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How to Create a Fund

Setting Up a Fund is Quick and Easy

You can create a charitable fund now, establish it in your will, or create it through a trust arrangement that benefits your family as well as charity. Tax deductions are earned at the time of your gift, while grants awarded from your fund will continue into the future.

1. Choose a Type of Fund:

        We offer a variety of funds to meet the philanthropic goals set by you and your family and that are flexible enough to benefit your preferred charitable interests. Stay involved in your giving by advising grants to support specific causes, or give broadly. Involve your family. Remain anonymous. It's up to you.

2. Name Your Fund:

      Most funds are named for the donor, the donor's family, or as a memorial to someone special. Every grant from your fund will carry this name. If you prefer anonymity, you may choose a name that reflects your fund's charitable purpose or one that ensures privacy.

3. Decide What to Give:

                  Almost any kind of asset can be used to start your fund, such as cash, publicly traded securities, closely held stock, interests in limited partnerships, real estate, life insurance, and private foundation assets. We can also discuss other options with you, such as bequests and charitable trusts.

Getting Started

                          We offer a variety of giving vehicles to fit your specific goals and giving wishes:

I want to support the greatest needs of the community: Community Funds

                          The Community Foundation depends on these broadly responsive, community focused funds to proactively address the changing needs of the community and support innovative responses. Our unrestricted fundholders establish legacies that provide flexible support to meet the challenges of tomorrow.
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I want to create a tradition of giving: Donor-Advised Funds

                          Donor-advised funds are established by individuals, families or businesses that choose to be actively involved in the grantmaking process. Donors with a range of community interests find these to be an ideal tool for conveniently fulfilling charitable wishes.
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I care about a specific issue or challenge in the community: Field of Interest Funds

                          Field of Interest fundholders choose one or more focal points for their giving, often based on their personal interests. Funding is given to the donor’s favorite region or cause, while remaining flexible to meet changing community needs in the focus areas over time.
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I want to create a source of support for a specific nonprofit: Designated Funds

                          Designated funds are established by donors to support one or more of their favorite nonprofit organizations. Many organizations receive crucial annual support from these funds.
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My nonprofit wants to create an endowment fund: Agency Funds

                          Organizations place endowment funds at the Community Foundation to help ensure a permanent source of income.
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I want to provide scholarship support to promote education: Scholarship Funds

                          Scholarship funds, often created in honor or in memory of a loved one, award funds to deserving students.
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Ready to Get Started?

                          You don't have to figure all of this out on your own. Our philanthropic advisors are here to help you explore your needs and find the giving vehicle that best fits your unique situation.
Contact us to get started.


Watch Video: What is the Central New York Community Foundation?



Want to talk about your specific giving needs?
Contact us through this form or call
(315) 422-9538.