Start a New Fund

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.


Corporate advised fundholder Todd Blount with employees of Blount Fine Foods

“Partnering with the Foundation helps us to fulfill our commitment to support the community," said Ryan Clark, president and CEO of The Town Dock, in establishing this corporate advised fund.

You can establish and name one of the following types of funds

  • Unrestricted
    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.
  • Designated
    Identifies one or more particular nonprofit organizations for perpetual support.
  • Scholarships
    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.
  • Organization 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

  • Cash
    A cash gift is the easiest to give, and your contribution will qualify for maximum deductibility for income and estate tax purposes.
  • Securities
    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.

Donor stories

Field of interest fund

John Duhamel

John Richard Duhamel Fund for Animals

“There are so many animals out there that need homes. You can’t save them all, but I want to do what I can to make an animal’s life better," states John Duhamel.

Designated Fund

Joanne Fitts

John & Lillian Clegg Charitable Fund

“Lillian and I came from humble beginnings, and we’re happy with how things turned out for us and that we’re able to help others," says John Clegg

Donor advised fund 

Joanne and Richard Friday

Brightman Hill Fund

Of their decision to transfer assets to the Rhode Island Foundation, Ed Wood explains he and his wife, Linda, are looking forward to having "the joy of recommending the grants."

Organizational endowment

Boys & Girls Clubs of Warwick

Saint Elizabeth Community Fund for Quality Eldercare

“We have the most extensive array of services for older adults of any senior care provider in Rhode Island," notes Steven J. Horowitz of Saint Elizabeth Community.


LocationOne Union Station
Providence, RI 02903


(401) 274-4564

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