Establishing a fund at the Greater Cedar Rapids Community Foundation is as simple as 1 – 2 – 3.
The following steps outline how we can help you establish your charitable fund:
1. Clarify Your Charitable Intent
Most donors begin by working with us to clarify their charitable intent. What do you want to accomplish now or in the future? Do you hope to address a specific need or opportunity within our community, help a particular group or provide ongoing support to certain organizations? We’ll help you define the role you and your family or business will play in how distributions are made. There are many options available when considering your charitable giving and we can work with you to design solutions for your philanthropic goals.
2. Identify Your Giving Strategy
Once you’ve clarified your charitable intent, we’ll work with you to identify your giving strategy. There are many types of gifts we accept. Are you interested in giving now or establishing a planned gift? Gifts of any amount can be made to an existing fund, or you can start your own fund with an initial gift of $10,000 or more. We also have a Prairie Fund option which allows you to open a fund with a minimum gift of $2,500 to build your fund over time.
3. Establish a Fund
Once you’ve clarified your giving strategy, we’ll work with you to identify the most appropriate type of fund. We can establish a fund in your name, the name of your family or business, or in honor of any person or organization you choose. Every fund is customized to reflect your giving goals.
Based on the type of fund you choose to establish, you can be involved in the work your gift supports. You can make a charitable recommendation or rely on the experienced staff at the Community Foundation to determine the areas of greatest need or opportunity in our community. With Board approval, the Community Foundation will issue grants in the name of the fund you establish. The best part? We handle all the administrative details.
If you would like to establish a fund, contact the Community Foundation at 319.366.2862 or firstname.lastname@example.org.
If your gift is greater than $250,000 and you would like it to be managed by your investment manager, learn more about our Charitable Investment Partners program.