Community Foundation of Dickinson County -- For good. For Ever.
Email Us   785.263.1863

It's Easy To Establish Your Fund

Establishing your charitable fund is simple, takes just a few minutes, and doesn't require great wealth. Our staff will guide you, and your financial advisor if you desire, through the process.
  • You decide what interest or nonprofit organization you would like to help and staff will recommend the type of charitable fund that best supports your charitable goals.
  • You select a name for your fund, whether your name, that of a family member, the name of the cause, or a name that allows you to remain anonymous.
  • You may, for certain funds, designate one generation of successor advisors, such as your children.
  • You, with the assistance of our staff, complete a simple fund agreement that makes your intentions clear.
  • You make your gift of cash and/or appreciated stocks in the amount of $5,000 and receive your charitable receipt letter which allows for tax deduction to the extent allowed by law. Gifts of real estate and other property are accepted on a case by case basis.
  • Or, you have the option of establishing an Acorn Fund, which allows you to open a named fund for $500 that is recorded with our Foundation. Gifts of any amount may be added to your named fund at any time and you may take up to five years to reach the minimum investment of $5,000. Once that amount is reached, you may begin recommending grants to be made. Should the Acorn Fund not be fully funded after five years, the fund will be closed and the balance transferred to the Foundation's expendable or endowed unrestricted fund where it will be used to make grants to nonprofit agencies in Dickinson County.
Once established:
  • You watch the positive effect grants from the earnings off your fund have on your community.
  • You may specify whether grant disbursements are to be acknowledged in the name of the fund or anonymously.
  • You may, if you've established a donor advised fund, recommend distributions to charities, locally or throughout the United States.
  • You may add to your fund at any time in any dollar amount and receive a tax deduction to the extent allowed by law.
If you have questions about establishing a fund, please click here to contact us or phone 785.263.1863.