Here for Good… Forever

Designated Funds

Establishing a Designated Fund is a wonderful way to give back to one or more specific organizations that have touched your life. You can establish a legacy of support for the good work of a favorite nonprofit or nonprofits in perpetuity.

It’s Easy

A Designated Fund is a personalized fund that makes it easy for you to support the causes and organizations you care about. You can use cash, stock, or other assets to create a named fund and qualify for an immediate income tax deduction. We will then regularly distribute grants to the charities you identify when the fund is created.

Consider a Designated Fund if you:

  • Seek to create a legacy or support for your favorite causes.
  • Want to avoid administrative hassles of charitable giving—from keeping receipts for tax records to simply sending a check regularly.
  • Want to support specific organizations regularly and in perpetuity.
  • Appreciate the efficiency of regular distributions sent by Community Foundation of Greater Huntsville to your designated charities.

Enhance the Power of Your Giving

Your gift provides more than just funding – your favorite organization(s) will benefit from the Community Foundation’s investment stewardship and ability to manage endowment funds. Because we handle the details, the nonprofit recipient is free to focus on its mission. And, the Community Foundation can facilitate complex asset donations, such as planned gifts or gifts of appreciated stock or real estate. If the organization you select ceases to exist or changes in mission, your fund can be redirected so that it continues to address your charitable intent.

Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.

How it Works

  • You identify an organization(s) or cause that you wish to benefit.
  • You make a gift to the Community Foundation - you can give cash, appreciated stocks, real estate, or other assets.
  • We set up a special fund in your name or in the name of the nonprofit organization you choose.
  • You receive tax benefits in the year your gift is made.
  • We issue grants to the designated nonprofit organization.
  • We handle all the administrative details, including managing specific qualifications that you may establish for grant disbursements.

Our team of giving professionals is experienced, knowledgeable, and focused on the goals of your giving while honoring donor intent. We share a passion to help your generosity do the most good. If you are interested in setting up a designated fund, contact us at Giving@CommunityFoundationHSV.org.