Establish a Fund 

Creating a fund at the Community Foundation is an easy and effective way to invest in the health and vibrancy of the Richmond region. In a few easy steps, you can begin to put your charitable dollars to work in the areas that are most important to you.

When you establish a fund with the Community Foundation, you have the opportunity to:

• Give today or ensure your legacy through planned gifts
• Receive Community Foundation staff support with all facets of your charitable giving plan
• Provide ongoing support for your favorite nonprofit organizations
• Recommend grants to different organizations at your convenience
• Make your own choices or consult with our staff to identify community needs

Start Your Fund

We are proud to work with individuals, families, businesses and nonprofit organizations to meet their unique charitable goals. We provide flexible options to ensure your fund is tailored to you and what you wish to accomplish.

1. Determine your charitable objectives.
   Tax or estate planning? Just sold your business or exercised stock options? Are you looking to celebrate or memorialize a loved one? Whatever your motivation, we can help when you're ready to give. 
2. Choose a type of fund.
   We offer several types of funds, depending on your charitable goals.
3. Determine what assets to contribute.
   You may donate several types of assets to establish a fund. We have experience in handling gifts, from simple to the most complex.

Alternatives to a Private Foundation

Donor advised funds offer better tax deductions than private foundations. The Community Foundation's staff also can work with you to identify and assess local charities, verify their nonprofit status, and provide input on community needs.

Download Options for Private Foundations [PDF]

With a supporting organization, you work with us to appoint a board that oversees investments and grantmaking, while the Community Foundation provides the administrative support.