How to Set Up a Fund
Think about your charitable passions. Do you want to fight poverty? Support green jobs? Help children forge a better future? Nurture the arts? Make Long Island a better place? Whether your interests are broad or narrow, you can support them through a fund in the Long Island Community Foundation.
Decide when to give. Do you want to establish a fund for giving today? Would you like to defer your gifts through a will or planned giving vehicle? You can do either or both.
Decide what to give. We accept cash, publicly traded stock, retirement plan assets, closely held stock, copyrights, and life insurance. We also have significant experience accepting charitable remainder trusts and charitable lead trusts.
Choose a fund. LICF offers various types of funds: Field-of-Interest, Unrestricted, Donor-Advised, and Designated.
Set up a fund. When you've made your decisions, you name the fund. Donor-advised funds can be set up in a day. You will want to talk with your legal or financial advisor about a beqeust or deferred gift. We're happy to help and can provide the legal language to your advisor. We have funds that were started with millions, but our minimum is $5,000.
Read our step-by-step instructions on creating a fund »