Establishing a named charitable fund at the Community Foundation is easy, and can be done in less than a day! We encourage you to speak to your clients about the following steps:

Decide when to give. Your clients may create funds during their lifetime, by will or through a split-interest-arrangement such as a trust or annuity that benefits themselves, their families and their favorite charities.

Decide what to give. Your client can contribute almost any kind of asset to start a fund including: cash, publicly traded securities, closely held stock, interests in limited partnerships, real estate and tangible personal property. Gifts of long-term appreciated property earn a tax deduction for their full market value, while saving on capital gains taxes. Your client can also create a new fund or add to an existing one with a charitable remainder trust or a charitable gift annuity.

Choose a name for the fund. Your clients may choose to name their fund after their family or as a memorial to someone special. Every grant from the fund will carry this name. If your clients prefer to remain anonymous they can choose to name their fund in such a way that recipients will not know their original identity.

We are happy to assist you in this process so please contact us with any questions you may have. The Community Foundation is pleased to provide you and your client confidential and expert advice, free of charge.