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Creating a Fund

A Fund For Every Charitable Gift

There are many different funds to choose from at CICF to help you achieve your unique philanthropic goals. Donor-advised funds are the most common and flexible of the charitable funds we offer. A scholarship fund may support your interests in education. Or, if you make grants each year to the same organization, a designated fund may be a good way to provide consistent support to a favorite organization now and in the future. Some donors even create two donor-advised funds: one for anonymous giving and another that recognizes the charitable giving of their family. No matter which funds you choose, we’re dedicated to working directly with you to find the best options for your charitable giving.

This chart provides you with a description of funds, our minimum contributions and what can be contributed to the fund.

 

FUND MINIMUM START-UP DONATION

Donor Advised Fund

A donor advised fund will make your charitable giving easier and more rewarding. You make a donation to create the fund and receive an immediate tax deduction. Over time, you make grants to the charitable causes you value most. We handle the due diligence, issue the checks and provide staff assistance through a range of donor services. Read More

Assets you can donate: Cash, public stock, restricted stock, real estate, limited partnerships, tax deferred savings plans, private foundation payouts or dissolutions, and more. 

 $25,000

Corporate Advised Fund

Simplify charitable giving at your corporation or business. With a corporate advised fund, your company makes grants to charitable organizations; CICF handles the due diligence, issues the checks and provides staff assistance via a comprehensive menu of corporate services.

Assets you can Donate: Cash, public stock, restricted stock, real estate, limited partnerships and more.

 $25,000

Community Endowment Fund

Creating a community endowment fund supports our community in perpetuity and leaves your personal legacy. You can rely on CICF's expert staff to research and direct support to the most critical community needs. Examples of named funds.

Assets you can Donate: Cash, public stock, restricted stock, real estate, limited partnerships, tax deferred savings plans, private foundation payouts or dissolutions, any asset through your will, trust or estate plan.

 

Any amount to an existing fund. A gift of $5,000 or more made to an existing fund will be publicly recognized for 25 years, a gift of $100,000 or more will be publicly recognized in perpetuity. Many donors establish these gifts/funds in honor or memory of someone special.
 

Field of Interest Fund

A field of interest fund creates a resource in perpetuity to support the causes you care about – such as the arts, education, health and human services or the environment. Our professional staff researches and directs support to the best charitable organizations providing innovative solutions to serve our community within your assigned interest area for a set period of time or in perpetuity. Examples of named funds.

Assets you can Donate: Cash, public stock, restricted stock, real estate, limited partnerships, tax deferred savings plans, private foundation payouts or dissolutions, any asset through your will, trust or estate plan.

 $25,000

Donor Designated Fund

A designated fund allows you to create permanent income for a specific organization(s) of your choice in central Indiana or elsewhere, and ensures your support can grow and even live on after your lifetime.

Assets you can donate: Cash, public stock, restricted stock, real estate, limited partnerships, tax deferred savings plans, private foundation payouts or dissolutions, any asset through your will, trust or estate plan.

 $25,000

Scholarship Fund

Scholarships provide essential support to deserving students, and increase their chances for academic and future financial success. CICF works with donors to create renewable scholarships of at least $1,000/year, ensuring that support is available through degree attainment. We adminisSter the entire process, from creating and distributing applications to the disbursement of funds and the tracking of students.

Assets you can Donate: Cash, public stock, restricted stock, real estate, limited partnerships, tax deferred savings plans, private foundation payouts or dissolutions, any asset through your will, trust or estate plan.

 $25,000 
designated for specific HS or college/university


$100,000
CICF managed with general criteria

$250,000
donor’s input for student's eligibility and selection criteria

Supporting Foundation

Supporting foundations are an option for those with complex philanthropic goals and the desire to create a corporate entity that will perpetuate the family legacy. A supporting organization’s grants and activities fulfill and support the charitable purposes of the community foundation, yet it has its own board, investment policies, and charitable status with the IRS.

Assets you can donate: Cash, public stock, restricted stock, real estate, limited partnerships, tax deferred savings plans, private foundation payouts or dissolutions, any asset through your will, trust or estate plan.

 $2 million

Charitable Organization Endowment Fund

Nonprofit organizations and their supporters can establish a permanent endowment fund to support the charity in perpetuity.

Assets you can donate: Cash, stock, real estate and more.

 $100,000

Charitable Organization Pass-Through Fund

Nonprofit organizations and their supporters can establish a cash reserve fund and utilize the community foundation’s investment expertise to manage their assets.

Assets you can donate: Cash, stock, real estate and more.

 $100,000

  

For more information:
Jan Edmondson, senior gift planning advisor, 317.634.2423, ext. 510 or jane@cicf.org.
Mary Stanley, senior gift planning advisor, 317.634.2423, ext. 319 or marys@cicf.org.


Central Indiana Community Foundation is not engaged in rendering legal, financial, or tax advice. Information in our publications and on our website is provided as a service to provide general information about charitable giving. Many topics related to charitable giving have complexities and nuances that cannot be adequately detailed in brief articles or announcements. Individuals’ personal situations may vary. Please consult your financial or legal advisor. Performance data is based on past performance and is no guarantee of future results. If you have questions or concerns about any information presented, please contact us at info@cicf.org.