Create a Donor-Advised Fund

1. Donor-Advised Fund Agreement

Thank you for your interest in establishing a donor-advised fund with the Community Foundation of Sarasota County (CFSC), a 501(c)(3) public charity. This form will guide you through options for your Fund and assist us with creating your fund agreement. A Philanthropic Advisor will contact you to answer any questions you may have and assist you in finalizing the necessary documents.

You will need the following information to complete the form:

• Fund Name – You will need a name for your fund. This is how your fund will be identified on your grant checks. Most donors choose a version of their name or words that are important to them. You may use the word “Foundation” if you prefer. Examples of fund names are “Doe Family Fund” or “John and Jane Doe Family Foundation”.
• Initial Fund Advisors - The name and contact information for Advisors to the fund. Advisors may recommend charitable grants from the fund and must be at least 18 years old.
• Successor Advisors - You have the option to choose Successor Advisors who will act on your behalf should you become incapacitated. You may name people in order, or you may name them to act as a committee. We will need the name and contact information for each Successor Advisor. If you do not choose Successor Advisors, our Philanthropic Advisors would be happy to discuss the option of a Legacy Fund with you.
• Investing – How would you like the assets held in your Fund invested by the Community Foundation of Sarasota County? There are several options to choose from depending on your preference.
• Financial Advisor – Would you prefer your financial advisor manage the assets of the fund? If so, we will need the name and contact information for the financial advisor.
• Access to Information – Are there professional advisors you would like to give permission to receive information about your fund (i.e., attorney, CPA). If so, we will need the name and contact information for each professional advisor.
• Initial Contribution - What is the amount of your initial contribution to the fund? (minimum of $100).
• Referral – Who may we thank for referring you to the Community Foundation of Sarasota County?

2. Name Your Fund

* Indicates a Required Field

3. Name the Fund Advisors

* Indicates a Required Field

Fund Advisors recommend grants from the fund, may communicate with CFSC on all fund-related matters, and have on-line access to recommend grants. Fund Advisors must be at least 18 years old.

4. Name the Successor Advisors

* Indicates a Required Field

Successor Advisors make grant recommendations for the Fund after the initial Fund Advisors are no longer able or willing to do so. You may list as many or as few Successor Advisors as you like.

Successor Advisors must be at least 18 years old.

5. Investment Recommendation

* Indicates a Required Field

6. Financial Advisor Information

* Indicates a Required Field

If you wish to have your financial advisor manage the investments of the Fund, please provide the following details

7. Professional Advisor Information

* Indicates a Required Field

If you wish, you may provide us with the name of your accountant, attorney or other professional advisor, with whom the Community Foundation of Sarasota County may share information about your Fund.

8. Contribution Information

* Indicates a Required Field

If you know how you plan to contribute to your Fund, please provide details

9. Let us know who referred you to us

* Indicates a Required Field

If someone advised you in the decision to create a fund, please provide the following information about your referral

10. Additional Information

11. Terms and Required Signatures

* Indicates a Required Field

The Donor(s) establish(es) this Fund with the Community Foundation of Sarasota County.

The current fund advisors may make recommendations for grants and other administrative matters, unless otherwise noted herein. If two (2) or more advisors are named, any may act alone, unless stated in the Fund Agreement. Upon the death, resignation or incapacity to serve as advisor to the Fund, then the Successor Advisor will then have advising rights to the Fund. If two or more persons are eligible to be successor advisors, then a recommendation by a majority of such persons shall constitute an effective grant recommendation for consideration by the Community Foundation, unless otherwise noted herein.

If the persons named in this document or after the date of this document are not available to advise and consult with the Community Foundation due to death, resignation, or incapacity to serve, the Community Foundation shall have the sole discretion to make grants from the Fund.

The Community Foundation’s administrative fee schedule is shown in Section 12. The fee schedule is subject to modification and may be increased or decreased at the sole discretion of the Community Foundation.

Donor(s) intends that this Fund, and any distributions from this Fund, shall be administered in accordance with the 1.) Procedures for Establishment and Operation of Funds and Affiliated Organizations of the Community Foundation of Sarasota County, Inc. (“Procedures”); 2.) Articles of Incorporation of the Community Foundation of Sarasota County, Inc. (“Articles”); and 3.) Bylaws of the Community Foundation of Sarasota County, Inc. (“Bylaws”), as may be amended from time to time.

By typing your name(s) in the field(s) below, you certify the above information to be true and correct, confirm you have the authority to sign this form, and agree that this is valid as your signature.

12. Complete Form

* Indicates a Required Field

Thank you for completing your fund information. A copy of the information provided has been sent to your email address, as well as our Philanthropy team.