Memorial Funds
Many donors set up a memorial fund to remember and honor a loved one. You may name the fund after them and use the fund to accept gifts in their name. You receive an immediate charitable income tax deduction when you open the fund and when you make additional gifts to it.
Memorial funds are endowed. They can be structured as donor advised, field of interest, scholarship or designated funds.
In addition to investing the funds, Berkshire Taconic helps manage incoming contributions, provides record-keeping services, and can work with you to set up grant criteria and establish a committee to oversee a competitive award process.
Minimum to open a memorial fund: $25,000
To talk to us about starting a memorial fund, contact Nancy Hegy Martin, development director, at nmartin@berkshiretaconic.org or 413.528.8039.