Donor Advised Fund
Central to the RMCF's commitment to honoring donor intent is the flexibility to offer our donors a direct way to support the causes and organizations they care about.
When you establish a RMCF donor-advised fund, you can request where and when your funds are directed. With RMCF's strong governing principles, you can be assured that your funds will be used for those causes that you specify. You can add to your fund at any time, and will receive a tax deduction in the year the gift to a fund is made. Grants can be distributed at any time and RMCF screens grant recipients to ensure that they meet IRS requirements for qualified charities.
Designated Funds
RMCF designated funds direct donor giving to specific organizations. Through a designated fund that you can be sure that your charitable contributions will be directed toward a particular non-profit organization(s) that meet IRS requirements for qualified charities.
Field of Interest Funds
An RMCF Field of Interest Fund is the perfect choice if you would like the flexibility to give to a specific issue or cause without designating funds for a particular organization. RMCF will help fashion your fund to focus on a particular field of interest of special importance to you, such as furthering educational opportunities, helping the homeless, or improving health care. We will then work to find the most appropriate recipient organizations to accomplish your objective. Please contact the fund development staff to discuss this giving option.
Unrestricted Fund
The most popular RMCF fund available for estate planning, foundation endowments and general philanthropy is the Unrestricted Fund. This fund is the perfect way to direct charitable contributions to the betterment of our community at large. Grants through the Unrestricted Fund are strictly monitored by the RMCF Board of Directors and go to well-managed organizations making a positive impact on our community.
Funding for Non-profit Organizations
Nonprofits may utilize a fund at the RMCF to help them invest assets wisely, create an endowment, or set aside funds for long-term use. Assets placed in a RMCF fund are pooled with the assets of other funds to maximize returns and lower costs. The RMCF Board of Directors has oversight responsibility of the total portfolio through its Investment Committee, composed of distinguished investment professionals and members of the Board of Directors.
Private Foundation Options
RMCF offers numerous advantages over establishing a private foundation. It provides real ways for you to stay engaged in giving and avoid many of the hassles of private foundation management.