Club Advised Funds

Geographic Scope: Ohio

Purpose: Allows Kiwanis clubs to invest funds in the Foundation's investment pool while receiving tax-deductible donation status under 501(c)(3) IRS provisions

Key Features:

• Minimum Initial Investment: $5,000 required to establish
• Annual Administrative Fee: 1% for funds under $100,000; 0.75% for funds over $100,000
• Additional Costs: Club also pays investment manager's fees
• Distribution: Club may distribute funds for their projects at any time upon Foundation Board approval
• Recipient Organizations: Distributions made to qualified charitable tax-exempt organizations
• Financial Services: Foundation handles financial reporting to the club, State of Ohio, and IRS

Contact:

• Email: caf@odkf.org
• Executive Director or Treasurer available to meet with clubs
• Phone: 330-421-3283
• Address: PO Box 668, Circleville, OH 43113

How to Establish a Kiwanis Club Advised Fund

1. Request Meeting: Contact the Foundation Executive Director to review the agreement form of the Ohio District Kiwanis Foundation
2. Club Approval: Have your Board of Directors and membership vote to approve establishment of the Fund
3. Designate Signatories: Select two individuals responsible for depositing and withdrawing monies from your fund
4. Await Board Approval: Receive notification of approval by the Ohio District Foundation Board of Directors
5. Initial Deposit: Once approved, deposit initial investment of $5,000 into your Fund
6. Begin Operations: Begin collecting funds and making deposits in your Fund with the Foundation

Required Materials

• Club Advised Fund Application
• Board approval documentation
• Membership approval documentation

Contact for Questions

• Email: caf@odkf.org