Open a Fund

The Coastal Georgia Foundation is composed of endowed and non-endowed funds, established by those who wish to create a charitable legacy that benefits causes they care about most in our region. We can help you establish any of the following different types of funds as well as many others. Each provide for significant tax advantages in the present with the certainty of long-term philanthropy.  For certain funds, the Charitable IRA Transfer affords an ideal tax-saving mechanism to fund your philanthropy. Learn More

Donor Advised Funds

This is the Foundation’s most flexible and popular fund allowing the donor to make grant recommendations to a broad range of charities. Donors work with the Foundation staff to identify ways to use monies from their funds to address the community needs they care about most. In addition, the funds can be passed on to successor advisors for an unlimited time period, allowing future generations to be involved in funding decisions.  Essentially, a DAF looks and feels like your own professionally staffed private foundation, but with better tax benefits, greater flexibility, fewer expenses, and without the worries of accounting and investment management. With a minimum of a $10,000 to establish a Donor Advised Fund, or $50,000 to establish an endowed advised fund (permanent) - donors and their children, if desired, advise or recommend grants from their fund to create a lasting, impactful philanthropic legacy.

Sample Fund Agreement (DAF) 

Donor Advised Handbook

Funds and Fees

Designated Funds

Local and regional recipient charities are named at the establishment of the fund. This may be a good option for those who wish to contribute to several specific charities through one gift. Designated funds may be established with a minimum gift of $25,000 and may be endowed or not.

Sample Fund Agreement

Unrestricted Funds

Donating to the Foundation’s general fund allows the donor to give back to the community in a general way, rather than supporting a particular organization or cause. The funds meet everchanging community needs and support the Foundation’s broader grantmaking initiatives. As worthy needs or emergencies arise, these funds ensure that financial resources are available.

Field of Interest Funds

This type of fund allows the donor to designate funds to a particular charitable cause to meet a particular need. Areas of interest such as education, youth services, health and human services, arts and culture, faith-based initiatives, the environment and animal welfare are defined by donor priorities.

To establish these funds, the Foundation accepts various types of assets, including cash and appreciated property, publically traded stock, closely held stock and/or real estate. The Foundation also accepts deferred or planned charitable gifts including bequests, life insurance, trusts, annuities, retirement accounts, life estates and other options. At your direction, we are pleased to work on your behalf with your attorney, tax professional and/or financial advisor to carry out your wishes.

Agency Endowment Funds

Nonprofit agencies may create endowment funds for the benefit of the agency itself and receive grant distributions annually in perpetuity. May be established with a minimum gift of $10,000.

Scholarship Funds

Donors may establish a scholarship fund for students with defined characteristics and may participate in the selection process as a member of a committee. Donors may establish a scholarship fund for a particular college or school and allow the school to select the recipient scholar.  Scholarship Funds are generally endowed and may be established with a minimum of $100,000, and a balance of $100,000 must be maintained for the awarding of scholarships.

Non Endowed Agency Funds

Not-for-profits may create a non-endowed fund with $100,000 and make annual grants from the fund. Any annual distribution request must be at the $10,000 level or above.

Contact Us To Open A Fund