A Named Fund is the simplest type of fund. This would be placed in a Community Fund and can stay there with the donor’s name or in memorium of a friend or family member. Grants will be pooled and given out to the community where they are needed the most.
There are many possibilities with a Named Fund. We can work with you to place your Named Fund into an existing fund that is more specialized, providing you with the flexibility to support certain causes that you feel strongly about.
A Named Fund can be set up with a minimum of $1,000. Over time, if the donor wishes they can continue to contribute to the fund until at which time it reaches $10,000 at which time they can choose can convert the fund into one that designates a specific recipient.