Starting a Fund

Creating a fund is simple and can often be done within one day. TCF will assist in choosing the fund that matches your charitable interests. One of the first steps in planning a gift to TCF is deciding which type of fund best matches your interests. All funds are open-ended and may be increased at any time. You may also contribute to an existing fund.
Working with a member of our staff, and your financial advisor if you choose, you will take these simple steps:

• Determine your charitable purpose or intent.
• Select the type of charitable fund that best supports your purpose. Our staff will outline your options and discuss advantages of each. Types of Funds
• Complete a simple one-page fund agreement. Our staff will help you to complete a document that makes your intentions clear.
• Select a name for your fund. You can use your name, that of a family member, the name of a favorite cause or choose a name that allows you to remain anonymous.
• Contribute at least $10,000 to open the fund. See How You Can Give or Ways to Give for the types of contributions you can make.
• Receive a tax deduction at the time the fund is established and when additional contributions are made to the fund.
• Specify how grant disbursements are to be acknowledged — whether in the name of the fund or anonymously.
• If you have established a donor advised fund you may recommend distributions to charities, locally or throughout the United States.

If you have questions about establishing a fund that have not been answered in this section, please contact us for more information.