Establishing A Fund
Gift plans create opportunities for both the Festival Foundation 
and Donors. Determining what gift is right for you is just as
important as making the gift. Consider what you wish to accomplish for yourself and your family; your charitable interests; and your overall estate and financial plans.
1. Define philanthropic goals and financial objectives
• What issues or causes do you find most compelling or meaningful?
• Are there tax or estate planning issues you are interested in addressing?
2. Select a fund that matches your goal and objectives
Donor Advised - Offers great flexibility and allows you to play an on-going role by recommending grants to charitable projects of an organization or scholarship situation.
Field of Interest - Supports specific programs, initiatives, causes, or geographical area. While restricted to specified areas, this type of fund allows for flexibility to respond to changing community needs.
Designated - Supports a specific charity for a set period of time or in perpetuity, depending on your preference and level of investment.
Scholarship - Provides financial assistance for students at any educational level or program of study.
Agency: Allows a non-profit organization to use the Foundation, as its fiscal agent, protect its endowed monies for future needs, ensure a consistent source of annual income, and fulfill its mission into perpetuity.
Unrestricted: Allows the Festival Foundation Board of Directors to prepare and present grants to respond to the ever changing needs of the community as it relates to education, agriculture, arts and culture, and historic preservation.
3. Answer the following questions as it relates to your donation:
• Which type of fund would best meet your philanthropic objectives?
• Will your fund be endowed or non-endowed or a combination of both?
• How involved will you like to be in the grant making or scholarship award process?
4. Decide how much to contribute to your fund:
• Calculate your planned donations for this year and future years
• Consider inviting others to join your selected fund (additions may be made at any time)
5. Determine whether you would like to designate advisors to your fund other than the Festival Fund Board of Directors
6. Complete a Gift Instrument, an official document that establishes your fund and activities the fund will be involved with
