Starter Funds: A New Era in Accessible Philanthropy
Washington County, OH — Marietta Community Foundation is proud to announce the launch of "Starter Funds," a progressive initiative that redefines the entry point into long-term philanthropy, allowing donors to begin their charitable giving journey with greater flexibility and ease.
Starter Funds offer a special opportunity for donors to establish a donor-advised fund, even if they are not yet ready to meet the standard $2,500 minimum balance. This option is designed to make philanthropy more accessible for individuals and families who wish to gradually build their Fund over time while reaping immediate tax benefits.
Key Features of Starter Funds:
Flexible Fund Establishment: Begin your philanthropic journey with a minimum contribution of $1,000 or $500 with monthly payments, committing to reaching the $2,500 minimum balance within 36 months.
Incremental Contributions: Embrace a gradual approach with contributions at least once every 12 months, including the option for monthly installments.
Seamless Activation: Once the minimum balance is achieved, the Starter Fund is eligible for grant disbursement.
Closure with Grace: Should the minimum balance not be reached within 36 months, the existing balance transfers to the Friends of the Foundation Fund, with no further obligation for donors.
Heather Allender, President and CEO, expressed her enthusiasm about the launch:
“Starter Funds represent an exciting opportunity for people to begin their charitable journey with us sooner. By creating a starter fund and integrating giving as a regular habit, our neighbors can feel more fulfilled in their role as members of this community, knowing that their contributions will make a real difference. Overall, this initiative reflects our dedication to transforming lives, strengthening our community, and connecting people who care with causes that matter.”
Marietta Community Foundation invites aspiring philanthropists to explore the possibilities that Starter Funds bring to their charitable endeavors, enabling them to make a lasting impact on the causes that matter most to them, one step at a time.
