Designated Funds
With a Designated Fund, you can name one or more organizations to receive on-going support from your fund. If you have one or more favorite charities, and they do not have experience managing an endowment or you are concerned they may cease to exist, you may create a fund at the Hartford Foundation with a gift of $10,000 or more. You can then designate that all or a portion of the income from your fund goes to one or more specific charities.
We will send annual notices of the value of the fund to your chosen charitable organizations, and send them the income, so long as they continue to carry out their stated charitable purpose. If the character of your designated organization(s) changes so that they no longer serve your intended purpose, or they cease to exist, the Foundation will fulfill your original design by redirecting the income to a purpose as close as possible to your original cause. |