Racine Community Foundation: Establishing a Fund

In just three simple steps, you can put a very powerful charitable giving tool to work for you. In order to set up a fund, we will work with you to:

Define charitable purpose. We’ll ask you what you would like your fund to support. You can choose to support a specific charity, charities within a field (e.g.: arts, education, etc.), a scholarship or other the community’s greatest needs.
Select fund type. After you help us understand what you’d like the fund to support, we’ll recommend a fund type that will best allow you to do that.
Create a fund agreement. Finally, we will work with you to establish a fund agreement, name the fund and outline its charitable purpose.

You can use a wide range of assets to establish your fund. From life insurance policies to cash, 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 take care of all 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.