Individuals, families, corporations, nonprofit organizations, private foundations, trusts, and estates are eligible to open a fund. Once you determine your charitable purpose or intent, you then select one of the following types of philanthropic funds that best supports your purpose:
Donor Advised Fund – provides a flexible, personalized way to support nonprofit organizations. You retain the right to recommend grants to charitable agencies of your choice and other family members may be named as successor advisors to continue your philanthropic involvement.
Field of Interest Fund – supports a specific issue or geographic area such as the health care, education or Williamsburg County. You create a fund that addresses the issues you care about most in the Pee Dee and we ensure your funds are directed to nonprofits addressing that issue.
Designated Fund – supports one or more charitable organizations now and after your lifetime. If a charitable organization ceases to exist or stops providing the type of service that interests you, we will find another agency that fulfills your charitable intent.
Unrestricted Fund –offers the Foundation the flexibility to respond to pressing and often changing needs in the Pee Dee. When you create an unrestricted fund, you are extending your philanthropic impact far into the future.The fund can be named in your honor or in memorium.
Agency Endowment Fund – establishes the means for endowments of local nonprofit organizations to grow assets to meet both current and future needs. Agency Endowment Funds provide sources of revenue for the organization in perpetuity.
Supporting Organization– a special fund with its own grant making ability and board of directors that receives public charity status through its relationship with the Foundation.
Next Steps
When you are ready to establish a fund and receive the maximum tax advantage under federal law for your charitable gifts, the next steps are simple and we always recommend consulting your financial advisor.
1.Complete a simple governing document that makes your intentions clear.
2.Select a name for your fund.
3.Designate fund advisors and successor advisors if necessary.
4.Discuss the level of anonymity you prefer with foundation staff.
5.Transfer funds to open the fund.
Enjoy your philanthropic endeavors for the Pee Dee and beyond.
We’re here to help you. Call on us for more information, to talk with your financial advisor, to take a site visit to a specific charity or location, or to meet other donors who have already made the commitment to invest their philanthropic future to benefit the Pee Dee. For good. For Ever.
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