Unrestricted Funds
To hear more about how our donors have utilized The Columbus Foundation by opening an Unrestricted fund.
Often overlooked, the unrestricted fund offers the broadest option. These funds are often created by individuals who care about the future of the community, far beyond their lifetimes. An unrestricted fund enables The Columbus Foundation to respond to the communities’ greatest needs. By creating an unrestricted Fund, donors create a living legacy that will grow and change as the community does. This money is then utilized by our Community Research and Grants Management team in our competitive grant process to match the growing needs of the community.
An Unrestricted Fund may be opened with an initial gift of $10,000 or more. You may make this gift in cash, securities or other assets. Often donors will create this type of fund through an estate gift. Your gift qualifies for an immediate tax deduction and you will get quarterly fund journals that will outline any gifts that you made to your fund, any interest earned, any fees assigned and any grants made. You also get to name your fund, often it is named after the donor.
Once your fund has been established, you will be able to choose an investment agent from our list of 29 investment options. Each of our investment agents invests more than $1 million of our assets and has been approved by our investment committee.
There are two fees associated with each of our funds: one is our administrative fee which is based on the type of fund and the fund balance; and the other is the investment agent fee.
To learn more, contact a member of our Donor Services team at 614/251-4000 or by e-mail. Or, if you are interested in becoming a donor, please complete this brief Become a Donor form and a Donor Services officer will respond within the next business day.