When Should You Open a Fund?

Consider opening a fund if:

• You have at least $10,000 (or $20,000 for scholarship funds) to contribute.
• You’ve recently received a windfall, such as an inheritance.
• You’ve sold a business and wish to give back.
• You want to honor or memorialize a loved one.

Types of Charitable Funds

At the Richland County Foundation, we offer several fund options to suit your philanthropic goals:

• Donor Advised Funds
  Ideal for individuals, families, businesses, or groups who want to stay actively involved in recommending grants. These funds are flexible, cost-effective, and simpler to manage than a private foundation.
• Agency Funds
  Created by charitable organizations to ensure long-term financial stability. Agencies benefit from professional asset management, allowing them to focus on their mission and constituents.
• Designated Funds
  Provide annual support to specific charities chosen by the donor. Even if a designated organization ceases to exist, the Foundation ensures your original intent is honored.
• Field of Interest Funds
  Focus on broad areas you care about—like education, children’s programs, the arts, seniors, or homelessness. You select the focus, and we ensure your generosity makes an impact.
• Scholarship Funds
  Empower financially deserving Richland County students to pursue their education. Many donors use these funds to honor or memorialize loved ones. You can even set guidelines for schools or fields of study.