Donor Advised Funds
Creating a Donor Advised Fund enables you to be actively engaged in the grantmaking process, recommending grants to nonprofit organizations annually.
By creating a donor advised fund at your community foundation, you not only provide support to worthy causes but also gain access to planned giving and investment management services. A donor advised fund allows you to play an active role in community philanthropy while creating a legacy through a permanent endowment. It operates similarly to a private foundation but with streamlined administration and oversight, sparing you from the administrative burdens.
How it Works
Here are the steps involved in establishing a Donor Advised Fund:
Conversation: The first step in determining if a donor advised fund is the right fit for your philanthropic goals is to have a conversation with the HCCF staff
Fund Establishment: We create a new fund at the foundation with the name that you have chosen
Contribution: Make a gift to start the donor advised fund - cash, appreciated stocks, real estate, or other assets. This is a great time to start thinking about estate gift planning to continue
Tax Benefits: Enjoy tax advantages in the year of your donation.
Grant Distribution: Recommend grants to the foundation board for final approval — working with our staff to support the causes and organizations you care about most, or consult our team on current community needs
Administrative Support: We handle all the administrative tasks and compliance and then issue grants to the selected organizations in the name of the fund you establish, or anonymously, after approval
Impact Updates: Stay informed with regular updates on the impact of grants made from the fund. These updates often include photos from the organization
Annual Fund Statement: Each year, within the first three months of the year, you receive a statement of the fund’s investment performance and grantmaking from the prior year
Benefits
Donor Advised Funds are convenient, flexible tools for individuals, families, businesses, or groups that want to be personally involved in suggesting grant awards made possible by their gifts. If you have a range of community interests, you may find that a donor advised fund is an ideal vehicle for fulfilling your charitable wishes. Donor Advised Funds offer similar benefits as private and family foundations without the administrative and cost burden. You can add to the fund you establish at any time, receiving tax benefits with each new gift. Every year, you can engage in the charitable giving process by recommending grants.
Current Funds
53 North Pass Through Fund
Charles and Judith Weeks Fund
Clifford J. and Carol D. Roggenbuck Memorial Fund
Dennis M Hagen Memorial Fund
Gene & Mary Holdwick Family Memorial Fund
John D. Pridnia Community Service Fund
Lewie & Jannette Knoblock Fund
Little Pride Farms Fund
Pointe Aux Barques Donor Advised Fund
Steven Kuzak Golf Fund
The Price Family Fund
Tom Gettel Memorial Fund
Travis Fischer Memorial Fund
Next Steps
If you have any questions or would like to inquire about establishing a Donor Advised Fund contact Mackenzie, HCCF Executive Director at (989) 269-2850 or by email at mackenzie@huroncounty.com.
All gifts and funds are subject to HCCF policies, including the Gift Acceptance Policy and required fund minimums.
