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Steps to Establish a Stewards Fund Account
How the Stewards Fund Works
The Barnabas Foundation Stewards Fund helps you streamline your charitable giving while providing a variety of tax advantages.
Step 1: Establish your account
When you are ready to open your Stewards Fund account, our staff will guide you through the process and answer your questions. Your call will be handled in strict confidence when you contact usa t 888.448.3040.
Step 2: Fund your account
To fund your account, you will need to make an initial, irrevocable gift of $10,000 or more in cash, securities or other types of long-term appreciated assets. The most common choices are:
- Cash
- Marketable Securities
- Real Estate
- Privately-Held Stock
Next, determine if the account will be a joint or individual account and choose a name for the account. You receive an immediate tax deduction at the time you make your gift to Barnabas Foundation.
Step 3: For accounts over $50,000, you may recommend how you would like your funds to be invested.
If your initial gift is $50,000 or more, you may recommend how to allocate the funds in your account across our four different investment funds. Accounts under $50,000 are invested in our cash equivalent fund.
Step 4: Recommend how you would like to distribute your funds to your favorite charities.
Use our Online Grant Recommendation process or fax/mail your Grant Recommendations form to us at our headquarters in Tinley Park. This is the last step prior to providing support to a charity.
Step 5: Leave the paperwork to us!
We prepare and send checks to your approved charities as identified in your Grants Recommendations. Statements are mailed to you for each month you have activity in your account. Your year-end statement summarizes all your charitable activity in one convenient report.