Setting up a Named Fund

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Setting up a Named Fund

Setting up your own charitable fund with Sussex Community Foundation is a rewarding and exciting way of supporting the local community, today and over the long term.

A fund provides all the benefits of having a charitable trust, but removes the burden of appointing trustees, handling investments and dealing with correspondence.

You can set up a fund in your own name, or company name, and choose which issues or areas the fund will support. If you wish, you can set up a fund while remaining completely anonymous.

Sussex Community Foundation will manage the fund on your behalf, and give grants to local good causes in line with your wishes. You and your family can be involved as much or as little as you wish in decisions about where the money goes.

It is easy and quick to set up a fund. Standard agreements can be quickly tailored to your wishes. Annual management fees are very low and setting up a fund brings considerable tax advantages for individuals and companies.

The Foundation undertakes all the administration of the fund, including accounting, compliance with charity legal requirements and returns to the Charities Commission. You can draw on our local knowledge and expertise when deciding which causes to support.

Our service to you

We aim to understand your interests and concerns and we will do our best to meet them. The Community Foundation can take all the hassle out of charitable giving by:

Investing your money wisely in a well-managed portfolio
Recovering tax on your donation
Dealing with all the appeal letters
Finding projects that match your charitable interests
Awarding grants quickly and efficiently
Auditing and monitoring projects which receive your grants
Keeping you in touch with community issues

The Community Foundation has a small professional staff team, with experience of the charity world, to advise and help you and we make a small management charge for this service.

Acknowledgement and involvement

All Named Fund Holders

Receive the SCF newsletter and other occasional publications
Receive acknowledgement in the Annual Report, Website and Foundation publicity (unless they wish to remain anonymous)
Are invited to an annual event to include presentations from the Community Foundation and from organisations receiving grants
Are invited to local community visits to see charities supported by The Foundation and learn more about the needs and opportunities of a specific area. This gives donors the opportunity to see for themselves the difference their philanthropy is making to local communities.

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