Set up your own named Charitable Fund without the hassle
A donor-advised Fund with Kent Community Foundation (KCF) offers an individual, family or business all the advantages of creating their own named Charitable Fund, but without the administrative burdens and obligations associated with setting up and managing a charitable trust.
Fund-holders can be involved as little or as much as they wish in the grant-making process. KCF agrees with the donor the purpose and priorities of their fund from the outset (e.g. creating opportunities for young people) and typically, prepares a short-list of ideas from which the fund-holder advises grants they wish to be made. Many fund-holders choose to involve members of their family in grant-making decisions and an important benefit of a named fund with KCF is that it can be passed on to the next generation.
A Named (donor-advised) Fund with Kent Community Foundation can be set up in two ways:
As an Endowment Fund
Minimum donation of £100,000
For philanthropists who want to provide a lasting legacy for their local community and perhaps pass the heritage of giving on to the next generation of their own family, then endowed Funds are extremely powerful. An endowed fund is invested to produce an annual income which is distributed as grants each year.
As a Flow through Fund
Minimum donation of £25,000 for a named fund
If a long term commitment is unsuitable, then a Fund-holder can put their money to work straightaway through a flow-through fund which is distributed in full over a set period of time. This can be set up as a one-off fund or as an on-going fund that is topped up regularly, usually annually.
If a long term commitment is unsuitable, then a fund-holder can put their money to work straightaway through a flow-through fund which is distributed in full over a set period of time. This can be set up as a one-off fund or as an on-going fund that is topped up regularly, usually annually.
Alternatively, donors can pool their contributions through our Funding Priorities.
Benefits of setting up a named fund through KCF
- It is like establishing your own charitable trust, without the legal and administrative burdens
- We work with small charities where a modest amount of money can make a significant difference – and you can visit local projects to see them in action
- It is an easy, convenient and tax effective way of giving
- KCF offers opportunities to work with other funders and give collaboratively. You can also remain entirely anonymous if you wish
- With over 20 years of grant-making experience and excellent local networks, you can trust KCF to handle the entire grant-making process; managing applications, due diligence and follow-up
What’s great about Kent Community Foundation is that it ensures that we are helping genuine cases of need. The team has put us in touch with causes that we would never have come across because there is such a wide range of needs that exists in our community. We have been able to help so many children and families whose brave and inspiring stories couldn’t fail to move you. It is incredibly rewarding for us to see first-hand the impact of our giving. It makes us realise how fortunate we are and what a great privilege it is to be able to reach out to help others in this way.Paul Rooney, The Rooney Foundation