How to Open a Charitable Fund
What’s Your Giving Goal?
OUR TEAM CAN HELP YOU ACHIEVE IT.
When you open a fund with us, you will join a community of thousands of donors who are making an impact on the causes they care about most. We offer donor advised funds, as well as other types of charitable funds.
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 Charitable 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.
More Charitable Fund Options
Designated Funds
Simplify your giving with a designated fund at the Saint Paul & Minnesota Foundation. A designated fund allows you to automate your giving, reduce paperwork and provide for your favorite nonprofits long into the future.
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.
Minimum to Start: $25,000
Designated Education Funds
For many donors, ensuring our young people have access to world-class education no matter their background is essential. Many of us would like to support students at a specific school and to see that support grow as the cost of education rises over time.
A designated education fund at the Saint Paul & Minnesota Foundation allows you to do just that. Through a designated education fund, you can provide permanent financial support for students at a specific school to cover the cost of post-secondary education.
Minimum to Start: $25,000
Field of Interest Funds
Many of us have a particular charitable cause that is close to our hearts. A great way to create an impact around a specific topic or focus area is through a field of interest fund.
When you open a field of interest fund at the Saint Paul & Minnesota Foundation, you choose the area of impact (e.g. arts, education) and/or a geographic area to support what is most important to you. Then, aligned with your charitable intent, our knowledgeable, local staff identify the specific nonprofits that match your charitable giving goals and distribute grants to them annually.
Minimum to Start: $25,000
Unrestricted Funds
Many donors give to a variety of nonprofits and causes that have been important in their lives. As a donor, you may wonder what can be done to offer long term community support. What will be the community’s most important future needs? How can you plan now for the needs of future generations?
An unrestricted fund at the Saint Paul & Minnesota Foundation allows you to make a gift that will improve the quality of life for those living in your community — forever.
Minimum to Start: $25,000
Private and Family 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.
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.
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.