Donors use designated funds to make regular grants to one or more specific charitable organizations for a set time or in perpetuity.
Fundholders simply establish the fund with an agreement that instructs the Delaware Community Foundation staff on what cause(s) or organization(s) they wish to support — including libraries, churches, schools and other nonprofits — and the DCF distributes grant money from the fund each year in accordance with the donor’s directions. The donor can change the allocations at any time.
To create a designated fund, give a gift of cash, securities or other property valued at $15,000 or more to the DCF and realize immediate tax benefits. You may add to your fund at any time. The DCF handles all other aspects of the fund, including managing and invests the assets, provides regular reports, and handles all administrative requirements, allowing you to focus on your philanthropy. Our professional staff includes experts in charitable giving and local charitable needs to help you make funding decisions. The DCF delivers the funds to the identified charities, either in your name or anonymously.
All funds are charged fees based on the DCF’s Fee Schedule.
For more information, contact Joan Hoge-North, 302.504.5224.