Starting a Fund:
 Starting a Donor fund is very straight forward. There is a two page agreement to sign. An individual, family, business, nonprofit organization, or private foundation can open a fund with as little as $10,000 and receive all of the benefits available from a community foundation. These benefits, in addition to major tax advantages, include administrative and record keeping services, timely distribution of grant recommendations, and assistance in identifying grant opportunities. What is more, a donor fund is pooled for investment purposes with all ECCF donor fund assets into a managed investment portfolio to ensure the best possible return on investment. Link to Investment & Financial Information
To open a fund, follow these three simple steps:
Step 1. Decide which fund option works best for you. ECCF's staff can assist you in selecting the appropriate fund to meet your interests and needs. Link to Types of Funds
Step 2. Complete the two-page agreement. If opening a Donor Advised Fund, list the advisors who will be making grant recommendations. You can also name successor advisors to the fund. Link to Draft Agreement
Step 3. Transfer the assets you plan to give to the ECCF. Link to What to Give
Once the donor fund is established, you receive an immediate tax deduction, the ECCF invests the assets, and you can begin to recommend.
Click here to learn more about establishing a donor fund at ECCF
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