Establishing a Named Fund

We offered two types of named funds:

1. Permanently Endowed Funds:

   You may choose to create a named fund to express your charitable interests in perpetuity. Endowed funds can be created during one's lifetime or by testamentary gift. They direct annual support to a specific issue the donor determines (i.e. children's health, etc.) Endowed funds are named by the donor to reflect a family name or charitable interest or to honor a family member, friend or colleague. The initial minimum amount to establish a named fund is $100,000.

2. Donor Advised Funds:

   For individuals seeking active involvement in philanthropy, Donor Advised Funds create a working partnership with the Foundation. You are able to make specific recommendations for grants to nonprofit organizations. Donor Advised Funds are fully expendable - you may recommend grants from both income and principal.

   Along with maximizing tax benefits, you will be free from the details of financial management, reporting and other paper work. The initial minimum amount to establish a donor-advised fund is $100,000.
   

Steps for Starting a Fund

Starting a fund at the CMA Foundation is an easy process. Please contact us (at 916-551-2562) if you have any questions. We look forward to working with you!

1. First, decide how you would like to make the contribution to establish your fund at the CMA Foundation. You can contribute cash, securities, property or other assets valued at $100,000 or more (other arrangements could also be made). You can also arrange for the establishment of a fund through your estate planning such as your will, retirement plan, or a charitable instrument such as a Charitable Remainder Trust.
   
2. Select a name for your fund. You may want to use your own name, the name of a family member or perhaps you would rather the fund remain anonymous.
   
3. If you choose to establish an Advised Fund, designate individuals to serve as fund advisors such as yourself, your spouse, and/or your children.
   
4. If you choose to establish a Permanently Endowed Fund you will want to be thinking of areas of interest you want to benefit through your giving, including any criteria that may be necessary. The CMA Foundation will assist you in making these suggestions and specifications.
   
5. Complete and sign a simple establishing document.
   
6. We handle all of the administrative details.
   
7. Receive a tax deduction at the time the fund is established and where additional contributions are made to the fund.