Create Your Own Fund

Creating a permanent fund at the Washington County Community Foundation can easily be accomplished, often within one day.  If you are interested in creating a named fund, consider the following questions.

What will the name of the fund be?

Funds are often named in memory or in honor of a loved one.

What type of fund will it be? 

What charitable cause will it support?

Permanent Funds ($25,000 minimum)

Discretionary Funds (Unrestricted Grant-making)

Discretionary Funds support the changing needs of the community.  Grants are awarded in the following areas: arts & humanities, education, environment & animal welfare, health & fitness, human needs, and religion & faith-based.

Designated Funds

The designation is made at the time the fund is created.  Funds may be designated as follows:

  • Specific Agency
  • Field of Interest (same interest areas as Discretionary Funds)
  • Geographic (supports charitable activities in defined geographic area)
  • Scholarships (scholarships may be targeted to a specific school, for a specific segment of the population, for a specific field of study, etc.)

Donor Advised Funds

Donor or designee may annually recommend the charitable cause to be supported.

Agency Endowments

Agency Endowments created by a charitable not for profit for its own benefit).  The minimum amount must be contributed in lump sum, although additional contributions may be forwarded in any amount.

Pass-Through Funds

Named funds can be established that allow a gift to the Washington County Community Foundation to "pass through" to their favored charity. This may be appropriate when anonymity is important, unique property is used to make a gift, many gifts are planned for a single asset or in other unusual circumstances.

What is the time frame in which the fund will be created?

Donors may take up to five years to accumulate the requisite amount for Discretionary, Designated and Donor Advised funds. 

What assets will be used to create the fund?

  • Cash
  • Securities
  • Bonds
  • Real Property
  • Tangible Assets
  • Bequest
  • Retirement Plan
  • Life Insurance
  • Charitable Gift Annuity
  • Charitable Remainder Trust
  • Charitable Lead Trust

What fees are charged?

There is no fee to create a new fund. Once the fund is created, there is an annual administrative fee charged to each fund. The fee is a percentage of the fair market value of the fund as of December 31, averaged over a 3-year period. Currently the administrative fee for permanent funds range from 1% to 2%.

Please contact the WCCF at (724) 222-6330 or via email to discuss your charitable objectives.