If you're ready, it's easy to start a fund now!
A named charitable endowment allows you to create a lasting legacy for you, your family, or to memorialize a loved one. Our professional development staff is ready to assist you in fulfilling your philanthropic vision.
| Of this corporate advised fund, Blount Fine Foods President F. Nelson "Todd" Blount explains, “The goal is that we, and that includes a team of employees, will work with the Rhode Island Foundation to determine where the money will go."
You can establish and name one of the following types of funds
Leaves the choice of grant recipients to the Foundation to meet the needs of the day.
- Field of interest
Targets an area of interest, such as the environment, education, or a geographic region.
Identifies one or more particular nonprofit organizations for perpetual support.
More than 150 scholarship funds currently are helping to educate our leaders of tomorrow. Scholarships may be either field of interest (to support students in specific communities or fields of study) or designated (for specific high schools and/or colleges/universities).
- Donor advised
Enables a donor and named successors to recommend nonprofit organizations to receive grants.
- Corporate advised
Allows a corporation to recommend nonprofit organizations to receive grants.
- Organizational endowment
Enables a nonprofit organization to receive grants and take advantage of professionally managed investment and greater security.
- Supporting Organization
For private foundations and larger donors, creates a separate public charity like a “subsidiary” of the Rhode Island Foundation, benefiting from the Foundation’s community knowledge and professional philanthropic services.
You can give any of the following
A cash gift is the easiest to give, and your contribution will qualify for maximum deductibility for income and estate tax purposes.
Stocks, bonds, or mutual funds may be used to establish, or add to, a fund. If your securities have appreciated, it is to your advantage from a tax-perspective to give them to the Foundation rather than to sell them and contribute the proceeds to the Foundation.
- Real estate
The Foundation will accept, on a case-by-case basis, gifts of real estate unencumbered by a mortgage and appraised at $250,000 or more.
The Foundation accepts other complex or hard to value assets on a case-by-case basis.