There are many flexible ways to support your interests – the choice is yours. How involved do you want to be in your grantmaking? Do you want to give to a specific organization or a specific area of interest? Launch a scholarship to honor or memorialize a loved one? Restrict your giving to northwest Ohio and/or fund internationally? Create or continue your business giving program? Whatever your giving goals, there is a fund option for you.
A fund at the Foundation can operate like a private foundation, but without the administrative and legal burdens associated with private foundations. When you establish a fund at the Foundation, you choose from a variety of fund options, depending on the degree of involvement you desire.
What type of fund can one create in the Center for Corporate and Business Philanthropy?
Community Fund (also referred to as an Unrestricted Fund) – Your gift supports the most pressing needs and effective programs in the community. The Foundation staff identifies the needs and you trust the Foundation to make the decisions on the use of your gift.
Donor Advised Fund – You make recommendations on grants to be given from your fund. The Foundation staff can help you identify organizations you might want to support. A Donor Advised Fund can be a single advised fund or family advised fund, endowed or growth fund.
Field of Interest Fund – You direct your funds to a specific area of interest that you care deeply about and fund it in perpetuity. This fund does not have to be tied to a particular organization.
Designated Fund – You help provide a permanent source of income to meet the future needs of a specific organization or organizations that you feel are important to the community.
Scholarship Fund – You establish the criteria to support education endeavors of traditional or nontraditional students of all ages.
Supporting Organization – You create a legal entity that is directly affiliated with the Foundation to handle your charitable needs. Foundation staff handles the professional services and you take advantage of the favorable tax status while avoiding time consuming and costly requirements of private foundations.
Click here for complete discussion of creating a fund with Greater Toledo Community Foundation.
What type of gift options can one use to create a fund in the Center for Corporate and Business Philanthropy? Click here to review Gift Options.
Already have a fund and you would like to make a gift – go to Give Today now.