Designated Funds
Donors with strong ties to a particular organization or institution often establish a designated fund for its benefit. At the time you make your gift, you may specify one or more nonprofit organizations or scholarships to receive all or a portion of the fund’s income. Berkshire Taconic will carry out your directions as long as the named organization is using the income to for its stated charitable purpose.
Designated funds often provide much-needed income to schools, historic sites, houses of worship, arts groups, college students, town activities, animal shelters and many other kinds of organizations and causes.
Most donors endow their designated fund in perpetuity. Some establish a time limit, typically 20 years, after which the designated fund becomes unrestricted.If the designated organization ceases to exist, loses its tax-exempt status or changes its mission, Berkshire Taconic can redirect support for a purpose as close as possible to what you originally intended.
View a list of our designated funds.