Establishing a Fund

We’ve done the groundwork necessary to make creating your own community-conscious fund simple, tax advantageous and ethically fulfilling. Whether you’re establishing your own fund or you’re a financial advisor working on behalf of a client, we make it easy to reach your goals.

As a more tax-beneficial alternative to a private foundation trust or as part of effective estate planning, we are a partner promoting smart investing that serves your interests and the community’s. The Mount Dora Community Trust can provide professional cost-effective ways of administering your own or your client’s charitable funds throughout the years to come.

  • Unrestricted Funds provide the most flexibility and responsiveness. By creating or adding to an unrestricted fund, your gift can help meet Mount Dora’s most urgent needs and greatest opportunities at any given time, now and in the future, as determined by the distribution committee of the foundation.
  • Field of Interest Funds are those for which you may specify an area of special interest such as the arts, health, or education.
  • Advised Funds allow donors, or persons designated by them, to make recommendations to the Committee of charitable distributions they wish to benefit from the fund.
  • Designated Beneficiary Funds benefit one or more public charities named by you, the donor, at the time the contribution is made.

Qualified non-profit organizations may also establish funds in order to transfer all or a portion of their endowments to Mount Dora Community Trust or to receive gifts and bequests that benefit the organization’s charitable purposes.

For further information on ways to make the Mount Dora Community Trust a part of your charitable planning, please consult with your attorney or financial advisor, or contact Mount Dora Community Trust, (352) 267-0957, P.O. Box 1451, Mount Dora, Florida 32756, E-mail address: info@MountDoraCommunityTrust.com; or The First National Bank of Mount Dora, Trustee, (352) 383-2140, P.O. Box 1406, Mount Dora, Florida 32756.