| HCF offers a full range of innovative giving solutions, which you can learn about in detail in the Individuals & Families section of our website. This FAQs page specifically covers questions related to HCF Funds.
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Before you establish a Fund with HCF, please review our Program Guidelines to learn more about our Fund policies and procedures. You will be required to agree to these policies upon signing a Fund application. Visit our Open a Fund page and submit your application along with your contribution (recommended initial contribution of $10,000), in cash, securities, or "innovative gifts" (non-liquid assets). Once your Fund is established, we will mail you a welcome letter, with a copy of your Fund application and instructions to our Donor Website so you can begin managing your Fund online. (return to top of page)
To fund the variety of tools, resources, services, and counsel we provide, HCF retains a small monthly assessment from each Fund that has a balance above $50,000*. This assessment is accrued daily, based on the ending Fund balance for that day (for example: 1/365th of 1 percent per day), and is assessed to your Fund on a monthly basis. (return to top of page)
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You may designate others to be involved in recommending grants from your Fund. In addition, a successor or successors may be named to recommend grants after your death. (return to top of page)
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All contributions are required to be on deposit for a period of 30 days before they can be distributed. However, should you need to recommend grants in advance of the 30 days, we offer an expedite service for a minimum fee of $100 or 1.45% of the grant amount divided by 12. (return to top of page)
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All Funds at HCF are invested for growth in one of five investment portfolios, but Funds with balances below $50,000 are considered "Stable Value Funds" and do not reflect investment gains or losses. For Funds with a balance above $50,000, once contributions are in a liquid or transferable form, they are moved to the recommended investment pool 45 days after a contribution is received by HCF. HCF usually allocates all investment earnings or losses back to the Fund, minus any costs related to the management of the Fund. (return to top of page)
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To name HCF as a beneficiary, read the Testamentary Giving information on the Forms & Reports page of our website (see the link on the left navigation bar). If you have not done so already, you will need to open a Fund to receive future gifts from your estate. (return to top of page)
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HCF's asset transfer instructions page provides detailed explanations of how to donate various assets. (return to top of page)
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The simplest way to contribute to HCF is to donate cash, checks, or stocks. However, HCF can accept most any type of asset, including “innovative gifts” – such as real estate, business interests, and restricted securities. (return to top of page)
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You can make contributions to your Fund any time. The recommended initial contribution is an asset(s) worth $10,000 or more; subsequent recommended contributions are $500 or more. HCF will issue to each donor a receipt for eligible contributions to HCF. (For contributions of less than $250, the donor’s cancelled check will serve as a receipt). (return to top of page)
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Yes. Anyone can make contributions into a Fund with HCF. The check should be made payable to HCF, and in the memo area note your name or the name of the Fund. HCF will issue to each donor a receipt for eligible contributions to HCF. (For contributions of less than $250, the donor’s cancelled check will serve as a receipt). (return to top of page)
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It is HCF's policy for contributions to be on deposit for 30 days before a grant is issued. (return to top of page)
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It is HCF's policy to sell securities the next business day after they are received into one of our brokerage accounts. (return to top of page)
On HCF's Donor Website, it is fast and free to submit grant recommendations online. A print form is available for download on the Forms & Reports page of our website (see left-bar navigation link); faxed or telephoned recommendations cost $12.50 each. (return to top of page)
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You may recommend a grant of $100 or more at any time, as long as the recipients meet HCF's requirements and there are available dollars in your Fund. (return to top of page)
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After you submit your grant request, HCF will research the organization to ensure that it is a tax-exempt public charity and that its mission and activities are not antithetical to the Christian faith. If the research reveals that the organization’s mission and activities are in conflict with Christian values, we will notify you. (return to top of page)
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The name and address of the donor recommending the grant is listed on the stub portion of the check. However, you also have the option of remaining anonymous. Simply specify on the grant recommendation form that you wish to remain anonymous. (return to top of page)
HCF only distributes funds to qualified tax-exempt U.S. organizations and public charities. HCF may be able to recommend you to other organizations for such grants. (return to top of page)
Yes. In the event that you need to recommend grants in advance of the 30 days, we offer an expedite service for a minimum fee of $100 or 1.45% of the grant amount divided by 12. (return to top of page)
$100 is the minimum grant amount you can recommend from your Fund. (return to top of page)
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