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.
Ways the Boston Foundation Can Help
- We can consult with you and your leadership team around strategy, timing and structure of a corporate giving program.
- We can fully administer your corporate philanthropy program in partnership with The Philanthropic Initiative, our consulting arm.
- We can serve as a pass-through mechanism for your grant making.
- We can help you embed giving into the DNA of your company via Pledge 1% Boston, an early-stage philanthropy program of the Boston Foundation.
Some of the Ways We Partner with Companies
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