Establish a Fund

Donor Advised Funds at the Community Foundation are easy to establish, cost-effective, and allow you and your designated advisors flexibility to name the fund, make grant recommendations, and leverage the expertise of the professional staff of the Foundation.

Donor Advised Fund Agreement

Here are a couple additional notes about establishing a donor-advised fund:

  • Select a name for the fund (see page 1).  The fund may have your family name (“Smith Family Fund”) or any other fund name you choose.
  • Select if fund should be invested in a money market account or invested in a diversified portfolio (see page 9).
  • Designate current fund advisors (see page 10).
  • Designate successor advisors (see page 10).
  • Make a gift (cash or stock) to establish the fund.
  • Receive a tax-deduction at the time the fund is established and when additional contributions are made to the fund.

Here are a couple of notes about using your Fund, once it’s established:

  • Add to the fund at any time in any dollar amount.
  • Make recommendations in the name of the fund or anonymously.
  • Distribution minimum is $100.
  • A personalized form will be provided for your Fund to be used for recommendations.
  • You may recommend distributions to any 501(c)3 charity locally or throughout the United States.

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