What are your charitable and financial objectives? What issues or causes mean the most to you? How much involvement would you like? Remember, not all of your grants need to be “locally” directed. We’ll work with you to include all of your charitable giving as you prefer.
What asset you will use to create your fund? Gifts of cash, securities (publicly traded or closely held) or real estate can be accepted by the Community Foundation to set up a fund.
What would you like to name your fund? Many donors choose a family name, but you can use any name that is meaningful to you.
What type of fund that matches your charitable interests? Our staff will help you identify what type of fund fits your vision! But, it helps to understand how broad and flexible we can be as a giving vehicle with our array of donor crafted funds. Visit our Library for sample agreements.
We consider a fund fully “endowed” once it reaches $10,000 ($25,000 for a scholarship fund). However, many of our philanthropists start a new fund by creating an Acorn Fund, building to the endowed level over a five-year period. An initial gift of $2,000 or more is necessary to “seed” any of our funds. And, grantmaking can begin immediately once your Acorn fund is seeded with our “pass through” grants system. Visit our Library and Documents page for sample fund agreements.
A donor advised fund allows you to enjoy ongoing involvement in grant distributions from your fund. You bring specific grant recommendations to the Community Foundation for consideration. Donor advised funds closely mirror private family foundations, with significant tax and administrative advantages. Visit our Library and Documents page for Sample Fund Agreements.
Name a specific charity, or charities, to benefit from your grantmaking. Should a designated organization cease to exist, the Community Foundation has the responsibility and authority to reallocate grants to another agency that most closely reflects your original vision. Visit our Library and Documents page for Sample Fund Agreements.
Dedicate a fund’s purpose entirely to helping students study and advance their education. The Community Foundation works with community volunteers to interview students and make award recommendations, or, can work with you to form your own selection committee. Visit our Library and Documents page for Sample Fund Agreements.
A shell agreement is easy, simple, and non-binding paperwork that ties a future planned gift from your estate or other testamentary gifts with your personal philanthropic vision. The agreement makes it clear to the Community Foundation how you want a future gift to be used, and can be easily revised at any time until the gift is realized. While not in any way required, the Community Foundation staff frequently works with your professional advisors to complete a shell agreement. Visit our Library and Documents page for Sample Fund Agreements.
Ready to get started? Use the form below, call (703) 779-3505 or email us