Creating a fund in your Community Foundation is economical and easy. Donors receive prudent fund management, generous tax advantages, and access to a committed staff with knowledge of the community and the charities in our area. We handle administrative responsibilities, file necessary tax returns, evaluate charities, and monitor changes in the community to help you achieve your charitable vision. A wide variety of endowed funds can be created with a lump-sum gift of as little as $5,000. Here are the basic steps for creating a fund:
- Define
- Select type
- Determine how you will fund the fund
- Name the fund
- Make your gift
- Plan a gift in your will