With the Renton Regional Community Foundation, it’s fast and easy to establish your own charitable fund. Start with a minimum donation of $10,000 (or the equivalent) for any charitable cause(s) you wish to benefit — today or in the future — and let us do the rest.
The Community Foundation idea is simple. Anyone may use it to give something back to the community. Assets that you donate to RRCF can create one of several types of funds to support your charitable goals. We offer you many options to tailor your gift.
You can create a fund in honor of someone you love or to celebrate a special event. You can direct your gift broadly or narrowly to issues you care about or to wherever the needs are greatest. You can also give to many of our existing funds. However you give, your gift can change lives – today and in the future.
We offer you power and flexibility in charitable giving without all the legal paperwork, time and expenses associated with running your own private foundation. We can help you set up a fund that will maximize both your tax advantages and your impact in the community – now and forever.
Timely and confidential responses to individual donors’ needs or interests are just a phone call or an e-mail away. For more information, please contact us.
Here are the steps to consider:
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. You may give in honor of an anniversary, to celebrate a special event or to support a cause. Tax deductions are earned at the time of your gift, while grants awarded from your fund will continue into the future.
Almost any kind of asset can be used to start your funds, such as cash, publicly traded securities, closely held stock, interests in limited partnerships, real estate, life insurance and private foundation assets. As stated above, a minimum of $10,000 is required to open the fund. We can also discuss other options with you, such as bequests.
We offer a variety of funds that are flexible to meet our donors’ different charitable interests. Learn more about the different types of funds here.
In addition, funds can either be endowed, where you let the principal grow and distribute a percentage of the earnings each year, or it can be non-endowed, which allows you to distribute as much as you like and even spend down your fund.
Many of our funds are named for the donor (individual, family, business, association or organization) or as a memorial to someone special. Every grant from the fund will carry this name. If you prefer anonymity, you may choose a name that reflects your fund’s charitable purposes.
The Community Foundation can help you decide whether an agency fund is right for your organization. You can create an endowed agency fund, which lets donors know that the fund’s principal will not be spent and can grow over time, providing long-term income. Or you can choose for it to be a non-endowed reserve fund (or for another purpose), that is generating income through our pooled investments.
Other benefits from placing your fund with The Foundation include oversight from an investment committee comprised of local professionals and increased visibility among potential donors. By placing your agency fund with RRCF, you can focus on your agency’s mission, rather than investment management or fund administration.
Contact us to request a sample fund agreement. Then, simply schedule a meeting at our offices to discuss your wishes.
Key to Change, a local non-profit, has a fund with RRCF
