How to Open a Charitable Fund
What’s Your Giving Goal?
OUR TEAM CAN HELP YOU ACHIEVE IT.
We can work with you and your attorney, accountant or financial advisor to help you define your charitable vision, then create a fund to make your charitable goals a reality.
Three Ways to Get Started
Give our gift planners a call at 651.224.5463 or email philanthropy@spmcf.org. We can talk through any questions you have.
Have your wealth manager, tax attorney or other professional advisor reach out to us at 651.224.5463 or philanthropy@spmcf.org.
If you would like to open a donor advised fund, you can start a fund today by completing our downloadable form.
Explore Donor Advised Funds
A Flexible and Efficient Way to Organize Your Giving
A donor advised fund, also called a DAF, is a simple tool to streamline your charitable giving.
A DAF provides you with the flexibility to donate many types of assets into your fund. You can then recommend grants from the fund to several different causes and organizations you care about. Start a donor advised fund with the Saint Paul & Minnesota Foundation with a minimum gift of $10,000.
You focus on giving — we handle all the accounting, legal and investment services.
Other Charitable Fund Types
Designated funds provide long-term support to one or more charities that you name so that those organizations receive continued and reliable funding. You choose the nonprofits to support and we issue annual grants to those nonprofits — forever.
Each year, a percentage of the fund’s value will be automatically distributed to one or more nonprofits that you have preselected. The fund can receive contributions at any time. The nonprofits cannot be changed.
Minimum to Start: $25,000
Current Annual Distribution: 5%
Identify a charitable purpose (e.g., the arts, education) and/or a geographic area. We will find effective nonprofits and ensure that annual grants align with your intent.
Minimum to Start: $25,000
Current Annual Distribution: 5%
Make a permanent investment in the quality of life across the state. Every year, your legacy will make grants to worthy nonprofits addressing emerging and changing community needs.
Unrestricted funds provide the funding for our competitive grantmaking. See the nonprofits we fund.
Minimum to Start: $25,000
If you’re interested in opening a fund with more than $250,000 and would like your professional advisor to manage its investments, you may be interested in our Individually Managed Fund option. Contact our Gift Planning team for more information.
Talk to Our TeamFor nonprofit organizations, we offer endowment funds, provisional funds and designated funds that can support your nonprofit’s long-term financial stability and provide a stable income stream for generations to come.
View Endowment ServicesIf you would like to learn more about these fund types or discuss which is best for your giving goals, get in touch with our experienced gift planners at 651.224.5463 or philanthropy@spmcf.org.
Foundation Support Services
The Saint Paul & Minnesota Foundation is the partner of choice for private, family and corporate foundation support and solutions. When you partner with us, you and your team can let go of the complexities of day-to-day operations and focus instead on community impact.
With customizable structural relationships, we can offer a range of services including accounting and regulatory compliance, grant recommendation or processing, due diligence, investment services and more.
Ready to Start a Fund?
Get in touch with our experienced gift planners at 651.224.5463 or philanthropy@spmcf.org to discuss your charitable giving plan.