You can make a difference for good by establishing a fund with us.
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.
Here are some ways we can help you:
- Providing administrative and investment management of your fund
- Sharing information about various organizations that are addressing critical needs in the community.
- Connecting you with people and organizations that share your values and interests.
- Ensuring that grants are always awarded in the name of your fund
- Issuing regular financial reports detailing the status of the fund
- Discuss your overall philanthropic goals with your family members and legal or tax advisors.
- Determine the causes/organizations that you want to support.
- Meet with us to discuss how to implement your plan.
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:
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. 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.
Decide What to Give
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.
Choose a Type of Fund
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.
- Unrestricted Community Fund
- Field of Interest Fund
- Donor Advised Fund
- Scholarship Fund
- Agency Fund
- Designated Fund
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.
Choose the Name for 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.