we do with firms like Carbonite and Bain Capital on their giving locally, nationally and internationally.
PLEDGE 1% BOSTON: By joining Pledge 1% Boston, new companies can network with other entrepreneurs while weaving philanthropy into the fabric of their companies from the very beginning.
LEARN ABOUT THE ISSUES: When you join the Boston Foundation and support our Civic Leadership Fund, as General Electric and other companies do, you will be made aware of cutting edge research, attend forums about the pressing issues we face as a region and meet other business and civic leaders.
FUNDING PARTNERSHIPS: By partnering with you and learning along with you, the Boston Foundation can increase the impact of your giving as we are doing through our close partnership with Eastern Bank.
CONSULTING SERVICES TEAM: By taking advantage of the expert services of our consulting arm, The Philanthropic Initiative (TPI), you can outsource the management and evaluation of your giving, just as J.Jill and CVS Health have - or engage TPI to help you asses your philanthropy, develop a strategy or design and launch an initiative.
Read more about why Carbonite and other tech companies are choosing to partner with the Boston Foundation for their philanthropic programs, as written in the Boston Business Journal.
Brand aid: Why tech firms are turning to donor-advised funds
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To explore ways the Boston Foundation can help you with your company’s philanthropy, contact: Thomas Bentley at thomas.bentley@tbf.org or 617-338-1778.
The Boston Foundation partnered with Bain Capital to launch the Bain Capital Relief Fund, a corporate Donor Advised Fund (DAF). The Bain Capital Relief Fund serves as an ongoing vehicle through which the firm can quickly and effectively deploy philanthropic dollars to organizations delivering humanitarian relief and ongoing reconstruction assistance to those affected by disasters. The fund was seeded with contributions from Bain Capital managing directors and employees and will be deployed in response to major crises that occur around the world.
The Boston Foundation partnered with Carbonite in developing its corporate philanthropy program. Through a corporate Donor Advised Fund (DAF) at the Boston Foundation, employees recommend grants to close the skills gap, specifically in the tech sector. The Foundation has served as a key liaison to the nonprofit community, and advises Carbonite leadership in grant-making decisions both locally and in other markets.
The Boston Foundation is partnering with Pledge 1% Boston Member and Tech Leader Salsify to engage Boston Public Schools students in STEM (Science, Technology, Engineering, and Math). We have worked together to connect hundreds of BPS students with day-long learning and development programs at Salsify and other local technology companies. The model that Salsify pioneered has been adopted by dozens of other leading technology companies in Greater Boston.
