Are you fundraising for a great cause? One that will better the lives of those deserving in your community? The Spano Foundation can help provide your organization with the resources that will provide an immediate, substantial impact.
Starting a fund takes a few steps and a little bit of work, but the rewards are worth it!
Get Ready to Impact Lives!
When you choose to give through the Spano Foundation, you will positively affect the lives of individuals and/or families in need by helping individuals and/or groups serve an impactful mission.
Starting a fund is simple, flexible, fast and easy. These are the steps:
Name Your Fund
A fund is usually named for the donor, donor’s family or as a memorial to a friend or family member.
Decide on the Charitable Purpose of Your Fund
Our most popular funds are donor-advised funds. These types of funds allow you to participate in the grant-making process each year by suggesting grant recipients.
You may also choose to dedicate your fund to the support of one or more specific charitable organizations or to a field of charitable interest e.g. performing arts or needy children.
Make a Donation to Open Your Fund
You can use cash, securities, real estate or other property.
There is no minimum amount as long as you make a commitment to bring the fund to $5,000 within five years.
Sign a One-Page Document Setting up Your Fund
That’s all there is to it. Once your fund reaches $10,000, charitable grants will be made annually.
You can find a list of local individuals and families who have established donor-advised funds here and a list of funds started to benefit particular organizations or fields of charitable interest here.
The Foundation’s mission is to positively affect the lives of individuals and families in need by providing a healthier, sustainable quality of life and by helping individuals/groups with their philanthropic passions by turning them into an impactful mission.
By aligning or setting up your fund with the Spano Foundation you will increase the impact of your mission by reaching more potential donors.
Not a 501(c)3 organization? No problem. As long as the purpose of your fund is to better the lives of those in our community you can be part of the Foundation.
The Spano Foundation endeavors to be the destination for donors and nonprofits that are passionately committed to creating systemic change in the Mahoning Valley and nationwide. We aim to address the root causes of this community’s most pressing issues by supporting organizations dedicated to making this a better place for all of us.
Passion for Progress
Over the years, the Spano Foundation has successfully helped community members turn visions into meaningful change. We are passionate advocates for investing here at home to provide individuals and/or families in need with the resources necessary to realize a more sustainable life.
We understand that every individual, family and the corporate donor has unique interests, assets, and circumstances, and we are dedicated to maximizing the impact of their generous gifts. Our Foundation specialists can help you identify a cause, develop a program to research nonprofits, and help make site visits if needed. We meet you wherever you are on your philanthropic journey.
The centerpiece of our personalized services is expertise in planned giving, which helps donors ensure that their generosity continues to change lives for generations to come. Planned giving allows the Foundation to honor donors’ intentions as they impact ever-evolving challenges and establish a legacy that lives on in perpetuity.
Additionally, we will customize funds, from scholarships to donor-advised funds, that allow for flexibility and a host of solutions for your giving.
For more information or to Start a Fund, contact the Spano Foundation at Info@SpanoFoundation.com.
Explore Giving Opportunities
Regardless of what passion moves you to take action, we can help find or create a resource for transforming your philanthropic dream into a meaningful reality that evolves with you, your family and your needs.
The Spano Foundation is here to address the complex challenges and unleashes the extraordinary potential of uniting the power of charitable giving and innovative strategies to improve the sustainable quality of life.
Our expertise ensures our donors are able to maximize the impact of their giving. Our track record of sound investments ensures those generous gifts are able to continue creating meaningful change into the future.
We believe that our “passion” approach, combining with expertise, knowledge of the landscape, compassion, and service fosters a true partnership. Our model adds value and benefits to donors, advisors, recipients, and the community at large.
We have a variety of fund classifications available to help meet specific donor objectives. We can provide advice, assistance, and materials to help advisors and their clients understand their options – from funding assets to investment portfolios and more.
- Donor Advised Fund: This giving vehicle provides donors with great flexibility and immediate tax benefits and allows you to support the charities and projects of your choice through grant recommendations on your own timetable.
- Field of Interest Funds: Creating a field of interest fund is best when you are passionate about a community issue and want the flexibility to support it in perpetuity, without necessarily committing your funds to a specific organization.
- Restricted Fund: Enables you to support specific organizations through regular grants without having to perform recommendations manually.
- Scholarship Fund: You can support students of any age, background or education level by selecting from different fund options to design your own scholarship criteria and overall level of involvement.
Start a Fund
By partnering with the Spano Foundation, donors will join a long tradition of sustaining lives, uplifting communities and fostering positive social change right here in the area and around the nation. Our range of services makes us an ideal partner for transforming any philanthropic dream into a reality.
Inquire about Administrative Fees and Starting a Fund.
Donor Tools & Resources
One of our goals at the Spano Foundation is to empower donors. We can provide customized research and advice that is designed to enhance your giving effectiveness. We also have special grant-making tools and resources to help you evaluate nonprofit organizations and research the organizations that best fit your giving goals.
- Review an organization’s tax return (990) or financials on Guidestar. Learn valuable tips on effectively evaluating nonprofits through this article from Forbes Magazine.
- Compare nonprofits or learn more about their internal workings with Charity Navigator.
- Consult the IRS for nonprofit addresses and up to date standings using the IRS Charity Database.
- Search for tax forms and other legal filings for Ohio nonprofits through the State of Ohio Attorney