How to Open a Fund
Opening a fund at the Montgomery County Community Foundation is quick and easy – in most cases, the fund is operational in less than 24 hours. It can be done by you on behalf of your client, or you may refer your client to us directly. Your client will receive a tax deduction at the time the fund is established and when additional contributions are made to the fund. The Process
Identify your client’s charitable purpose(s) or intent(s). This can range from highly specific – for example, an alma mater -- to general in scope, such as “general charitable purposes.”
Complete a simple governing document. Our staff will help you to complete an official document that makes your intentions clear.
Depending on the type of fund established, your client should designate current fund advisors such as yourself and spouse, and successor advisors such as your children. This information will be included in your governing document.
Activate the fund by making an establishing gift. Visit Options for Giving for details.
w Specify how grant disbursements should acknowledged. Donors may make a grant using their fund’s name or they may remain anonymous. w Make grants to any nonprofit organization across the United States and throughout the world.
For More Information
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A Regional Affiliate of The Community Foundation for the National Capital Region
