| Frequently Asked Questions |
| We realize you may have questions. Below are the some of the most common. For additional information, please feel free to Contact us. What is the minimum gift needed to establish a fund? $10,000 for nonendowed funds. $25,000 for endowed funds. - What charitable options does Crossroads offer? One of our greatest strengths is our flexibility. We offer a variety of options, including the ability to establish your own fund. For more information please visit our Opportunities for Giving section. - Can I make grants to organizations outside the MetroWest area? Yes. Through a donor advised fund, you can make grant recommendations to any 501(c)(3) public charity (except private foundations) in the United States. There is no limit to the number of grants that you can recommend. Why is the term 'grant recommendation' used? We retain final discretion over the grants made from each fund. This is because you received a tax-deduction from Crossroads for your gift—making Crossroads responsible to the Internal Revenue Service for how the funds are used. - What are the fees associated with a fund? There are two fees associated with every advised fund. An administrative fee that pays for our operating expenses and charitable activities and an investment manager fee that is deducted from the monthly investment return. These fees are dependent on the type of fund you establish and the investment pool you choose. - Who can recommend grants from a donor advised fund? Anyone you choose to list when you establish your fund. You may also add or remove advisors at any time. - What happens to my donor advised fund after my lifetime? You specify what happens to your fund after your lifetime. You may elect to fully spend the charitable assets in the fund during your lifetime. You may choose to name a successor advisor (such as your children or grandchildren) to continue to advise the fund. You may choose to roll your fund into one of our grantmaking programs. - Can grants from my fund be made anonymously? Yes. You decide on a case-by-case basis each time you submit your grant recommendations to us. - Can I name the fund after my family? Yes, or after your house, your street, your dog. You may choose any name for your fund. - How will an advised fund be invested? You may choose from among three options for investment. For more information please visit our Investing Assets section. - What are the differences between a donor advised fund at Crossroads and one at a commercially sponsored gift fund? The main difference is that philanthropy is our only business. As a nonprofit entity all earnings, contributions and revenue are put to work for our communities. |
