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CICF’s donor-directed funds allow you to take an active role in how your charitable gifts are invested in the community. They can also provide a tool for involving other family members and for leaving a legacy.
You Have Options:
Donor-advised funds consolidate your giving into a single charitable fund. You, or others that you name, can advised grants from the fund with no administrative burden. You can use as much of the balance as you wish for grants over time, or endow the fund to leave a permanent legacy.
Donor-designated funds create a permanent revenue stream for an area of interest or for one or more charitable organizations of your choosing. They help your charitable support grow, and even live on after your lifetime.
Supporting foundations are a separate legal charitable entity connected to CICF. They provide similar investment and governance control to a private foundation but give you more favorable tax treatment and ease of administration.
Scholarship funds help students overcome the increasing costs of tuition and attain the degrees that greatly increase their chances of success in life. With the Pension Protection Act of 2006 (HR 4), Congress significantly altered the requirements for a sponsoring organization (CICF) to administer scholarship funds.
Charitable Investment Relationships allow you to recommend that CICF invest your fund with your financial or investment advisor.
For more information about how to establish a fund and/or benefit a fund in your estate planning, contact our development team at 317.634.2423:
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A couple who prefer to remain anonymous started the Lotus Fund in 2005 after they sold their business. In naming their fund, they noted that the Lotus flower symbolizes a vital force that can withstand extremely adverse conditions and not only persevere, but create beauty in its environment. This philosophy drives their giving to disaster relief, animals and the environment, grief and healing, and giving people tools to be self-sufficient.
