Many donors find named funds to be a simple and flexible solution for meeting philanthropic goals. Here’s why:
It is also easy to make a grant from a named fund. Annually, we will issue a statement on fund performance. Your client may suggest grants at these regular intervals, or by simply contacting the Foundation at their convenience. All grants are made in the name of the fund, and charities are encouraged to thank the donors for their generosity.
Named funds are normally established with a minimum gift of $25,000. However, we can open a fund for a lesser amount if there is a plan in place to bring the fund up to the required minimum within a 5-year period. Most of our named funds are endowed, but you may also create a fund that spends a portion or all of the fund principal.
Please contact the WCCF at (724) 222-6330 or via email for more information