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You don’t have to be a millionaire to make a difference in our community.
An endowment fund in your name, family name or that of a loved one can be established with a minimum gift of $5,000. The more you give, the more impact you have on the community.
Check out our sample pay out chart that shows how various fund balances pay out according to our spending policy:
Average Fund Balance
Yearly Grant Amount
(based on 4% payout)
An endowment fund allows you to support your favorite charitable causes throughout your life and leave a legacy long after you are gone – a powerful way to pass on the lessons of philanthropy to your children . . . and theirs.
Why entrust your assets to us?
We work hard to make giving easy and meaningful for donors and the causes they care about by:
- Accepting a wide variety of gift types (cash, stocks, life insurance, property);
- Offering many fund types. You can name a fund, advise a fund, or designate an area of interest or specific charity to benefit;
- Handling fund administration. You get the joy of giving while we do the research, paperwork, grant follow-up and reporting;
- Sharing our community needs expertise; and
- Endowing funds so that your charitable wishes create a permanent legacy.
CFBC provides local expertise and personal service:
The Foundation has deep roots in the county, is governed by a strong board consisting of local leaders and employs quality staff people who provide a highly personalized service to ensure that your giving is meaningful, efficient and effective.
We make it convenient:
We make charitable giving easy. Once a fund is established, recommending a grant is as simple as sending a note or email. Local investment managers invest the funds. We do all of the paperwork and your IRS reporting will be significantly reduced or even eliminated.
We offer several options for your fund:
Named Unrestricted Funds allow your gift to address a broad range of local needs – including future needs that often cannot be anticipated at the time your gift is made. The flexibility of your unrestricted gift enables the Community Foundation’s program experts to respond to the community’s most pressing needs, now and in the future.
Field of Interest funds provide the advantage of choosing a field of charitable work that you care about, without determining a specific nonprofit to support. For instance, your field of interest may be to support literacy programs in your hometown or to support animal rescue groups. This option helps to focus the mission of your giving, without limiting the specific organizations you can support.
Designated funds allows for simplicity of choosing specific organizations that your fund will support. If you have defined giving goals, this option will help you achieve them by permanently supporting the nonprofits you determine when you establish your fund.
Donor Advised Funds offer you the most flexibility in the direction of each grant from your fund. You may decide to give to causes related to health and education today, and choose to support efforts for disaster recovery and social welfare tomorrow. No matter what causes ignite your passion, you can support them all from your donor advised fund.
Scholarship funds help deserving young people and adults reach their dreams of higher education and are one of the most common ways of honoring or memorializing an individual.
Contact Kristi Reynolds, President & CEO, to discuss your options for opening a fund!