Establish A Charitable Fund

It’s easy to create a fund and build your legacy.

Once you’ve decided to establish a named fund for yourself, a family member, or a loved one. We work with you to set up a fund agreement to establish the parameters including the purpose, distribution of income, and type of fund. After the fund parameters are established, the TGF team takes care of the rest including paperwork, reporting, and grant processing.   

There are five types of funds you can establish: 

  1. Unrestricted – Helps meet ever-changing current and future community needs, giving TGF the most flexibility for unanticipated circumstances such as the COVID-19 pandemic.
  2. Field of Interest – Focused on areas of donor interest (youth, education, special needs, arts housing, the environment, etc.). TGF then awards grants to community-serving organizations that are making a difference in that field.
  3. Designated Fund – Earmarked for a specific nonprofit organization or purpose, such as a local charity or institution such as the library.
  4. Donor Advised Fund – Allows donors to manage the use of their gift actively.
  5. Scholarship Funds – Directed specifically to scholarships, with donor dining award parameters and amounts.  High school counseling departments manage the application process and candidate recommendations. 

The benefit is that your legacy is permanent, as the endowment model ensures your charitable fund will support the community, now and for future generations. Of course, you can also set up an anonymous fund if you prefer.

Any amount from $10,000 or more can be used to establish a fund. To help reach your philanthropic goals, we offer an “Acorn Fund” option, which allows interested donors five years to reach the $10,000 minimum. 

Your generous contribution is fully tax-deductible to the extent allowable by law. Also, funds can be opened with most types of assets including cash, stock, property, and more.

To take a look at our portfolio of funds, click here.

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