start A FUND
If you have a passion for giving, Blue Grass Community Foundation can help you make the most effective, impactful use of your resources to benefit the community and achieve your philanthropic goals.
Opening a charitable fund at Blue Grass Community Foundation is a simple, quick process. To learn more about the benefits of opening a fund, click here. We accept a wide range of assets, providing you the ultimate flexibility in charitable giving. Our staff of professionals will walk you through every step when you’re ready to get started.
Benefits of opening a charitable fund at the Community Foundation.
HERE’S HOW IT WORKS:
Step 1: Choose your fund type
We have several different fund types to match your giving goals. First, decide whether you want your fund to be endowed, enhancing your legacy and benefiting the causes you care about today and long into the future, or non-endowed. Next, choose a fund type to support your individual passions, whether they are specific to one charity, or more broadly focused on a field of interest. Our staff is here to offer you personalized service to align your giving goals with the right charitable vehicle.
Step 2: Complete a fund agreement
Our staff will work with you to complete a fund agreement for your new charitable fund. We will personalize it to meet your charitable goals.
Step 3: Give to your new fund
Giving to your new charitable fund is easy! Funds can be established with a wide range of assets. Your fund is able to accept all kinds of gifts, from securities to real estate. You will receive the maximum tax deduction allowed by law for your gift and we will handle all the transaction details. Gifts to endowed funds may be eligible for Endow Kentucky Tax Credits.
Now for the fun part—making grants from your new charitable fund! You're ready to start making a difference in your community! Your new charitable fund is the starting place for making your visions for giving real.