How do I create a fund?
First, decide when to give. You can create your fund now, establish it in your will, or create it through a trust arrangement that benefits your family as well as charity. Next, decide what to give. Almost any kind of asset can be used to start your fund, including but not limited to:
- publicly traded securities
- closely-held stock
- interests in limited partnerships
- real estate
- life insurance
- tangible personal property
- private foundation assets
Finally, name your fund. It can be in honor or in memory of the donor or their family, to commemorate a significant event or milestone, to reflect the fund’s charitable purpose or be anonymous. Every grant from the fund will carry the name you choose.
When you make a contribution to a charity you are eligible to take an immediate tax deduction for that gift and to make recommendations for distributing the funds to qualified nonprofit organizations. As required by federal law, a gift to the Greater Pike Community Foundation becomes the property of the Foundation, and its Board has the authority and responsibility to exercise oversight and discretion when approving grants. This ensures that grants from your fund will best fulfill their intended purpose and that your tax deduction will be protected.
Click below to learn more about how to Create a Fund.
Tell us how you prefer to be contacted – phone, e-mail or face-to-face – and we’ll respond promptly to work out the details with you.