Open A Fund
The creation of a charitable fund through the Sandusky County Communities Foundation begins with your desire to support and strengthen our community. Based on your personal interests, you may select from a variety of fund types-including​:
Donor Advised Funds
This fund type provides maximum convenience and flexibility by enabling donors to make contributions to charitable organizations by suggesting distributions of income and principal to specific charities. It is especially useful for donors who want to take a charitable deduction one year and make distributions over several years.
Organization Endowment
This fund type holds assets for a named charitable organization and generally distributes investment income to that organization on a semiannual or annual basis. Principal may be distributed upon a written request from the organization’s board and approval by the Foundation’s Board. With increasing need for the services of nonprofit organizations and fewer sources of support, endowment building becomes critically important for future stability and growth. If the organization should cease to operate, the Foundation will continue the organization’s charitable objective.
Scholarship Funds
This fund type enables students to pursue academic goals and can be established by companies, organizations, families and individuals. Donors may define the scholarship’s advisory committee, guidelines for candidate selection, and award use. Donors often choose this type of fund to memorialize a loved one or to honor a special person.
Field of Interest
This fund type ensures support will be provided to specific eligible organizations donors may name. They may establish a designated fund to endow the charitable giving that they’ve enjoyed throughout their lifetimes. If any of the named organizations goes out of business or changes the purpose of its activities, the Foundation will ensure that the donor's charitable goals are continued.
Designated Funds
This fund type ensures support will be provided to specific eligible organizations donors may name. They may establish a designated fund to endow the charitable giving that they’ve enjoyed throughout their lifetimes. If any of the named organizations goes out of business or changes the purpose of its activities, the Foundation will ensure that the donor's charitable goals are continued.
Foundation staff will work with you to select the fund option that meets your charitable objectives.
You and your financial advisor will select the type of giving vehicle you should use to make the contribution that will establish your fund.
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Your contribution and a simple agreement (called a Deed of Gift) between you and the Foundation will establish a fund. Should you decide to use certain types of deferred giving vehicles to make your contribution, a fund may also be established in the language contained in a bequest or trust document.
Whether you are establishing a fund today or through a deferred gift, the Foundations professional staff and volunteer Board of Trustees is available to meet with you and your financial advisor to discuss our services in greater detail.
The vitality of the Sandusky County area is dependent upon the commitment of those who invest in its future. If you are considering such a commitment, we invite you to learn more about the Sandusky County Communities Foundation and how you can become a part of our community of donors.
Want to learn more about opening a fund?