Establishing a New Special Purpose Fund

Donors may either fund an existing special purpose fund or create a new fund to underwrite a special program or service or fulfill a critical LHS organizational need. With the guidance of LHS Foundation staff, you may choose the fund's name, designation, restrictions, and other use criteria.

You can create a new special purpose fund with a gift of $10,000 or more. This amount may be given as one outright gift or as a pledge payable over a period of three-to-five years. All installment gifts are invested until the fund is fully underwritten at the minimum level. At that time, the fund will begin distributions as appropriate, including the fund principal. Planned gifts are often used to grow the fund significantly as they mature. Donors enjoy creating their funds while living to see the results of their giving and add to them later through bequests or other deferred gifts.


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