Our fund partner program is the heart of our work.
Whether you want to fund a project or organization indefinitely, create a scholarship, or streamline your charitable giving, we can help. We will design a fund to meet your goals, based on what is most important to you.
With a fund at Stonewall, you never have to scramble at year end to find a place to make a tax-deductible donation or hunt for receipts at tax time. We’ll do the paperwork, providing timely statements and gift receipts. Our funds also give you the option of making donations when it makes the most sense for you, and then distributing them as grants later.
No extra costs
Fees are assessed directly from your fund, and are structured on the size and purpose of the fund. Not a fan of fees? We have good news: every single dollar gets invested in the community, supporting our LGBTQ-focused grants and programs. That means your fund is guaranteed to do good, right from day one.
We offer a variety of structures that can be customized to suit your needs. Funds can be designed so that only a certain amount is spendable each year to ensure the longevity of the fund, or as a more active fund in which the entire balance is spendable. And, you can be as involved, or not, as you’d like in the grantmaking process.
If you want advice on how your charitable dollars might best serve LGBTQ New York, our expert staff is available to offer trustworthy guidance. We are networked to the organizations doing urgent, valuable, and innovative work. Our recommendations can be tailored to your specific interests and will always align with community need.
Types of funds
With a donor-advised fund, you can recommend charitable distributions to any 501(c)(3) organization. It is much simpler than opening your own foundation, and contributions to DAFs have higher deduction limits than donations to private foundations. Stonewall will vet organizations for good standing and process all grants from your fund. There is no limit to the number of gifts or grants you can make.
Field of Interest Funds
Tell us which issues are important to you, and we will work with you or on your behalf to create a one-of-a-kind grants portfolio supporting organizations making a difference in those areas.
You want start your own scholarship program, but lack the resources to do it on your own. Stonewall staff can:
- Identify ways to best support next generation leaders
- Help you create an application to find ideal candidates
- Advertise scholarship opportunities in relevant networks
- Manage the vetting process of applications received
- Convene an advisory panel to help make decisions
- Provide full administrative and financial services
If you know which nonprofit(s) you’d like to support, set up a fund and we will make recurring grants to them over a period of time. Should circumstances change, we can redirect funds to ensure continued meaningful impact in our community.
Each of the fund types described above can be endowed, that is, set up as a long-term investment. Every year, a fixed portion of the endowment, either a specific dollar amount or a percentage of the fund, is paid out as grants or scholarships. Earnings, in turn, help support those annual payouts, cover fees, and extend the life of the fund, oftentimes permanently.