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Designated Endowment Funds

Leave a Legacy of Support.

What is a Designated Endowment Fund?

Designated endowment funds allow you to select one or more specific nonprofit organizations  (i.e. charities, schools, churches) that you wish to provide with an ongoing, reliable source of financial support.  If the named organization goes out of business or changes the purpose of its activities, the Community Foundation will ensure that your charitable goals for the fund continue to be met.

Key Benefits

  • Easy: Support the specific causes and organizations you care about most. You make a charitable gift to create a named fund, qualify for an immediate income tax deduction, and the Community Foundation will regularly distribute grants to the charity(ies) you identify when you create you fund.
  • Flexible: You can make additional charitable gifts to your fund at any time, and you have online access to your fund seven days a week, 24 hours a day. The Community Foundation can accept gifts of many types of assets, including stock, real property, and closely-held assets. Our professional staff is happy to work with your attorney or financial advisor to help you create your personalized planning strategy.
  • Personal: This type of fund is an especially effective tool for leaving your charitable legacy. Your fund will reflect the causes and organizations you care about most in our community.
  • Efficient: The Community Foundation handles all of the administrative tasks associated with achieving your philanthropic goals – from investment options to tracking your gifts and grants and sending you a quarterly statement of activity.

CONSIDER A DESIGNATED ENDOWMENT FUND IF YOU:

Seek to create a legacy of support for your favorite charitable organizations.


Want to avoid the administrative hassles of charitable giving – from keeping receipts for tax records to simply remembering to send a check regularly.


Want to support specific organizations regularly and in perpetuity.


Appreciate the efficiency of regular distributions sent by the Community Foundation to your designated charities.

 

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Getting Started is Easy.

You can create a designated endowment fund for a minimum of $10,000 with gifts of cash, stock, or other assets. When you file your taxes, you only need one receipt from the Community Foundation rather than tracking numerous gift receipts.  Our knowledgeable staff can help you set up your fund to ensure your philanthropic goals will be met.

More questions? Just call Alison Gerardot at 260-969-3313 (or send an email ) and we’ll be happy to help!

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Why Give?

You come to the Community Foundation with a unique vision and passionate reason for giving. Our passion is to make your charitable goals a reality.

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We’re investing in community leadership initiatives that create a better future and make our community a better place to live, work, and play – now and forever.

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Who We Are

The Community Foundation of Greater Fort Wayne was created by and for the people in Allen County. Find out how we’re effecting local and lasting change.

© 2019 Community Foundation of Greater Fort Wayne