How to Start a Fund

We invite you to learn more about The Community Foundation for Carver County.

For more information, please contact Mary Langworthy at (952) 250-5138, e-mail: info@carvercounty
foundation.org.

Turn your charitable dreams into reality by creating a charitable fund. This giving tool is designed for individuals, families, and businesses who want to enhance and support the communities in which they live, work, and conduct business. As a donor, you will gain access to many charitable giving resources and can look to the Foundation's knowledgeable staff for timely, personal advice and assistance on charitable giving.

Define your charitable and financial objectives

• What are your values? How can you support them?
  
  
• What level of tax benefit do you seek?
  
  
• Would you like to involve the next generation of your family?
  
  

Determine the fund's giving strategy

• Benefit one or more charitable organization(s).
  
  
• Target a special charitable interest such as after-school programming for young people or civic engagement opportunities.
  
  
• Your fund is as flexible as your changing interests.
  
  

Determine when and how much to give

• Create a fund during your life.
  
  
• Create a fund through your will or trust.
  
  
• Determine intervals you would like to contribute.
  
  

Determine what assets to contribute

• Cash
  
  
• Publicly-traded and privately-held securities
  
  
• Bequests
  
  
• Charitable leads and remainder trusts
  
  
• Gift annuities, IRAs
  
  
• Pension fund assets
  
  

Name the fund

• Funds can be named for you, the donor, or your family.
  
  
• Memorialize someone special. Every grant from the fund carries their name.
  
  
• Choose anonymity. Select a name reflecting your charitable purposes.
  
  

Sign the fund agreement

• Once you complete and sign your fund agreement, the Foundation will begin to help you meet your charitable objectives, assuring your philanthropic wishes are met in perpetuity.
  
  
• Quarterly advisor fund activity reports will be sent to you to assist in tracking your charitable fund and grants made from it.