Creating a fund with The Community Foundation is very simple. We would be happy to help you and your clients with this process.
1. Determine the type of fund that would best fulfill your client’s wishes. We offer a variety of options for your client.
- Donor Designated Fund
- Donor-Advised Fund
- Field of Interest Fund
- Scholarship Fund
- Temporary Fund
- Unrestricted Fund
2. Determine the type of asset that will be used to establish the fund. Please contact The Community Foundation in advance if the asset is other than cash or stock.
- Current gifts
- Life insurance
- Bequests
- Charitable Gift Annuity
- Charitable Remainder Trust
- Charitable Lead Trust
3. Complete the respective fund agreement. We would be happy to assist you during this process.
4. Transfer the assets.
The following banks are approved trustee banks:
- Bank of America
- Truist
- Wells Fargo
The following investment managers and banks are also currently approved:
- CAPTRUST
- Flippin, Bruce & Porter
- Pettyjohn, Wood & White, Inc.
If an investment manager is chosen, a separate account form at the respective investment manager may be necessary to create the fund.