YOU:
- Make an initial contribution of $5,000 in cash or long-term appreciated securities to establish your fund
- Name the fund (e.g., Jane Smith Charitable Fund)
- Choose an asset allocation from our selection of investment portfolios
- Recommend grants to IRS-qualified public charities at any time
WE:
- Send you tax receipts for contributions to your fund
- Invest the proceeds, where they grow tax-free
- Mail checks to the qualified charities of your choice
- Provide quarterly statements and confirmation of grants made from your fund
Please refer to our Policies and Procedures booklet for a detailed explanation.