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Establishing a Fund
When your client expresses interest in establishing a charitable fund, we can work with you and your client to efficiently and effectively establish and administer the fund. Whether your client seeks to make an immediate gift or a deferred gift, our experienced staff can work directly with you. If preferred, we are also available to meet with you and your client.
We establish a fund in three simple steps.
- Define charitable purpose. We will begin by helping you and your client define the key issues or organizations they want to help. Our extensive knowledge of community nonprofit and educational agencies provides donors with background information, helping simplify decision-making.
- Select fund type. Based on the purpose of the fund and the way your client seeks to distribute funds, we can recommend one of our nine fund types to meet your client’s needs. In selecting the type of fund best-suited to your clients’ needs, we will discuss their wishes regarding recognition and involvement with the fund.
- Create a fund agreement. Finally, we will work with you and your client to establish a fund agreement, name the fund and outline its charitable purpose.
As you work with your client to establish a charitable fund, we can also help you by administering a range of gifts to the fund. From life insurance policies to cash, securities, stocks, mutual funds, retirement plan assets, real estate, or other assets, the Racine Community Foundation has the capability to process complex gifts. Once your fund has been established, we will work closely with your attorney, accountant, and financial advisor (as appropriate) as they help you with the related tax, legal and administrative tasks.
Our investment experts then work to invest the fund for growth, ensuring it will impact the community as your client intended.
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Confirmed in Compliance with National Standards for U.S. Community Foundations.
