Establishing a Fund

Create a Lasting Impact, Your Way

Establishing a fund with CFHV is a meaningful way to support the causes you care about while creating a legacy that reflects your values.

Why Establish a Fund?

There are clear benefits to establishing a fund, reflected in these three main categories:

  • Personalized Giving: Tailoring a fund ensures alignment with your charitable goals, whether supporting a specific nonprofit, addressing a community need, or promoting a cause close to your heart.
  • Flexible Options: Funds allow you to give now or over time, support multiple causes, and involve your family in grantmaking decisions – a particular concern for younger generations interested in the direction of their family’s charitable giving.

“CFHV is the backbone of philanthropy in the Hudson Valley.”

Cynthia Lowe
Fundholder

  • Tax Advantages: You may enjoy immediate tax benefits from your fund while it grows tax-free through responsible and sustainable investments.

Types of Funds

We offer a range of fund options to suit your philanthropic vision:

  • Donor-Advised Funds: Donor-advised Funds (DAFs) empower donors to take an active role in their philanthropy by allowing you to recommend grant distributions to specific charitable causes and organizations. This personalized approach aligns giving with your values and priorities to maximize impact. Donors also benefit from the expertise of (CFHV) which currently manages 196 DAFs with more than $43 million in assets.
  • Designated Funds: Designated Funds ensure that donors direct charitable dollars to a specific nonprofit or educational organization/institution. These purpose-focused funds allow you to support causes you care most about while helping recipient organizations build long-term sustainability. CFHV manages 77 Designated Funds in excess of $30 million.
  • Field of Interest Funds: Field of Interest Funds allow donors to focus philanthropic giving on specific areas of interest. This includes the arts, education, the environment, or a particular geographic region or population. CFHV manages 47 Field of Interest Funds in excess of $15 million.
  • Scholarship Funds: Scholarship Funds allow donors to aid individuals pursuing educational and professional goals. CFHV manages over$9 million in over 120 scholarship funds, distributing $400,000+ annually to nearly 200 students and individuals across the Hudson Valley.
  • Unrestricted Funds: Unrestricted Funds allow CFHV to quickly and effectively respond to the most pressing and evolving charitable needs in our area. Established by donors, these funds empower us to support a broad canvas of issues and causes to ensure resources are directed where they are needed most. CFHV manages more than $11 million in Unrestricted Funds.

How it Works

  1. Start Your Fund: Work with our team to create a fund that reflects your vision. You can contribute cash, securities, real estate, or other assets.
  2. Grow Your Gift: Your fund is professionally managed to grow tax-free, ensuring maximum impact.
  3. Make a Difference: Recommend grants or let us handle the distribution to the causes or organizations that matter to you.

Ready to Get Started?
Our team is here to guide you through the process and ensure your fund aligns with your philanthropic goals. Contact us and start building a lasting legacy for Hudson Valley and beyond.