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.
A Designated Fund is ideal for families, individuals, and groups who:
If you're going to live, leave a legacy, make a mark on the world that can't be erased. ~Mary Angelou
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.
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