Types of Charitable Funds
Choose the fund that matches your philanthropic goals and personal interests.
Assets held in all of Greater Horizons' charitable funds are invested and grow tax-free. You choose how your fund is invested, whether that’s in our investment pools or with your financial advisor.
Want to Keep Your Giving Options Flexible? Open a Donor-Advised Fund
A donor-advised fund is a charitable giving account that is used to support the charitable organizations you care about. When you contribute cash or complex assets to a donor-advised fund at Greater Horizons, your contribution is tax deductible. Your funds can be invested for tax-free growth and you can recommend charitable grant recipients on your timeline. Learn more or open a donor-advised fund today. If you are an employer, you may also be interested in our corporate donor-advised fund.
Want your own legal entity? Establish a Supporting Organization
A supporting organization is a public charity that supports other charitable organizations. A supporting organization is a popular alternative to a private foundation because of the flexibility and services we provide.
Contact email@example.com to learn more about establishing your own supporting organization.
Want to Support a Specific Charity? Open a Designated Fund
If you have a favorite charity that is near and dear to your heart, a designated fund might be the perfect fit. A designated fund lets you support one specific organization. Setting up a designated fund to receive your contributions gives you the freedom to donate to the charity on your timeline. You can set up additional designated funds if you wish to support more than one charity.
You can make a qualified charitable distribution from your IRA to a designated fund if you are 70.5 or older.
Want to Provide Long-Term Support to a Charity with a Reserve or Endowment Fund? Check Out an Agency Fund
An agency fund is typically set up by a charity to benefit that charity. Learn more about agency funds.
Want to Support Students’ Educational Pursuits? Create a Scholarship Fund
You can support education through a scholarship fund that invests in deserving students from pre-K through postgraduate.
You can set the award criteria and serve on a selection committee to choose the scholarship recipients.
- Promotes the scholarship opportunity
- Accepts applications
- Verifies students’ eligibility
- Processes scholarship payments
The minimum amount required to open a scholarship fund at Greater Horizons is $100,000.
You can make a qualified charitable distribution from your IRA to a scholarship fund if you are 70.5 or older.
To set up a scholarship fund, contact us at firstname.lastname@example.org. You can also download our sample Scholarship Fund Agreement to review the information we will need.
Want to Give Beyond Your Lifetime? Set Up a Field-of-Interest Fund
You can create and preserve your charitable legacy through a field-of-interest fund. A field-of-interest fund is aligned with a distinct program area or community. These funds are typically created by individuals, families and organizations who want to ensure their charitable dollars are used for targeted giving.
Contact email@example.com to learn more about establishing a field-of-interest fund.