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Establish a Fund at The Community Foundation

With as little as $10,000, you can start a fund at The Community Foundation. But what does that mean?

Let me help you get started

Amy Singleton
VP, Philanthropic Services
804-409-5613

When you establish a fund with The Community Foundation you have the opportunity to:

  • Give today or ensure your legacy through planned gifts
  • Receive TCF staff support with all facets of your charitable giving plan
  • Provide ongoing support for your favorite nonprofit organizations
  • Recommend grants to different organizations at your convenience
  • Make your own choices or consult with our staff to identify community needs

Types of Funds

We offer many different types of funds, each customized to help you make the most of your giving. Our funds are as follows:

Unrestricted funds

Unrestricted funds allow TCF to identify needs and opportunities in the community and target donor dollars accordingly.

Field-of-interest funds

You choose an interest area, such as education, the arts or health and wellness, and work with TCF staff to make strategic grants to nonprofits working within that area.

Donor-advised funds

Donor advised funds are the most popular and most flexible funds we offer. You can work with TCF staff to identify organizations addressing issues of importance to you, then recommend grants to support their good work. We take care of the administrative details so you don't have to.

With assets of $5 million or more, you may opt to establish a supporting organization and participate in governance, investment management or a focused grantmaking program.

Agency Endowment funds

Endowments provide nonprofit organizations an ongoing source of support for operations and mission-based programs.

Designated funds

Designated funds support charitable organizations of your choosing.

Scholarship funds

Scholarship funds help students pursue their education. They can be tailored to a particular field of study, school or other criteria meaningful to you.

  Find out what fund type is right for you.

"By moving our charitable fund from Vanguard to The Community Foundation, we became linked into a network of people who share an interest in doing something positive locally. What you get is a relationship instead of a check-writing facility."

Ken Walker, donor

What to Give

We accept a wide variety of assets, cash, marketable securities, real estate and closely held businesses, among them. And you can put your philanthropic plans into action today with outright gifts or opt to give a future, planned gift.

Learn about assets we can accept.

Alternatives to a Private Foundation

Private foundations come with the responsibilities of structuring the foundation, formulating policies, overseeing investment of the assets, administration and monitoring grantee activities. We have two attractive alternatives. The board of a private foundation can transfer its assets to TCF for the purpose of establishing a donor-advised fund or a supporting organization. The fund will perpetuate the private foundation's name and philanthropic goals with no tax or penalty on the transfer.

Download Options for Private Foundations [PDF]

Guide to Giving

Discover the benefits of working through The Community Foundation.

Guide to Giving [PDF]