How to Start a Fund
Starting an endowment fund is easy!
New funds are constantly being created within the Community Foundation of Chippewa County. It is easy to establish a named endowment. We can help you start an endowment fund in a few easy steps:
1. Give Us a Call
Call the community foundation office at 715.723.8125 to schedule an appointment to discuss your charitable goals. We will work directly with you and your financial advisor to customize a charitable plan that will help you enhance the quality of life in your community and offer you significant tax advantages.
2. Decide the Type and Purpose of Your Fund
We offer a wide variety of fund types to satisfy your charitable giving needs now and in the future. As a donor, you may designate specific charitable distributions to any qualified not-for-profit organization, including churches and schools. You may establish broad areas of charitable interest, or you may ask the foundation to make grants on your behalf, where community need is greatest. View types of funds.»
3. Name Your Fund
Many donors choose to name their fund with their family's name, or as a memorial to a loved one. If you wish to remain anonymous, we suggest you select a name that reflects your fund's charitable interest. Once you select a name, our staff will help you complete a Letter of Agreement.
4. Determine How Much to Give
Establish a fund either with a direct contribution, through a legacy gift, or both. Depending on the type of fund you choose, a minimum initial gift of $10,000 or $25,000 in cash, appreciated securities, closely held stock, real estate, or other real property will endow your fund immediately, but you may also choose to start with a smaller amount. Start a Seedling Fund with as little as 10 percent ($1,000 or $2,500) of the minimum and build it over time. Once the fund reaches the endowed minimum, your fund can begin producing income for your favorite charities and will continue to do so forever.