Establishing a Fund


Three Generations of Lyles - A Legacy of Family Giving

William and Elizabeth Lyles set the standard for philanthropic giving, which their children and grandchildren now follow. Mrs. Lyles was quoted from a Lyles Co. publication, "Some years ago Rotary International published a book entitled 'Service Is My Business'. My husband gave this book away to people within the company and to others also. He believed that being in business, or working should not be just a means to benefit ourselves. Our success should also be used to benefit our communities and others."

Working with a member of our staff and your own professional advisor, you make take these simple steps:

  1. Decide
    What charitable purpose would you like to support.
  2. Select the Type of Fund
    Select a fund that best suits your purpose and financial needs. It can be as specific as creating a donor advised fund, designating your favorite field of interest, or as general as supporting many worthwhile causes in this region. A staff or board member will outline your options and discuss the advantages of each.
  3. Choose a Name
    Many funds are named for the person or groups establishing the fund. It may be in honor or a memoriam named for someone special. If you prefer anonymity, you many select a name that reflects your fund’s charitable purposes.
  4. Determine What to Give
    Almost any kind of asset can be used to start your fund: cash, publicly traded securities, real estate, insurance policies and some tangible personal property. We can discuss options such as bequests, charitable remainder trusts and unitrusts, charitable lead trusts and pooled income funds. A financial advisor assists in making the best selection for your needs.
  5. Approve
    Just approve and sign an agreement.
  6. Make the First Gift