Once you have decided to partner with the East Texas
Communities
Foundation to help you attain your
philanthropic goals, the process of setting up a fund
is quite simple.
It is easy to create a fund in your own name or in
the name or memory of a
loved one. Working with the ETCF staff, it can be done
in less than a day.
First, determine your charitable interest and your
intent:
- Select the type of fund that will
allow you to carry out your
intentions.
ETCF staff will be able to provide information to you and your professional
advisors.
- Complete a donor agreement form
that names your fund and makes your intentions clear. You may use your own
name or that of a family
member
or charitable interest, or choose a name that allows you to remain anonymous.
- You
may name current and successor advisors depending on the type of fund
you choose.
- Make an initial gift to establish the fund.
- Receive
a tax deduction at the
time the fund is established, and each time you make an additional contribution
to the fund.
After the fund is established:
- Add to the fund at any time and in
any given amount.
- Friends or family may make tax
deductible gifts to the fund.
- Make grant disbursement
recommendations and specify
whether awards be acknowledged
in the name of the fund or
anonymously.
- With a Donor Advised Fund, you
may recommend distributions
directly to charities locally,
nationally and in most cases
internationally.
