Children in the Garden

OPEN A FUND

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Open A Fund

GIVING IS PERSONAL.

You have a vision. Now how do you put it into action? At GGHF, you have options. Your fund may start small and grow; may be given over time; may be a targeted investment or an unrestricted gift – there are as many ways to fund your philanthropic strategy as there are philanthropists.

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AMPLIFY YOUR CHARITABLE IMPACT.

Whether to create a stronger community, advance a worthy cause, or expand opportunities, we are here to provide access to the people, resources and issue-area expertise to help bring your unique vision to life.

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SETUP A FUND

Working with GGHF advisors allows you to examine your options and make the choices that best fit your aspirations. Through a range of fund options, we help simplify the process of giving for individuals, families, corporations and nonprofits, maximizing tax benefits and increasing the power of every charitable gift.

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ADMINISTRATIVE FEES

Like funds held by all community foundations, those held by the Greater Gig Harbor Foundation are charged a minimal annual service fee. In exchange for this fee, fund holders receive a variety of benefits.

GGHF offers an administrative fee structure that is cost-effective and supports our best-in-class services to fund holders to assure the greatest philanthropic impact in the community. Fees help to cover costs associated with a range of services including fund management, investment oversight, annual tax filings, due diligence review of grantees, administration, and fund distribution.

 

GGHF provides quarterly reports of fund income, expenses and grantmaking for each fund. Fees are charged quarterly and are based on each Fund’s average market value using the average of 12 trailing quarters.

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INVESTMENTS

For any fund, you select your investment option – to achieve maximum return, minimal risk, or maximum social and environmental outcomes.

Funds can also be established as part of your legacy or estate planning. For more information on setting up a fund that will impact our community in the future, see the Heritage Fund. We are happy to assist you with your planned giving.

COMMON QUESTIONS

HOW MUCH DOES IT COST TO HAVE A FUND? 

WHO INVESTS THE ASSETS OF MY FUND AND HOW ARE THEY INVESTED?

WHAT IS THE MINIMUM GRANT SIZE I CAN RECOMMEND?

IS FUNDRAISING FOR A DONOR ADVISED FUND PERMITTED?

HOW DO I START A FUND?

HOW MUCH CAN I GIVE ANNUALLY FROM MY FUND?

HOW DO I RECOMMEND A GRANT FROM THE FUND?

WHAT HAPPENS TO A CHARITABLE FUND AFTER ALL OF ITS ADVISORS HAVE PASSED?