Establish a Fund

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Establish a Fund

Creating a fund at the Spano Foundation is an easy and effective way to invest in the health and vibrancy of the region and across the country. In a few easy steps, you can begin to put your charitable dollars to work in the areas that are most important to you.

When you establish a fund with the Spano Foundation, you have the opportunity to:
1. Give today or ensure your legacy through planned gifts
2. Receive Foundation support with all facets of your charitable giving plan
3. Provide ongoing support for your favorite nonprofit organizations
4. Recommend grants to different organizations at your convenience
5. Make your own choices or consult with us to identify community needs

Start Your Fund

When you choose to give through the Spano Foundation, you will positively affect the lives of people in need by helping individuals and groups serve an impactful mission. Starting a fund is simple, flexible, fast, and easy. These are the steps:

  1. Determine your charitable objectives.
    Tax or estate planning? Just sold your business or exercised stock options? Are you looking to celebrate or memorialize a loved one? Whatever your motivation, we can help when you’re ready to give.
  2. Choose a type of fund.
    We offer several types of funds, depending on your charitable goals.
  3. Make a Donation and Determine what assets to contribute.
    You may donate several types of assets to establish a fund. We have experience in handling gifts, from simple to the most complex.

Alternatives to a Private Foundation

Donor advised funds offer better tax deductions than private foundations. The Spano Foundation’s staff also can work with you to identify and assess local charities, verify their nonprofit status, and provide input on community needs.

With a supporting organization, you work with us to appoint a board that oversees investments and grantmaking, while the Spano Foundation provides the administrative support.

Fund Application Form

A charitable fund with the Anthony V. Spano Foundation allows donors to potentially realize the greatest tax benefits of charitable giving while flexibly supporting their favorite charities over time.

To open a fund, simply complete this form, which should take 5-10 minutes. Upon receipt of your application, the Spano Foundation staff will contact you to finalize your new fund agreement. Once reviewed and approved, all applications and agreements received in good order will be opened within 2 business days.

The minimum initial contribution depends on the fund you select, and you may fund the account at any time within 2 weeks of your application submission. Once your account is funded you may begin recommending grants.

By opening this charitable fund online and clicking the NEXT button below, you confirm that you have agree setting up a fund with the Spano Foundation and that all donated assets become the property of Anthony V. Spano Foundation, a nonprofit organization.