Ways to Give - Establish a Fund
When you establish a fund at Pride Foundation, you make strategic decisions about the change you want to make in our community. Starting a fund at Pride Foundation is easy, and helps you both with your charitable goals and, potentially, with tax savings. Pride Foundation offers scholarship, donor-advised, area-of-interest and designated funds.
Funds can be established through outright donations, planned gifts, or a bequest in your will. Starting a fund is a great way to honor someone, living or gone. Groups of people with a common interest can start a fund that will address an issue they care about.
Types of Funds Offered by Pride Foundation:
Donor Advised Funds
Pride Foundation’s donor-advised funds are a convenient and strategic way to give. You make one gift to your donor-advised fund at Pride Foundation, and then make recommendations on your own schedule for disbursements from the fund to organizations you care about. As an added benefit, organizations receiving grants from your fund must sign Pride Foundation’s non-discrimination policy, ensuring they treat everyone equally regardless of sexual orientation or gender identity. Having a donor-advised fund is almost like having your own foundation, but without the administrative burden.
Donor Advised Grant Recommendation Form.doc
Scholarship Funds
Supporting the education of future LGBT and straight allied leaders is important to many Pride Foundation donors. One of the most popular ways to do this is by establishing a scholarship fund, often one that reflects your particular interests. You can create the scholarship criteria, which might include geographical region, field of study, heritage, academic achievement, economic need, and more. Many scholarship donors are involved in the scholarship process, and enjoy hearing from the scholars about their life goals and experiences.
Area-of-Interest Funds
As a donor, certain types of organizations or particular geographical regions may be near to your heart. An area-of-interest fund allows you to specify your interest and then leave the grantmaking decisions in the hands of one of Pride Foundation's community grantmaking committees. These committees are continually reviewing the best responses to our community’s needs, and can target those that will best fulfill your ideals. You can endow an area-of-interest fund, if you choose, to ensure that the changing needs of your area of interest will be thoughtfully funded after your lifetime.
Designated Funds
Perhaps you have a strong connection with one or more particular organizations or agencies. If so, a designated fund, particularly an endowed fund, is a wonderful way to provide support during and after your lifetime. This fund is especially powerful if you want to release smaller organizations from the administrative and investment burdens of managing an endowment, or if you want to use a large gift to support more than one organization. You specify the organization(s) that will benefit from the fund.
Download our “Change the Future” brochure for more information on starting a fund at Pride Foundation, or contact Zan McColloch-Lussier, Director of Community Giving at zan@pridefoundation.org or 1-800-735-7287.
Here are some additional documents about starting a fund:
