Creating a Fund
Dr. Denise M. Martin Scholarship Fund
This fund was originally created through the generosity of a group of Denise’s friends and co-workers at a retirement dinner held in her honor. It was then endowed by Denise and Jeffrey Martin.
Become A Philanthropist
The Community Foundation welcomes all donors with varied interests and giving capabilities including individuals, foundations, and corporations. The CFFC staff offers relevant investment guidance to donors, manages fund accounts, and connects donors with appropriate non-profit agencies.
We make it easy for individuals to become philanthropists by creating charitable funds. We prepare all documents, and the procedure can often be completed in one meeting. If you are interested in creating a fund, please consider the following steps:
- Determine your charitable purpose or intent
- Discuss charitable goals with family, friends and financial advisor
- Decide gift amount and type - cash, stock, or planned gift - that suits your available resources
- Select type of charitable fund that best supports your purpose or intent
- Work with the CFFC staff to create a governing document for your fund
- Contribute an established gift to create the fund
- Receive an immediate tax deduction for your gift, and with each additional gift
- Encourage your friends and family to contribute to your fund
It's also easy for charitable organizations with endowments to create an "agency" endowment fund, and the same procedures can be followed. The CFFC will hold donated funds and provide the organization with a 5% or annual market value return on investments. This allows the organization to securely plan annual budgets using a guaranteed return.
