Opening a fund is simpler than you think
You can open a donor advised fund online in approximately 10 minutes, or you can work with us directly to set up any type of fund in just a few days. In either case, a Philanthropic Advisor will follow up to welcome you, answer questions, and help you begin making grants.
What to expect
- Review your options
Look over our types of funds, investment options and policies so you know which choices you will make. - Complete the online application
A five-step form collects everything we need to open your fund. Your progress is saved as you go, so you can pause and come back at any time. - Make your first contribution
Start a gift of at least $5,000 using any of our accepted assets. The gift becomes irrevocable once your application is approved. If it is not approved, we will return your contribution. - Sign your fund agreement
We will prepare your fund agreement and send it to you electronically for your signature. - Meet your Philanthropic Advisor
Your advisor will confirm we received your application, answer any questions and finalize the details of your contribution. - Start giving
Once your fund is active, you can recommend grants anytime through the Fund Portal.
What you'll need to begin
Have this information ready for each person who will advise your fund.
- Full name and address
- Date of birth
- Social security number, transmitted securely, for identity verification
- A name for your fund, and details of your first gift
Prefer to consult with us first?
If you would like to open a different type of fund, give a complex asset, or simply learn more about your options, we are glad to meet by phone or in person.
FAQs about starting a fund
Can I open other types of funds online?
Designated, field of interest, scholarship and other funds involve a few more decisions, such as eligibility criteria or the organizations your fund will support. Contact a Philanthropic Advisor and we will walk you through the process and prepare your fund agreement together.
Can I open a fund with an affiliate foundation?
When you complete the application, choose the Gloucester Community Foundation, Mathews Community Foundation or River Counties Community Foundation. Your fund will be administered by our team and support the community you choose.
Can my financial advisor be involved?
Your advisor can join your conversations with us, help decide which assets to give, and make sure your fund fits your overall financial and estate plans.
Who can advise on my fund, now and later?
Everyone you name as an advisor can recommend grants and view fund activity. You can also name successor advisors, or tell us where your fund’s grants should go after your lifetime. You can update these choices at any time.
Connect With An Expert
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