Create Your Own Fund

Unlike setting up your own private foundation, establishing a fund is simple and can be accomplished in less than a day. Below are the basic steps involved in creating your own named ICF fund.

STEP 1 Choose Your Fund

There are two basic types of funds:
Endowed – Permanent funds established to provide long-term support; assets are invested and only a small portion is available for annual distribution.

Non-endowed – Temporary, fully-expendable funds that can be invested in five different ways and allow for immediate distributions and maximum flexibility.

The Fund Comparison Chart link below can help you get started on selecting the fund that will best achieve your charitable goals. ICF staff is available to assist you. For more information on each individual fund option, please click here.

Fund Comparison Chart

STEP 2 Choose Your Timing

A donor may decide to create a fund now or establish it as part of his or her estate. By giving now, a donor can experience the impact and joy that giving will have during his or her lifetime. By including ICF in an estate plan, a donor can create a philanthropic legacy. All gifts are eligible for tax deductions and grants awarded from the fund will continue long into the future.

Click Here for more information about creating a fund through estate plans.

STEP 3 Choose How

Funds can be created with many different kinds of assets including:

  • Cash, Checks or Money Orders
  • Appreciated Property
  • Tangible Personal Property
  • Private Foundation Transfer
  • Bequests
  • Qualified Retirement Plans
  • Life Insurance
  • Charitable Gift Annuity
  • Charitable Remainder Trust
  • Charitable Lead Trust

Click Here for more information on the types of gifts ICF accepts. 

STEP 4 Execute an Agreement

Once you’ve determined what kind of fund you want to create, when to establish it and with what assets, ICF staff will assist you in drafting and executing a fund agreement that outlines your specific wishes and instructions. Both ICF and you will sign two copies of the agreement in the presence of a notary, and each receives an original agreement for their records.

Please contact the ICF staff in your area for additional information to get your fund agreement started:
Treasure Valley: Kris Kamann (208)342-3535
East Idaho: Tina Therp (208)982-1448
North Idaho: Charlie Miller, (208)699-4249

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