Starting a Fund
There are a host of options available to your clients
to help them fulfill their philanthropic goals -- and the future philanthropic
goals of their family. Funds can be general or specific, depending on your clients
interests. Whether clients want to focus contributions on a specific
charity or would rather help several different causes, The Community
Foundation has a fund to meet their needs. Funds can be named in
honor of your client, their spouse, a family member or company. It's
even possible to give anonymously -- the Foundation will simply act on
your client’s behalf.
Creating a fund is easy and our staff is available to guide you through
every step of the process. The size of your fund, whether large or
small, doesn't matter. Funds are combined and invested for the best
possible investment return. It is easy to create your own fund:
- First, decide how you would like to make the contribution to establish
the fund. You can contribute cash, securities, or other property. See Ways
- Select a name for your fund. You might want to
use your own name, the name of a family member or one you invent.
- Determine the type of fund you wish to establish (Click
here to see descriptions of each fund type):
- Donor Advised
- Field of Interest
- Memorials/In Honor of
- Receive a tax deduction at the time the fund
is established and when additional contributions are made to the fund.
Once your fund is established, you may:
- Add to the fund at any time in any dollar amount. See Ways
- Once your fund has been approved for distributions, funds can be awarded
to charities, locally or throughout the United States.
- Specify how grant disbursements are to be acknowledged – whether
in the name of the fund or anonymously.