Giving that Creates Meaningful Impact
Whether you have a crystal-clear concept of what you hope to accomplish with your philanthropy or an idea that’s only beginning to take shape, GTCF has the expertise and tools to help you achieve your philanthropic goals.
A designated fund provides support to your favorite charitable organizations in perpetuity, or over a set number of years. With an endowed designated fund, you can be confident that your gift will provide a lasting legacy to sustain your favorite nonprofits. Should an organization you’ve designated cease to exist, GTCF will ensure that the funds are redirected to an organization meeting your charitable intent so that your generosity will continue to benefit the community in the way that you envisioned.
A donor advised fund is a charitable giving account created by an individual or family and used to support charitable causes recommended by the donors and their successors. This option provides great flexibility for giving during your lifetime and allows you to leave the gift of philanthropy to future generations. Donor advised funds are typically quick and easy to set up. You can download a donor advised fund agreement here:
This video webinar from KNKX features GTCF Senior Director of Philanthropic Services, Evelyn Ryberg, offering an in-depth exploration of Donor Advised Funds.
Field of Interest
A field of interest fund allows you to make an impact in specific fields over time. You identify a specific or broad interest area (such as education, the arts, or animal welfare) and GTCF ensures effective grantmaking within that field as the needs change over time. This type of fund allows your grantmaking to evolve as the needs within the field do, and gives you peace of mind knowing that GTCF will be there to identify the best nonprofits in the issue area you have selected to ensure your legacy lives on.
Establishing an unrestricted community fund (the same as an unrestricted fund) allows donors to support the most pressing and often changing needs of Pierce County, now and in the future. This allows GTCF to distribute these funds to nonprofit organizations that best serve the community’s pressing needs.
Donors specifically interested in promoting educational opportunities often establish scholarship funds. Scholarships may support any level of education and can be directed toward students attending a particular school, studying a particular subject or field, based on need or merit, or coming from a particular geographic area or community.
Charitable Remainder Trust (CRT)
A Charitable Remainder Trust or CRT is a planned giving vehicle that provides immediate tax benefits and generates income for a term of up to 20 years or lifetime income for beneficiaries. GTCF’s Philanthropy Team can give you more detailed information about scenarios where a CRT can generate income while achieving your philanthropic impact.
Download The Giving Guide, an easy reference guide to what we offer.
There Are Many Ways to Give
- Create a charitable fund
Provide grants to causes and organizations that matter most to you by starting a charitable fund.
- Donate to the community
By making a gift to Greater Tacoma Community Foundation you are helping to bring together people, data and resources to address some of our communities’ most pressing challenges and most promising opportunities.
- Donate to an existing fund
From the environment to the arts, there are a number of funds that you can support.
You can make a gift online to these existing funds.
- Make a planned gift
Make a planned gift in the form of a bequest, charitable annuity or remainder trust. Without affecting your financial security you can either specify a dollar amount, a particular asset, or a percentage of your estate. Planned gifts are recognized with membership in GTCF’s Legacy Society.
Make a lasting impact in our community for generations by completing a Legacy Memorandum of Understanding.
Setting Up a Fund
Starting a fund at GTCF is a personalized process that helps you:
- Consider what issues and organizations matter most to you
Do you care about the environment? Want to support the arts or help youth be able to afford higher education?
- Decide what to give
GTCF accepts outright gifts, including cash, securities and life insurance, as well as real estate, memorial gifts, charitable remainder trusts and charitable gift annuities.
- Choose the type of fund you would like to establish
Do you want to be directly involved in your grantmaking decisions? Would you prefer GTCF direct your grantmaking based on the guidelines you’ve established?
- Decide whether you would like to endow your fund
With an endowed fund we preserve the value of your gift while each year giving out a portion in charitable distributions to causes you care about.
- Set up a fund
Once a fund type has been chosen, you name the fund and we complete an agreement to finalize the process and set up an account. The minimum amount to establish a fund is $10,000. Find GTCF’s Administrative Fee Schedule here.
- Choose an appropriate investment option for your fund
Assets in your fund can be invested in a variety of investment options depending on the type of charitable giving timelines of your fund.
Explore GTCF’s Investment Pools here.
Individually Managed Funds are available for donors with Donor Advised Funds over $1M.
Complex Gifts are another investment option for your fund other than cash and marketable securities.
Your philanthropic advisor at GTCF will help make the appropriate choice when investing your charitable funds.
Once a fund is established, you may:
- Add to the fund at any time in any dollar amount.
- Decide how to distribute funds through the grantmaking process.
- Contact GTCF for assistance in learning more about the needs of our community.