Designated Funds

 

A designated fund is an advised fund whose beneficiary organization(s) have been specified by the donor at the time of the gift.  Income from the fund, and in some cases principal, is distributed in accordance with the instructions provided at the time of the gift.  Designated Funds are a useful charitable tool to help specific nonprofits with programs or ongoing capital needs. Endowing a designated fund allows a long term funding source for an organization where gifts would be made annually from your named fund.

 

Establishing a Designated Fund is

  • Personal:  Establish a Designated Fund in honor or in memory of a loved one or name it to recognize your family.
  • Enduring: Make a continual impact on the charity of your choice, allowing it to continue its mission and contribute to the community.
  • Flexible:  Add to the fund at any time.  The Whitefish Community Foundation can accept donations of almost any asset including cash, stock and real estate.  Others can also donate to your fund.
  • Efficient:  You benefit from the most advantageous tax treatment for a charitable gift, and the Community Foundation handles the administrative details.

Who should establish a Designated Fund?

A Designated Fund is ideal for families, individuals, and groups who:

  • Are dedicated to supporting a specific charity.
  • Are confident they want to continue their support in perpetuity.
  • Want to make a long-term impact on the charities that are most important to them.

Financial facts

  • A Designated Fund can be established in any amount and for as little as $5,000 to get started.
  • The ability to combine funds into professionally managed portfolios allows greater diversification of investments and access to investment vehicles that would not be possible for individual funds.
  • Each fund is charged a fee for administrative services.

Get started

  • Discuss Designated Funds with us by calling 406-863-1781.  We would like to review your donation objectives with you.
  • We will customize a fund agreement for you.
  • Make an initial contribution.

Designated Fund Package

Designated Endowment Fund Package