How to Start a Fund

For more information, please contact our Planned Giving Specialist, Bob Golberg at (952) 486-1127 (cell) or by email at bobgolberg@embarqmail.com

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 legacy do you wish to leave?
  
  
• Would you like to involve the next generation of your family?
  

• What level of tax benefit do you seek?

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 contribute

• Now - Outright Gifts

Create a fund during your lifetime.

• Now - Charitable Lead Trust

• Now - Bargain Sale

• Deferred:
  • through Will
  • Charitable Gift Annuity
  • Charitable Reminder Trust
  • Revocable Living Trust
  • Retained Life Estate
    

Determine what assets to contribute

• Cash
  
  
• Life Insurance
  
  
• Publicly-traded and privately-held securities
  
  
• Real Estate
  
  
• Pension Fund Assets
  
  
• Personal Property

Name the fund

• Most 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.
  
  
• 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.

Legacy Society

A gift club has been established by the Foundation to honor and recognize persons who give an estate gift (either outright or deferred), to establish a permanent (endowment) fund.  Legacy Society members names will appear in the Foundation's Annual Report unless the donor requests anonymity.