Create a New Fund

Restricted funds are monies set aside for a particular healthcare purpose as a result of designated giving. They are permanently restricted to that purpose and cannot be used for other expenses. Restricted Fund can be spent down. Restricted fund can be opened with a minimum donation of $1,000.

An endowment is a gift arrangement that provides long-term support for Iredell Health System. This is because gifts to endowments are invested (corpus) in perpetuity and only a portion of the earnings are made available for spending. Endowment fund can be opened with a minimum donation of $10,000.

You can create your fund now, establish it in your will, or create it through a trust arrangement that benefits your family, as well as Iredell Health System. Tax deductions are earned at the time of your gift.

Almost any kind of asset can be used to start your fund, such as cash, publicly traded securities, closely held stock, real estate, life insurance, and tangible personal property. We can also discuss other options with you, such as bequests, charitable remainder unitrusts, charitable remainder annuity trusts, charitable lead trusts, pooled income funds, charitable gift annuities, and life income and deferred charitable gift annuities.

Most of our funds are named after the donor or the donor's family or as a memorial to someone special. Every grant from the fund will carry this name helping carry on your legacy of giving back. Donors should also state the purpose of the fund so Iredell Health Foundation can ensure funds are used responsibly.