Creating a new fund at the Washington County Community Foundation can easily be accomplished. But first, there are several questions that must be answered:
 | What will the name of the fund be? |
| Will the fund be a Discretionary, Designated, or Donor-Advised Fund? |
Discretionary Funds support the changing and emerging needs of the community. The annual distribution decision is entrusted to the WCCF Board of Trustees. Discretionary funds are used to support projects in the areas of the arts, education, the environment, health, human needs and religion.
Designated Funds specifically benefit the donor's charities of choice or a cause in which the donor believes strongly. This designation is made at the time the fund is created.
Donor Advised Fund - enable donors to maintain the ability to recommend annually the charitable causes they wish to benefit from the fund.
| What assets will be used to create the fund? |
| - Cash | - Charitable Remainder Trust |
| - Appreciated Securities | - Charitable Lead Trust |
| - Real Property or Tangible Assets |
- Charitable Gift Annuity |
| - Bequests | |
| - Life Insurance |
| In what time frame will the fund be created? The minimum amount for a named fund is $5,000. The donor may take up to 5 years to accumulate this amount. |
| Will other donors be permitted to contribute to the
fund? |
| What distribution will be used for the fund? |
Distribution may be fixed dollar amount or a specified percentage of market value. When not specified, the WCCF Board of Trustees annually determines the percentage payout within IRS regulations.
Once these questions have been answered, an agreement will be drafted to spell out the terms of the fund. After the agreement has been executed and the minimum contribution of $5,000 received, the fund will officially exist and will continue to do so in perpetuity.