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Establish a Fund 2018-11-16T17:10:29+00:00

Establish a Fund

The Community Foundation helps individuals, families, nonprofits and corporations achieve their philanthropic goals. Setting up a named charitable fund is easy to do and can be completed in less than a day. Grants from our funds accomplish our mission of enhancing the vibrancy and livability of the greater Wausau area. Whatever your giving goals might be, the Community Foundation can create a fund to help you make the most of your philanthropy.

How it Works:

– Select a fund option that suits your philanthropic goals best

– Contribute to open the fund by cash, appreciated stocks, real estate, or other assets.

– Make grant disbursements to charitable causes

“Establishing a fund with the Community Foundation is a simple, powerful, and highly personal approach to giving and a great way to always be involved with, and remembered for, your community investment. When you give, you get so much more in return.”

William & Mary Nell Reif
Owners of Wausau Coated Products

Something for Everyone

Fund options are tailored to you and what you wish to accomplish. Some donors prefer to support the broad, ever-changing needs of the community. Others wish to have more hands-on involvement in grantmaking. And there are options in-between. All funds provide the opportunity to create a lasting legacy that carries on your name or the name of a loved one.

Donations made to a Community Enhancement Fund enable the Community Foundation’s experienced program staff and board of directors to do what they do best – assess community needs and respond by awarding grants to nonprofit organizations that undertake our community’s most critical work. Community Enhancement Funds help your Community Foundation support long-term solutions, respond quickly to urgent needs, and meet ever-changing needs in your local community.

How to Start a Community Enhancement Fund

When you establish a Community Enhancement Fund, your gift addresses a broad range of local needs – including future needs that often cannot be anticipated at the time your gift is made. The flexibility of your gift enables your Community Foundation’s program experts to respond to the community’s most pressing needs, today and tomorrow.

HOW IT WORKS

  • You make a gift to your Community Foundation during your lifetime or through a bequest in your will. You can give cash, appreciated stocks, real estate, or other assets.
  • We set up a special fund in your name, in the name of your family or business, or in honor of any person or organization you choose.
  • You receive tax benefits in the year your gift is made.
  • Our professional program staff determines the areas of community need that would be most impacted by grants from your gift.
  • Our board issues grants in the name of the fund you establish (if you prefer, grants can be made anonymously).
  • We handle all the administrative details.
  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.

Community Enhancement Funds Administered Within the Community Foundation

  • Wausau·Marathon County Fund1987
  • Nils Folke, Jr. & Jean B. Becker Legacy Fund 2013
  • Edward & Lois Drott Legacy Fund 2016
  • George L. Geisler Trust Fund2005
  • James & Susan Lundberg Fund2017
  • Caroline S. Mark Legacy Fund2005
  • Orville E. & Geraldine L. Peterson Family Fund2004
  • Marvin & Ruth (Rudie) Schuette Fund2009
  • Clarion G. & Irene B. Sternberg Fund2002

The Wausau•Marathon County Fund

The Wausau•Marathon County Fund, established in 1987, is a flexible resource that enables the Foundation to address our community’s most pressing needs in the areas of education, the arts, health and human services, and the preservation of historical, cultural, and natural resources.

The fund is cultivated by generous donors through outright gifts or as part of their wills or estate planning. Donations become a permanent resource for innovative projects and programs that have a lasting and positive impact on life in Wausau and Marathon County.

A Donor Advised Fund can be used to establish a charitable legacy in your name, your family’s name, for your organization or business, or to honor a colleague or loved one. People with a wide range of community interests have discovered that the Donor Advised Fund is an ideal vehicle for fulfilling their charitable wishes. In establishing a Donor Advised Fund, the donor retains the right to serve as an advisor, making grant recommendations for consideration by the Foundation’s Board of Directors. It is a simple, powerful, and highly personal approach to giving and a great way to always be involved with, and remembered for, your community investment.

How to Start a Donor Advised Fund

Opening a Donor Advised Fund allows you to make a gift to your Community Foundation, then remain actively involved in suggesting uses for your gift.

HOW IT WORKS

  • You make a gift to your Community Foundation – you can give cash, appreciated stocks, real estate, or other assets.
  • We set up a special fund in your name, in the name of your family, business, or foundation, or in honor of any person or organization you choose.
  • You receive tax benefits in the year your gift is made.
  • You recommend uses for the fund – working with our professional program staff to support the causes and organizations you care about most.
  • Your recommendations are presented anonymously to our board for approval.
  • We handle all the administrative details and issue grants to charities in the name of the fund you establish (if you prefer, grants can be made anonymously).
  • If you choose, your gift can be placed into an endowment that is invested over time. Your gift – and all future earnings from your gift – would become a permanent source of community capital, helping to do good work forever.
A Restricted Fund established at your Community Foundation is a fund designated to benefit a specific charitable organization or philanthropic purpose. Donors to these funds can be assured that their contributions will be used to benefit their interests. Depending on the goals of the organization, a Restricted Endowment Fund can be established to provide for the future. Capital contributions are invested, not spent, and the earnings from the investments are used to provide a permanent source of revenue.

How to Start a Restricted Fund

Establishing a Restricted Fund allows you to support the good work of a specific nonprofit organization. Because it’s given through your Community Foundation, your gift provides the organization you select not only funding, but planned giving and investment management services and the power of endowment.

HOW IT WORKS

  • You identify an organization that you wish to benefit.
  • You make a gift to your Community Foundation – you can give cash, appreciated stocks, real estate, or other assets.
  • We set up a special fund in your name or in the name of the nonprofit organization you choose.
  • You receive tax benefits in the year your gift is made.
  • Our board issues grants to the designated nonprofit organization.
  • We handle all the administrative details, including managing specific qualifications that you may establish for grant disbursements.
  • You receive updates on the impact the fund is making.
  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.

How to start a Scholarship Fund

In creating a Scholarship Fund, you invest in your community’s future and show students you care. Your Community Foundation provides the expertise to help you meet your personal goals and awards scholarships to deserving students. Your gift can help students – from preschool to postgraduate – achieve their lifetime dreams.

HOW IT WORKS

  • You make a gift to your Community Foundation – you can give cash, appreciated stocks, real estate, or other assets.
  • We set up a Scholarship Fund in your name, in the name of your family or business, or in honor of any person or organization you choose.
  • You receive tax benefits in the year your gift is made.
  • Our professional program staff helps you to determine eligibility requirements for the scholarship you establish – whether they are based on a student’s field of study, academic achievements, extracurricular activities, financial need, background, or geography.
  • We handle all the administrative details – and award scholarships to deserving students in the name of the fund you establish.
  • Your gift is placed into an endowment that is invested over time. Earnings from your fund are used to make grants to students that meet your specific criterion. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.

Project Funds benefit a specific community fundraising effort within a defined time period. You can be assured your gift will go directly to meeting the needs of that particular project.

We recommend that you contact your financial advisor to discuss the benefits of including the Community Foundation in your tax and estate plans. It’s your legacy.