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Establish a Charitable Fund
Establish a fund
An endowed gift lasts forever. It’s carefully invested – but never spent – and the investment returns powerful change in the community for generations. Endowments enable donors and nonprofit organizations to create a stable source of funding and investment in the future.
Start by determining your charitable goals.
For example, do you want to support a specific organization or a general field of interest such as youth development? Do you want to be involved in the selection process each year?
Select the type of fund that best fits your goals
John Randolph Foundation staff can explain the advantages of each type of fund we offer.
Create a name for your fund.
You can use your name, the name of a family member, or the name of a favorite cause – or choose a name that allows you to remain anonymous.
Sign a fund agreement.
Our staff will personalize the document based on your wishes.
Designate fund advisors
If creating a donor advised fund, you may designate current fund advisors such as yourself and spouse, and successor advisors such as your children.
Make an establishing gift
Some donors fund their endowment through an outright gift of cash or appreciated securities. Other donors choose to defer their gift through a bequest, a life insurance policy, or retirement assets.
TYPES OF FUNDS
Administrative
Support the Foundation’s operations and help us carry out our mission.
Agency
The donor and beneficiary of the fund are the same nonprofit organization.
Award
This fund benefits a professional in a field of your choice via a nomination process.
Designated
This fund supports one or more specific nonprofit organizations.
Donor Advised Fund
The donor(s) recommends charitable grants from the fund each year.
Field of Interest
This fund supports a cause area such as youth development, the arts, etc.
Scholarship
This fund benefits a student(s) that meets your custom scholarship guidelines.
Unrestricted
The Board of Trustees applies the fund to the area where it is needed most.