Establishing a Fund

Here's how it works:

With an initial gift of $10,000 or more and a completed New Fund Form, a donor-advised fund is created. Name your fund the way you choose: after family, a business or another name of your choice. Donors may create an endowed or nonendowed donor-advised fund.

The main difference between endowed and non-endowed donor-advised funds:

  • Endowed donor-advised fund: A small portion, based on the Foundation's Spending Policy, is available each year to make grants.
  • Non-endowed donor-advised fund: The entire balance is available to make grants.

For both endowed and nonendowed donor-advised funds, you can choose an investment strategy that fits your grant-making plans by completing the Distribution Recommendation Form.

To get started, contact us for a New Fund Form.