When Tom and Ceci Arthur first established the Thomas and Cecilia Arthur Family Fund in 1995, they knew that they wanted to give back but had no idea that giving would be so easy.
“We first leaned about the Foundation in 1994,” recalls Ceci. “Ironically, someone we knew had passed away and the family asked that gifts be made to the Foundation in lieu of flowers. We made a donation and received an annual report the following year.” Seeing the names of friends and colleagues who had established funds with the Foundation prompted them to open a donor advised fund.
As a successful small business owner, Tom has found the flexibility of a donor advised fund especially beneficial. “The Fund enables us to continue doing charitable giving despite the economy or business outlook for the year,” said Tom. “Additionally, as any small business owner understands, the timing of a deduction is very important.” The couple is able to contribute to the fund when they are able, take advantage of the tax deductions, and make impactful gifts.
While there are other options available, the Arthurs believe that giving through a community foundation is the right choice. “Sure, other companies allow you to set up similar types of funds, but they don’t have the local expertise regarding the needs in the community,” said Tom. “The Spartanburg County Foundation does a fabulous job of knowing where the needs are and working alongside donors to help them achieve maximum impact.”