Rice County Community Foundation Inc.

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Rice County Community Foundation Inc. 
Establishing a Fund Procedures

It is easy to establish your own named charitable fund and it can be done in a few days. Working with a member of our staff, and your financial advisor if you choose, you can follow these simple steps:

        First, determine your charitable purpose or intent.

        Select the type of charitable fund that best supports your purpose. Our staff will outline your         options and discuss advantages of each.

        Complete a simple governing document. Our staff will help you to complete a document that         makes your intentions clear.

        Select a name for your fund. You can use your name, that of a family member, the name of a         favorite cause, or choose a name that allows you to remain anonymous.

        Depending on the type of fund you establish, you may designate current fund advisors such         as you and your spouse, and/or successor advisors such as your children. This information         will be included in your governing document.

        Make an establishing gift. See Ways to Give for the types of contributions you can make.

        Receive a tax deduction at the time the fund is established and when additional contributions         are made to the fund.

        Enjoy giving through your fund. Once your fund is established you can:

        Add to the fund at any time in any dollar amount.

        Specify how grant disbursements are to be acknowledged – whether in the name of the fund         or anonymously.

        If you've established a donor advised fund you may recommend distributions to charities,         locally or throughout the United States.

If you have questions about establishing a fund that have not been answered in this section, please click here                                   to contact us for more information.  

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