Establishing an Organizational Fund at the Cleveland Foundation

It seems that just when a charitable organization is needed most by its constituents, funds from private, philanthropic and government resources become all the more difficult to obtain. Forward-thinking board members and staff of charitable organizations are discovering the need to establish stable investments that look to the long-term needs of their organizations. An organizational fund through the Cleveland Foundation can serve both as part of an organization’s funding mix and as a long-term growth strategy.

Organizational Partner Benefits

Cleveland Foundation staff can assist your organization in establishing an organizational fund. The benefits of establishing a Cleveland Foundation organizational fund include: 

  • Access to large investment pools with low fees and proven strong investment stewardship
  • Planned giving expertise and sophisticated giving vehicles such as charitable gift annuities, charitable remainder trusts and charitable lead trusts
  • Positive brand affiliation with the foundation by virtue of having an organizational fund backed by the services and reputation of the Cleveland Foundation
  • Assigned donor relations advisor providing customized services, including access to the foundation’s Advancement team with decades of legal, tax, grantmaking and development experience

The foundation also offers its organizational fund partners secure online giving directly to their fund through the foundation’s “Give Now” menu. All gifts are income tax deductible at the highest levels allowed, and the foundation provides gift receipts or gift acknowledgment letters to every donor.

While comingled for investment, the organization’s fund will not be used for other purposes. All gifts and earnings will be restricted for the organization’s benefit only. The foundation provides all investment management and oversight, including all accounting and financial reporting.  

To learn more, please contact a member of the Cleveland Foundation Advancement team at 877-554-5054.