Creating a charitable fund with the Outer Banks Community Foundation is an easy, flexible, and effective way to make a lasting impact on the community and fulfill your charitable goals.
We manage more than 140 diverse charitable funds totaling $13 million in assets. Although each fund has a unique name, history, legacy, and purpose, they all share the same broad goal of improving lives and meeting local needs in Dare County and the Outer Banks.
Any individual, family, business, nonprofit organization, civic group, or private foundation can open a fund. Here’s how to do it:
- Our staff will meet with you to learn about your charitable goals, explain how it works, and help you select the type of fund that best fits your interests. You name the fund, determine the fund purpose, and, if it’s a donor-advised fund, select the fund’s advisors.
- You will sign a short fund agreement, which the Community Foundation board approves and signs. This agreement is the permanent governing document for your fund.
- Most of our funds start at $5,000, which can be contributed over three years. We can accept a range of contributed assets — please see What to Give, and Ways to Give for more information. Some donors choose to complete the fund paperwork in their lifetime but activate their fund with a gift by bequest; this ensures that we have their wishes in writing whenever that time comes.
Want to learn more? Contact us to schedule an appointment.
Here’s some more information on creating a fund:
More information on giving:
Top of page: William and JoAnn Small (center of picture) celebrate the creation of the William and JoAnn Small Family Fund with the Community Foundation’s 2013 officers (left to right: Sharon Elliott, Avery Harrison, Bob Muller, and Ed Olsen). The Small Family Fund is a donor-advised fund.