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> How to Create a Fund
> Types of Funds
> Sample Fund Agreement
> Grant
Advisory Form
1. 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.
2. 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 can
also discuss other options with you, such as
bequests, charitable remainder unitrusts, charitable
remainder annuity trusts, charitable lead trusts,
pooled income funds, charitable gift annuities,
life income and deferred charitable gift annuities.
3. Choose the Name for Your Fund
Most of our funds are 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. If you prefer anonymity, you may
choose a name that reflects your fund's charitable
purposes.
We
offer a variety of funds that are flexible to
meet our donors' different charitable interests:
- Unrestricted
Funds
offer the broadest giving option, allowing
grants to be made wherever our professional
staff determines our community's needs are
the greatest.
- Field-of-Interest Funds create
grants that meet needs in a particular field
or geographic area that is of interest to
you. The Foundation's identified fields of
interest include: Arts, Human Services, Environment,
Civic Projects and Issues, Emergency Human
Needs, and Education.
- Donor-Advised Funds enable you
to recommend specific organizations to receive
grants.
- Short-term Advised Funds are
similar to donor-advised funds, except the
entire principal is spent over a specified
period of time.
- Administrative Endowment Funds provide
money for the operation of the Foundation.
- Acorn Funds are designed for
donors who wish to establish an endowment
fund over time by making regular contributions
until a target dollar amount or date is reached.
- Agency Funds enable an agency
to establish its own fund at the Foundation.
The foundation handles the investment and
management of the assets, distributing the
earnings to the agency.
- Scholarship Funds help students
pursue academic goals. You may define guidelines
for candidacy, the advisory committee, the
school and the award itself.
- Designated Funds let you support
specific organizations while we make sure
that grants to these groups remain relevant
over time and responsive to changing circumstances.
- Organizational Endowment Funds are established by nonprofit organizations
to provide income to them. We handle all administrative
and investment responsibilities, freeing the
organization to pursue its charitable mission.
Sample Fund Agreements
are available on-line in Adobe Acrobat (.pdf)
format. To view/download the application, click
on the links below. If you need the Acrobat viewer,
it is available as a free download from Adobe.
Click on the icon to visit the Acrobat download
page.
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