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Whitefish Community Foundation | Designated Funds
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Designated Funds

For capital projects, long term program support and memorial designations.

A designated fund is an advised fund whose beneficiary organization(s) have been specified by the donor(s) 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 it to be a long term funding source for an organization where gifts would be made annually. Funds can also be named in honor and in memory of a loved one.

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 project or charity.
  • Want to make a long-term impact on the charities that are most important to them.
  • Want to set up a Memorial for a loved one.

Financial facts

  • A Designated Fund can be established in any amount and for as little as $5,000 to get started.
  • Long-term funds (5 years or more) have investment options available.
  • Each fund is charged a low 1% administrative fee for services. For funds over $1M the fee is lowered to 0.5%
Call Linda Engh-Grady at 406-863-1781 or email us. We would be happy to discuss the best solution for your gift and answer all your questions.
If you're going to live, leave a legacy, make a mark on the world that can't be erased. ~Mary Angelou
Benefits of working with Whitefish Community Foundation:
Flexible

Whether you want to give locally, nationally or globally, the Foundation’s goal is to make every philanthropic vision a reality. You can give now or in the future. You can be entirely hands-off or as involved in your charitable giving as you like.

Privacy

We honor when and how you want to be recognized for your grants and contributions. If you prefer to maintain anonymity, your identity remains protected. Personal information is never disclosed without permission.

Experienced

Whitefish Community Foundation is proud to offer a trusted, knowledgeable team of passionate individuals. We are committed to working collaboratively with community partners to develop creative solutions and promote lasting change.

Local Knowledge

The Foundation staff and Board of Directors are made up of community members and volunteers living in Whitefish who are community involved. We are knowledgeable about the needs of our community and our nonprofits and quickly address emerging local issues.

Tax Benefits

As a public charity, Community Foundation donations qualify for the maximum available charitable deduction in the year the gift is made. We also offer solutions to help reduce your tax liability.

Giving Made Easy

Simplifying your giving process with streamlined communications, statements, online access to your balance, online grant recommendations, and more.