Setting Up a Fund
We'll help you create a fund to achieve your charitable goals — now, or with a gift through your will or trust. When you give through the Community Foundation, we offer resources to support your giving. Meet with a staff person today to learn the most effective ways to give and to create a fund that reflects your charitable goals.
Decide When to Give
You can create your fund now, establish it in your will, or create it through a trust arrangement that benefits your family as well as charity. You may give in honor of an anniversary, to celebrate a special event, or to support a cause. Tax deductions are earned at the time of your gift, while grants awarded from your fund will continue into the future.
Decide What to Give
Almost any kind of asset can be used to start your funds, such as cash, publicly traded securities, closely held stock, interests in limited partnerships, real estate, life insurance, and private foundation assets. We can also discuss other options with you, such as bequests, gift annuities, charitable remainder unitrusts, charitable remainder annuity trusts, and charitable lead trusts.
Choose a Type of Fund
We offer a variety of funds that are flexible to meet our donors’ different charitable interests. Learn more about the different types of funds here.
- Community Funds
- Field of Interest Funds
- Donor Advised Funds
- Scholarship Funds
- Agency Funds
- Designated Funds
Choose the Name for Your Fund
Most of our funds are named for the donor (individual, family, business, association or organization) or as a memorial to someone special. Every grant from the fund will carry this name. If you prefer anonymity, you may choose a name that reflects your fund’s charitable purposes.
Choose How Your Gift is Invested
The Community Foundation can has investment options that are designed to help you meet your philanthropic goals. We can help you give perpetuity or retain liquidity for immediate giving, invest your gift in a socially responsible investment fund, or event have your current advisor continue to manage the funds.
Start a Fund
Contact our knowledgable staff if you are interested in starting a charitable fund or have questions about donor services.