Donors with strong ties to particular organizations can establish designated funds in order to provide them with enduring support. Your gift becomes an endowed fund of Berkshire Taconic Community Foundation, which will support the charity of your choice as long as it exists.
Designated funds can provide much-needed income to schools, historic sites, houses of worship, arts groups, town activities, animal shelters and many other kinds of organizations and causes.
A designated fund is an excellent way to make a significant gift to a nonprofit without burdening that organization with the management of an endowment. It also ensures that the designated fund remains intact as an endowment and is never spent out.
If the designated organization ceases to exist, loses its tax-exempt status or changes its mission, BTCF can redirect support for a purpose as close as possible to your original intentions.
Minimum to open an endowed designated fund: $25,000
As a public charity, we assess fees to help us expand philanthropy in our region and support our leadership and collaboration on high-impact initiatives to benefit our communities.
In the above photo, George Vollmuth holds a photo of his late wife Janet Langlois, whose lifelong pursuit of learning led her to establish a designated fund for her beloved local library.