- Your client wants to make a gift to create a charitable (i.e., Donor-Advised) fund that you will continue to manage.
- Our office will reach out to you to complete your paperwork and establish a new fund where The Community Foundation becomes a new client for you.
- You work with your client to identify the most tax-advantaged assets to establish the new fund – often appreciated securities – and send those to us via electronic transfer.
- We send you back cash, which you then work with your client to invest, taking into account your client’s social screens, preferred asset allocation, risk tolerance, granting timeline, etc.
- You send The Community Foundation a quarterly statement. You would charge your customary fee to invest the assets.
- Your client becomes a valued foundation donor and fundholder. That means they have access to philanthropic consulting services from us (e.g., mission statement work, family giving planning, researching grantees, providing grantee suggestions, etc.), and are invited to our various educational and salon events.
- You keep the assets custodied at your shop.
- You keep 3% of the assets in cash. We will cover any grants your client wants to make – even in excess of 3% – and we perform a monthly rebalancing.
Considerations for getting started
- Two kinds of Donor-Advised Funds
- Why start a fund at the Community Foundation?
- Ready to start a fund? Here's what's next.
- Comparing the Community Foundation to private foundations and commercial gift funds
- Administrative fees (for reference, see the Community Foundation’s administrative fees). Please provide administrative fees documents to your client(s) with the Establish a Fund Form.
- Establish a Fund Form
- How to talk giving
For more information, please contact Philanthropic Services.