About Us

The Hudson Community Foundation

What is Hudson Community Foundation?

HCF is a registered non-profit 501 [c][3] founded in 2001, with a Board of Trustees made up of your friends and neighbors.

What is the purpose of HCF?

HCF is a vehicle for facilitating the philanthropy of Hudson citizens. It's long run objective is to direct charitable contributions to the benefit of this community.

How does HCF achieve this?

The primary means of philanthropy employed by HCF is the "donor advised" fund, which is managed by the Board according to the wishes of the donor.

What is a Donor Advised Fund and how does it Work?

You can establish your fund [with a minimum contribution $10 thousand] simply by completing a short form.
You recommend how the funds are to be invested and who will be involved in that process.
You recommend grants [$250 minimum] to your favorite public charities whenever you wish
You recommend who will succeed you as ‘successor advisor’
HCF collects a 1% fee [more than offset by tax benefits] and handles all fiduciary oversight, record keeping and tax reporting

What are the benefits?

Set up is simple
Immediate income tax deduction
Avoidance of capital gains on contributions of appreciated securities
Avoidance of estate taxes
Ability to contribute a wide range of assets
Ability to recommend grants anonymously
Simpler, more cost effective and less hassle than a private foundation
Ability to name a successor to continue your charitable interests over successive generations
Ability to recommend grants on a personal timetable – with time to change your mind
Fund assets grow tax free

Where can I get references?

Our agent for DAF administration is American Endowment Foundation [AEF] located right here in Hudson at www.aefonline.org
Ask your advisor(s) to check Charity Navigator where AEF is rated one of the top ten foundation managers in the country [see link on sidebar]