Designated Funds
Provide Long-Term Support
Designated funds provide long-term support to one or more charities that you name so that those organizations receive continued and reliable funding. You choose the nonprofits to support and we issue annual grants to those nonprofits — forever.
Meet Ken & Nina
Ken and Nina R. grew up during the Great Depression without much money. Later, Ken became a successful businessman while Nina worked in the public sector. Their experiences, combined with their longtime enjoyment of the arts, have shaped their philanthropy, and they established three funds at the Saint Paul & Minnesota Foundation.
Through their donor advised fund, they support the community today, and their children will continue the family’s philanthropy. Through their designated funds, to be funded through their estate plan, they will continue to support several small nonprofits with annual gifts — forever.
Want to amplify your impact in a tax-efficient way?
If you’re 70 ½ years of age or older, you can make a qualified charitable distribution from your IRA to a designated fund. Contact us to learn more.