The Community Trust offers a variety of funds to provide you with a tailored giving experience. We would be happy to discuss these funds and their related forms in more detail with you. Once executed, your fund agreement becomes the guiding document to ensure that your intentions are followed.
A gift of $10,000.00 or more can be used to establish a named fund at The Greater Lynchburg Community Trust. All donations upon acceptance become completed gifts to the Trust for legal and tax purposes. Grants are not made from a fund until the fund value has reached $10,000.
Smaller gifts to “acorn funds” can be accumulated under the Trust’s procedures and used to establish a named fund with annual disbursements after the total aggregate gift attains $10,000.00. Contact The Community Trust office for more information of this type of fund.
One of the four trustee banks will serve as investment manager unless you choose a particular trustee bank or investment manager. If you have a preference of investment manager and you have chosen to place your fund with one of our four trustee banks, please use the “GLCT” forms. If you will be using one of our investment managers, please use the “GLCT, Inc.” forms. See our Establishing a Fund section for more information.
Donor Designated Fund
At the time of establishing a fund the donor may name the organization(s) or institution(s) to be its beneficiaries.
Donor Designated Form – GLCT, Inc.
Donor Advised Fund
The donor may from time to time suggest specific grants to be made from his/her fund. Please see the Donor Advisor section for more information on this type of fund.
Donor-Advised Form – GLCT, Inc.
Field Of Interest Fund
The donor specifies area(s) of interest (youth, elderly, education, arts, medical, etc.) to be supported by the fund. These funds provide income for grants made by the Distribution Committee in response to requests from area non-profit organizations.
Field of Interest Form – GLCT, Inc.
Scholarship Fund
Enables donor to establish an endowment to fund annual scholarships. Please see our scholarship guidelines for more information on these funds. You may also refer to the Scholarship area for more detail.
Temporary Fund
Funds created when assets are delivered to the Trust with the expectation that principal will ultimately be distributed for charitable purposes.
Temporary Fund Form – GLCT, Inc.
Unrestricted Fund
Contributions made with no restriction provide income for grants made by the Distribution Committee in response to requests from area non-profit organizations.
Unrestricted Form – GLCT, Inc.
If you have questions regarding any of these forms, please contact our office for assistance. Once you have completed the form and are ready to establish a fund, please forward the original document and a signed copy of the "Things You Should Know" form to our office.
