How to Open a Fund

Establishing a fund at The Community Foundation for Ireland gives your client the satisfaction of giving back to the community in a simple and flexible way. An individual, family, company, or private foundation can establish a fund. The Foundation provides donors with all administrative services related to the fund, including tax documentation, record keeping of all fund activity and investments, and grant distributions to charities.

Steps to opening a named fund

You and your client decide which fund option works best for the client. In making this decision, you may consult with our experienced staff.
The donor completes a simple fund contribution form naming the fund and establishing its purpose. If it is a Donor Advised Fund, the donor names the current fund advisors and also may name successor advisors such as children. The donor transfers assets/monies to The Foundation based on minimum required contributions. Please call the office for instructions.

Once the fund is established

The donor receives an income tax charitable deduction each time additional contributions are made to the fund.
The Foundation invests the assets as part of the overall endowment in line with CFI investment principals.
The Foundation makes grants from the fund in the fund name (or anonymously, if the donor requests) and in accordance with its purpose.
The donor receives statements of the fund's activity, including the fund balance and details of grants made.
Gifts may be added to the fund at anytime through outright gifts f cash or shares, proceeds of an asset sale by bequest, or other form of planned gift.

For more information, please contact Niall O'Sullivan, Head of Fund Development on 01 874 7354 or by email nosullivan@foundation.ie