Establish A Fund

Establish A Fund

Start a Fund

Creating a fund within Unity Foundation of La Porte County is an easy process. By working with you individually, as well as your financial advisor, our staff  is able to customize a fund to achieve your philanthropic goals. Continue reading to learn more about establishing a fund.

1. Meet with Foundation staff to discuss philanthropic goals.

2. Determine organization, institution, or cause to benefit from the fund.

3. Determine restrictions that may be placed on the fund’s income.

4. Unity Foundation of La Porte County will ensure that benefiting organization is qualified to receive grants according to IRS regulations.

5. Unity Foundation of La Porte County will draft an endowment fund agreement.

6. Founder of fund will review the endowment fund agreement outlining purpose of the fund to assure that charitable desires are correctly defined.

7. Founder of the fund will sign the fund agreement and make contribution to establish the fund ($5,000 minimum).

8. Unity Foundation of La Porte County Board will review and approve the fund agreement.

9. Fund will be invested with Foundation’s endowment pool, increasing its earning power.

10. When the fund balance reaches $5,000, assuming it has been invested for no less than one year, the fund may begin making grants from the generated income. The organization has the annual option to reinvest the income to help grow the fund.

11. A fund statement will be sent on an annual basis showing all fund activity for the prior year.

Start a Fund

Creating a fund within Unity Foundation of La Porte County is an easy process. By working with you individually, as well as your financial advisor, our staff is able to customize a fund to achieve your philanthropic goals. Continue reading to learn more about establishing a fund. Contact us to get started!

1. Meet with Foundation staff to discuss philanthropic goals.

2. Determine organization, institution, or cause to benefit from the fund.

3. Determine restrictions that may be placed on the fund’s income.

4. Unity Foundation of La Porte County will ensure that benefiting organization is qualified to receive grants according to IRS regulations.

5. Unity Foundation of La Porte County will draft an endowment fund agreement.

6. Founder of fund will review the endowment fund agreement outlining purpose of the fund to assure that charitable desires are correctly defined.

7. Founder of the fund will sign the fund agreement and make contribution to establish the fund ($5,000 minimum).

8. Unity Foundation of La Porte County Board will review and approve the fund agreement.

9. Fund will be invested with Foundation’s endowment pool, increasing its earning power.

10. When the fund balance reaches $5,000, assuming it has been invested for no less than one year, the fund may begin making grants from the generated income. The organization has the annual option to reinvest the income to help grow the fund.

11. A fund statement will be sent on an annual basis showing all fund activity for the prior year.

Unity Helps to Grow Your Fund

Unity Foundation of La Porte County offers the following services to assist you in growing your fund:

1. Marketing materials and fund promotion documents

2. Responding to inquiries from potential donors

3. Meeting with major gift prospects

4. Managing complicated gifts (real estate, stock, etc.)

5. Acknowledging all gifts to the fund

Non-Profit Operating Endowment Funds

Nonprofit operating endowments (also referred to as Nonprofit Endowments) are set up by nonprofit organizations to provide an ongoing stream of operating money to support their work for generations to come. Nonprofit operating endowments may also be established by donors who choose to generously benefit a particular charitable organization.

Community foundations are ideal partners to help nonprofits set up and build a Nonprofit Operating Endowment fund. Our staff will work with a nonprofit organization to build a basic plan to grow their endowment fund, help make donor calls, and respond to inquiries. Unity Foundation’s staff and professional legal counsel will also provide support in securing more gifts to any nonprofit endowment fund.

Benefits of Non-Profit Operating Endowment Funds

Economical

Even small nonprofit organizations can benefit from professional investment management, including diversification and lower investment fees.

Efficient

A fund can be established using a simple fund agreement. An nonprofit endowment is a simple mechanism for accepting planned gifts, such as bequests and charitable trusts.

Easy

The organization is not responsible for investing the assets or for any record keeping.

  • Meet with the Foundation staff. We can provide you with the facts and benefits of the Nonprofit Operating Endowment Fund.
  • Determine organizational readiness. It is highly recommended that the Nonprofit Board complete a staff and board assessment to determine organizational readiness.
  • If, after assessment, the Board determines that it is prepared to establish an endowment fund, members will meet with Unity Foundation of La Porte County staff to discuss.
  • Unity Foundation of La Porte County will ensure that the nonprofit is qualified to receive grants according to IRS regulations.
  • Unity Foundation of La Porte County will draft an endowment fund agreement.
  • The Nonprofit Board will review, sign, and return the agreement to Unity Foundation of La Porte County with a contribution to establish the fund (No minimum is required, but a fund must have a minimum $10,000 balance to generate a grant).
  • The fund will be invested with the Foundation’s endowment pool, increasing its earning power.
  • When the fund balance reaches $5,000, assuming it has been invested for no less than one year at the Foundation, the fund may begin making grants from the generated income to the establishing organization. The organization has the annual option to reinvest the income to help grow the fund.
  • A fund statement will be sent on an annual basis showing all fund activity for the prior year.

  • Presentations to your board
  • Marketing materials and fund promotion documents
  • Responding to inquiries from potential donors
  • Meeting with major gift prospects
  • Managing complicated gifts (real estate, stock, etc.)
  • Acknowledging all gifts to the fund

  • Meet with Foundation staff to discuss their philanthropic goals.
  • Determine nonprofit to benefit from the fund.
  • Determine restrictions that may be placed on the fund’s income.
  • Unity Foundation of La Porte County will ensure that benefiting organization is qualified to receive grants according to IRS regulations.
  • Unity Foundation of La Porte County will draft an endowment fund agreement.
  • Founder of fund will review the endowment fund agreement outlining purpose of the fund to assure that charitable desires are correctly defined.
  • Founder of the fund will sign the fund agreement and make a contribution to establish the fund.
  • Fund will be invested with Foundation’s endowment pool, increasing its earning power.
  • When the fund balance reaches $5,000, assuming it has been invested for no less than one year, the fund may begin making grants from the generated income. The organization has the annual option to reinvest the income to help grow the fund.
  • The donor will receive a fund statement on an annual basis showing all fund activity for the prior year.