Establish Your Own Charitable Fund
The Lenawee Community Foundation is here to help you achieve your charitable goals.
Creating a fund is a meaningful way to enrich the lives of others while building your legacy that benefits the community now and forever.
How it Works:
- Choose your fund’s purpose. The places you give your time, talent, or resources are often the best place to start when establishing your fund.
- Name your fund: You may choose your own name, a business or organization name, a name that reflects the purpose of your fund, or the name of someone you wish to honor. Your fund name creates a lasting tribute.
- Select a fund type: We offer several fund types to match your goals. Our team can help you choose the structure that works best for you.
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– Designated Funds: Support a specific nonprofit you care about by providing that organization with steady, long-term funding.
– Field of Interest Funds: Support a cause you care about—like youth, arts, or the environment—while the Foundation funds the nonprofits doing the best work in that area.
– Donor Advised Funds: Let you recommend which nonprofits receive grants from your fund, with guidance and stewardship from the Foundation.
– Scholarship Funds: Help students achieve their educational goals through scholarships designed around the criteria and values you choose.
– Community Funds: Provide flexible resources the Foundation can use to meet the community’s most urgent and ever-changing needs, now and in the future.
– Agency Funds: Allow a nonprofit to create a Fund with the Foundation so we can manage and grow their resources while they focus on their mission.
- Decide the amount you would like to invest and sign a fund agreement. Funds begin with a minimum of $10,000. You can establish your fund with a current gift or through a planned gift in your will or trust. What matters most is that your charitable wishes are honored now and forever. Please Contact Us and we will assist you with the process.
- Make your gift: You can contribute cash, stocks, life insurance, real estate, IRAs, pension plan assets, and more. We recommend consulting with your professional advisor to determine the best giving strategy for your charitable and financial goals.
- Watch your fund grow: Your fund is invested to grow over time, and earnings are used to make charitable grants. You recommend the grants, and our Board of Directors approves distributions.
- Experience the joy of giving! Your generosity creates real impact — bringing health, happiness, and hope to our community.