We make opening a Donor-Advised Fund or Designated Fund quick and easy

In most cases, new funds are operational in less than 24 hours. Our staff works closely with donors and their professional advisors to complete a simple governing document outlining the type of fund and its charitable purpose, naming the fund and identifying those individuals who may make grants from the fund.

Typically a fund is established with a gift of cash, stock, appreciated property, private foundation assets, retirement account assets, or a planned gift, however our staff is experienced with complex gifts and can assist you in establishing a fund from other assets. Our Gift Acceptance Policies and Guidelines details the types of noncash gifts we accept.

You determine how your fund is invested

Rose Community Foundation provides options of investing according to the Foundation’s unitized investment pools, or identifying a customized investment allocation among those pools to meet your charitable goals.

Donors benefit from an immediate tax deduction at the time the fund is established and whenever future fund contributions are made.

Fund Comparison

  • Donor-Advised Funds

    • Definition:
      A flexible charitable giving account allowing you to make grants to support the nonprofits and causes you care about
    • Who Can Open:
      Individuals, couples, families or groups
    • Minimum Opening Investment:
      $25,000
    • Tax Status:
      All contributions are tax deductible to the extent allowed by law
    • Fees:
      • 1% on funds less than $1,000,000
      • .5% on funds $1,000,000 or more
    • Restrictions:
      • Distributions must be made to 501(c)3 nonprofit organizations or public charities as defined by the IRS
      • Distributions must be at least $250
      • May not pay pledges, purchase tickets or result in a benefit to the donor
    • Investment Options:
      Funds may be invested according to the Foundation’s asset allocation or an asset allocation specified by the donor
  • Designated Funds

    • Definition:
      A fund designated for support of a particular nonprofit or cause
    • Who Can Open:
      Individuals, couples, families, groups or nonprofit organizations
    • Minimum Opening Investment:
      • $10,000 for a fund supporting a nonprofit
      • $50,000 for a fund supporting a cause
    • Tax Status:
      All contributions are tax deductible to the extent allowed by law
    • Fees:
      • 1% on funds less than $1,000,000
      • .5% on funds $1,000,000 or more
    • Restrictions:
      Distributions must be to the designated 501(c)3 nonprofit(s) or to nonprofits focused on the purpose of the fund
    • Investment Options:
      Funds may be invested according to the Foundation’s asset allocation or an asset allocation specified by the donor
  • Endowment Funds

    • Definition:
      A permanently-restricted fund providing an annual distribution to support the operations of a 501(c)3 nonprofit organization
    • Who Can Open:
      Nonprofit organizations independently or working in collaboration with a donor
    • Minimum Opening Investment:
      $25,000
    • Tax Status:
      Donor contributions to endowment funds are tax deductible to the extent allowed by law
    • Fees:
      • 1% on funds less than $1,000,000
      • .5% on funds $1,000,000 or more
    • Restrictions:
      • The nonprofit organization specifies a percentage of the fund’s value, typically up to 5%, to be distributed annually
      • It is the intent of the Foundation and the nonprofit organization that the principal of the fund be preserved in perpetuity
    • Investment Options:
      Funds may be invested according to the Foundation’s asset allocation or an asset allocation specified by the donor.

 

Donor-Advised Fund Guidelines
Donor Advised Fund Agreement
Designated Fund Guidelines
Designated Fund Agreement