Individuals who wish to pursue a charitable passion, honor a loved one, or establish a family tradition of giving can design a fund to suit their needs. Any of these funds can be established in your name, or in the name of your family, your organization, or anyone you wish to honor. All grants distributed from the fund you establish — today and in the future — are then awarded to charities in the name of that fund. It’s a great way to always be involved with, and remembered for, your community investment.
CFOC offers a variety of fund options, and we are available to discuss the option that best meets your philanthropic objectives among the fund types described below.
Our funds are created with a minimum gift of $10,000. CFOC encourages donors to establish these funds without restriction on the use of the original donation (non-permanent), but we also can accommodate funds that are designed to last and grow in perpetuity (permanent). In the case of permanent funds, the CFOC Board of Directors establishes a spending rate that is in accordance with federal and state rules for endowments.
The CFOC, in cooperation with the Community Foundation of Herkimer & Oneida Counties, Inc., will handle all paperwork, reporting and bookkeeping in connection with the funds that CFOC donors establish.