In the Designated Fund, you name a particular charity or charities to benefit from the fund. Each year, HCF distributes grants to those charities according to your specifications and HCF’s spending policy. You have the assurance of knowing that, if the organization you selected ceases to exist or the purpose of the grant cannot be met, HCF’s Board will preserve your original intent by redirecting the fund toward the closest similar use.
The designated fund is ideal if:
- You want to make a substantial gift to a charity that does not have a professional investment management capability.
- You want to make a substantial gift to a new, small, or struggling organization.
- You wish to support a particular charity but want third-party oversight to ensure that the gift is used as you intend it to be used.
- You want to support several named charities through one substantial gift.