6 Types of Funds
A charitable fund at Akron Community Foundation can be started with as little as $5,000, with the exception of Scholarship Funds, which require an initial gift of $25,000. Once your fund has been established, you can contribute at any time with a variety of assets. There is no minimum gift requirement, and you can even set up recurring gifts to your fund.
We assess fees of approximately 2% for administration and investment management, but only after you have received the full tax deduction for your contribution. These fees are deducted directly from the fund – never out-of-pocket. And unlike for-profit financial organizations, Akron Community Foundation does not profit from our services, allowing us to offer the most personalized services at a very modest fee schedule.