Here’s how to establish a fund.
Decide When To Give. You can create your fund now, establish it in your will or create it through a trust arrangement to benefit your family as well as charity.
You may give to support a cause, in honor of an anniversary or to celebrate a special event.
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 fund, such as cash, publicly traded securities, closely held stock, interests in limited partnerships, real estate, life insurance, tangible personal property and private foundation assets. We will be happy to discuss other options with you.
Choose the Name for your Fund. Funds are often named for the donor or the donor’s family or as a memorial to someone special. Every grant from the fund will carry this name. You may also choose a name that reflects your fund’s charitable purposes.