Establish a Fund
Starting a fund is easy, and helps you both with your charitable goals and, potentially, with tax savings. Pride Foundation offers scholarship, donor-advised, area-of-interest and designated funds.
Funds Offered by Pride Foundation:
Donor Advised Funds
Pride Foundation’s donor-advised funds are a convenient and strategic way to give. You make one gift to your donor-advised fund at Pride Foundation, and then make recommendations on your own schedule for disbursements to organizations you care about. As an added benefit, organizations receiving grants from your fund must sign Pride Foundation’s non-discrimination policy, ensuring they treat everyone equally regardless of sexual orientation or gender identity. Having a donor-advised fund is almost like having your own foundation, but without the administrative burden.
Supporting the education of future LGBTQ and straight allied leaders is important and one of the most popular ways to do this is by establishing a scholarship fund. You can determine the scholarship criteria, which might include geographical region, field of study, heritage, academic achievement, economic need, and more. Many scholarship donors are involved in the scholarship process, and enjoy hearing from the scholars about their life goals and experiences. Read about the scholarship funds Pride Foundation currently offers and learn more about the scholarship program here.
As a donor, certain types of organizations or particular geographical regions may be near to your heart. An area-of-interest fund allows you to specify your interest and then leave the grantmaking decisions in the hands of one of Pride Foundation’s community grantmaking committees. These committees are continually reviewing the best responses to our community’s needs, and can target those that will best fulfill your ideals. You can endow an area-of-interest fund, if you choose, to ensure that the changing needs of your area of interest will be thoughtfully funded after your lifetime.
Perhaps you have a strong connection with one or more nonprofit agencies. If so, a designated fund, particularly an endowed fund, is a wonderful way to provide support during and after your lifetime. This fund is especially powerful if you want to release smaller organizations from the administrative and investment burdens of managing an endowment, or if you want to use a large gift to support more than one organization. You specify the organization(s) that will benefit from the fund.
Our Change the Future brochure will tell you more about all the funds Pride Foundation offers to help you determine which will work best for you.
We’d love to hear your questions and help you figure out if a giving fund is right for you. Please contact Jody Waits, Director of Community Giving, or by calling 1.800.735.7287.
Here are some additional documents about starting a fund: