FAQ

How do I open a fund?

While donor-advised funds are the most common and flexible type of fund, there are many funds to choose from at CICF to help you achieve your unique philanthropic goals. Review our fund chart for more information. For most funds, $25,000 is the minimum opening gift. You may claim a charitable deduction for the full amount of the gift (for outright gifts) in the year of each contribution. You can make additional contributions to the fund in any amount at any time. Others can also make contributions to your fund, perhaps to mark a special occasion or support a special project that interests you. For more Information about starting a fund, contact CICF at 317.634.2423.

 

 

Other Questions You May Have

How do I make grants with my donor-advised funds?

How can I check the status of my fund?

How do I open a fund?

What are the advantages of using a community foundation?

Who are CICF’s donors?

What are the financial and tax advantages of gifting through CICF?