The Foundation for the American West (FAW) is a 501(c)(3) tax-exempt public community foundation that offers you the opportunity to effectively build the quality of life in your community while receiving the most favorable tax treatment for charitable giving.
When you open a charitable giving account at FAW, you make an irrevocable contribution of cash, securities or other assets (appreciated
assets are an especially advantageous way to give because you avoid paying capital gains tax) and receive a tax deduction for the full market value.
The foundation holds your contribution in a fund that you name and invests your contribution in your choice of four investment pools
managed by Riggs Capital Management, LLC. Your contribution has the potential to grow tax-free, thereby increasing the amount available for future giving.
An account with FAW is much like having your own private foundation only you receive better tax treatment and you avoid the start-up
costs, tax returns and minimum gifting requirements. In addition, you have the option of choosing to make a grant from your account anonymously.
Contact us for a free personal evaluation
For more information regarding FAW please call 801-221-7943.