Community Fund Management Foundation, as we were originally known, was established in 1993 to administer pooled special needs trusts. The purpose of our trusts is to enhance life for Ohio residents with disabilities by protecting their eligibility for government benefits and funding their current and future needs. In 2020, Community Fund Management Foundation started doing business as Community Fund Ohio.
Community Fund originated due to a change in Federal law as well as the collaborative efforts of many Ohio County Boards of Developmental Disabilities, parents, attorneys, and special needs advocates. Community Fund is the Trust Advisor and The Huntington National Bank serves as our Trustee.
Since Community Fund accepted its first trust application in January 1996, we have opened over 5,000 trusts for individuals with disabilities throughout Ohio. The combined market value of Community Fund pooled trusts is over 100 million dollars.
As Trust Advisor, Community Fund is responsible for trust establishment and the daily administration of all trust accounts. Any communication from attorneys, designated advocates, and people interested in setting up a trust should be directed to Community Fund. Our Administrative Office in Northeast Ohio administers the accounts, accepts deposit checks, reviews distribution requests to protect Beneficiaries’ government benefit eligibility, and provides information when needed for government benefit renewals. We take care of closing the trust at the Beneficiary’s death and distributing the funds according to federal and state law and the wishes expressed in the trust documents.
Our Executive Director, Associate Directors in Columbus and Cincinnati, and Trust Development Coordinators are happy to meet with potential and existing trust clients and their attorneys to discuss our trust services. We also frequently give presentations to the public on trusts, government benefits, and other issues that individuals with disabilities may face.
Community Fund has the sole authority to select the trustee. The Huntington National Bank accepted trusteeship on October 1, 2019, and is responsible for investing the assets, producing statements, preparing trust tax documents, and issuing distribution checks as approved by Community Fund. Although Huntington is the trustee, Community Fund handles all customer service to give our clients a single point of contact.