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is easy to establish a named charitable fund and
it can be done in less than a day.
Working with a member of our staff, donors
take these simple steps:
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First, determine
the charitable purpose or intent.
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Select the type
of charitable fund that best supports the
chosen purpose. Our staff will outline
options and discuss advantages of each.
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Complete a
simple governing document. Our staff
will help the donor to complete a document
that makes their intentions clear.
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Select a name
for the fund. The donor can use his or her
name, that of a family member, the name of a favorite
cause, or choose a name that allows them
to remain anonymous.
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Depending on the
type of fund they establish, the donor may
designate current fund advisors such as the
donor and spouse, and successor advisors such
as their children. This information will be
included in the governing document.
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Make an
establishing gift. See What
to Give for the types of
contributions donors can make.
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Receive a tax
deduction at the time the fund is established
and when additional contributions are made to
the fund.
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| Enjoy
giving through the fund!
Once the fund is established donors can:
- Add to the fund at any time in any dollar
amount.
- Specify how grant disbursements are to be
acknowledged – whether in the name of the
fund or anonymously.
- If the donor has established a donor
advised fund they may recommend distributions
to charities, locally or throughout the
United States.
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If
you have questions about establishing a fund
that have not been answered in this section,
please click here to Contact
Us for more information.
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