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Establishing a fund with the Allegan County Community Foundation

Think about your charitable passions. Do you want to fight poverty? Support the arts? Help children forge a better future? Combat hunger? Whether your interests are broad or narrow, you can support them through a fund at the Allegan County Community Foundation.

Decide when to give. Do you want to establish a fund for giving today? Would you like to defer your gifts through a will or planned giving vehicle? You can do either or both.

Decide what to give.  Cash, publicly traded stock, retirement plan assets, closely held stock, real estate and life insurance are all acceptable forms of contributions. 

Aligning your charitable interests with the right giving method. By discussing your interests with the Foundation staff we can assist you with the type of giving that will benefit you and your interests best. Below are the different type of funds you can utilize to acheive your charitable goals.

Unrestricted Funds
Your community’s needs change over time. When you establish an unrestricted fund, you are assuring that those needs will always be met. Unrestricted funds allow the Foundation to continually evaluate your community's needs and direct your gift to areas of greatest impact. Your unrestricted fund assures you that your gift will be directed by those who know the community best—your Community Foundation.

Field of Interest Funds
A field of interest fund benefits a broad area of community life that reflects your values and interests such as education, arts, environment, children, social services or a particular geographic area. Rather than being directly involved in how the money is distributed each year, you give the Community Foundation the flexibility to assess needs and then direct funds to an organization or charity within your field of interest.

Designated Funds
A designated fund supports the non-profit organization in your community you choose to benefit. Under the management of the Community Foundation, your gift will grow and help your favorite charity to sustain and develop in perpetuity.

Donor Advised Funds
A donor advised fund is a very personal approach to giving. Each year you make recommendations for the distribution of grants from your fund. Donor advised funds can also help pass on your philanthropic values to family members by involving them in the recommendations.

Scholarship Funds
Give the gift of education by establishing a scholarship. The donor determines the scholarship requirements which may include grade point average, course of study, geographic area or extracurricular achievements. Scholarships may be established by individuals, families, companies or organizations.

Organizational Endowments
Creating an organizational endowment through your Community Foundation assures low cost fund administration and access to professional investment management opportunities, all while creating permanent funding for non-profit organizations.

 

The Allegan County Community Foundation is here to help you with your charitable goals. We can guide you through a gift through your will, via a life insurance policy or by the sale of stocks or marketable securities. We invite you, or your financial advisor, to contact us to learn more. 

Click here for the Stock Donation Form. 
 

 

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Allegan County Community Foundation
524 Marshall Street
Allegan, Michigan 49010
Phone. 269.673.8344
Fax. 269.673.8745
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