You have several options:

• Create your fund now, or plan it as a legacy in your will.
• Establish a trust account that makes payments to others or to yourself.
• Set up a named, permanent bequest with any amount over $25,000.
• Start a step-up fund with only $5000, and add assets until you achieve a permanent fund amount.
  

Types of Funds

discretionary fund – funds dispersed by LCCF at the discretion of the board.

donor advised fund – board applies funds, considering your wishes or those of the adviser.

field of interest fund – you direct funds to specific types of programs or geographic areas.

designated fund – you choose the organizations to fund.

endowment partner fund – a non-profit organization transfers all or part of its endowment.

scholarship fund – you specify guidelines as to whether the scholarship applies to academic or vocational schools, to a field of interest, or to graduates of a specific school.