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It is easy to help your client establish a named charitable fund and the task can be completed in less than a day.
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- First, decide what type of contribution the client would like to use to establish the fund. A donor can contribute cash, securities, or other property.
- Select a name for the fund. Clients can use their own name, the name of a family member or one they invent.
- Designate current fund advisors such as the client and spouse, and successor advisors such as children.
- Complete and sign a simple governing document that we will provide and help customize for the donor.
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Once a fund is established, donors may:
- Add to the fund at any time in any dollar amount.
- Specify how grant disbursements are to be acknowledged: in the name of the fund or anonymously.
- If a donor advised fund has been established, the donor may recommend distributions from their fund to charities, locally or throughout the United States
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E-mail Randy Balogh, Philanthropic Services Director, or call him at (831) 477-0800 ext. 202 to schedule a private appointment.
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