Central Carolina Community Foundation

Starting A Fund

Starting a fund with Central Carolina Community Foundation begins by speaking with your professional advisor or working with our President & CEO to determine what philanthropic and charitable goals you want to accomplish with your fund.  Based on the type of fund you establish, you and/or your advisors to the fund may be able to stay involved in the good works your gift makes possible.  You can recommend an area or organization for the gift to support, or rely on the Community Foundation’s experienced program staff to determine and address the areas of greatest need in our community.

We handle the administrative details.  Your gift is placed into an endowment that is invested over time, with earnings used to make grants addressing community needs.  Your gift and all future earnings from the gift will be a permanent source of community capital, helping do good work forever.  Our board issues grants in the name of the fund you establish or, if you prefer, your grants can be made anonymously.

What you need to do

• Determine your philanthropic goals.  Why do you want to give?  What type of impact do you want to make in the community?
• Decide what you would like to give.  Many types of contributions can be made including cash, securities, real estate or other property valued at $10,000 or more.
• Select the name of the fund.  We can set up a fund in your name in the name of your family or business.  We can also set it up in honor of a person or an organization.
• If you are creating a Donor-Advised fund, determine who the current and future fund advisors will be.  This list might include you and your spouse today and your children and grandchildren in the future.
• Complete and sign a simple governing document based on the type of fund you are establishing.