The Special Needs Trust Advisor Since 1993
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FAQs about Deposits

Yes. A Master Trust can be funded at any time, although once it is funded in any amount, monthly Trustee fees will be charged. In addition, once a Master Trust has a cumulative value of $15,000 or more, Trust Advisor fees will be charged and distributions can be made. Therefore, while a deposit to an unfunded trust is always permissible, it should only be done after consideration of the fees, income tax consequences, and other ramifications. Our Trust Development Coordinators can help explain our policies to assist a Grantor in making an informed decision regarding deposits. 

No. We require cash deposits. We prefer paper deposit checks, but electronic deposits may be permitted if required by the transaction or depositing institution (e.g., sale of real property). Please contact our Trust Development Coordinators for our electronic deposit procedure.

No.

No. Unlike other accounts (such as ABLE Accounts), there is no minimum or maximum amount that can be deposited in our pooled trust. There are also no requirements regarding how frequently or infrequently deposits are made.

No. A pooled trust is different than an individual bank account.  For pooled trust purposes, Community Fund Ohio is Huntington’s client and a party cannot make a deposit or withdraw funds without involving Community Fund. Additionally, Community Fund works with Huntington’s Specialty Trust Department and not the retail bank branches where personal banking is conducted.

You may drop off deposit checks in our mailbox. Our mailbox is inside our building and is accessible when the building is open between 8:30 am and 4:30pm on Monday through Friday (excluding holidays). Our receptionist is also happy to accept deposit checks when our lobby is open to the public. Please visit our website for information regarding lobby and office closures.

FAQs about Administering a Trust After a Beneficiary has Died

FAQs about Deposits

FAQs about Designated Advocates

FAQs about Distributions

FAQs about Taxes

FAQs for Attorneys

FAQs for Grant Applicants

FAQs for Recently Established Trusts

About Community Fund Ohio

Community Fund Ohio is a nonprofit tax-exempt organization that enhances life for Ohio residents with disabilities by protecting their eligibility for government benefits and funding their current and future needs through pooled special needs trusts, grants, community education, and related services.

Administrative Office
17900 Jefferson Park
Suite 102
Middleburg Heights, OH 44130
216.736.4540
216.867.9783
[email protected]
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Business Hours

Community Fund Ohio is open Monday through Friday, 8:30 am to 3:30 pm EST, excluding holidays and training. Our holiday schedule is on our Forms page for your convenience.

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© 2023 Community Fund Management Foundation dba Community Fund Ohio
Disclaimer: Community Fund Ohio cannot guarantee that a beneficiary will retain his or her government benefits but will assist the beneficiary in answering questions about a Community Fund Ohio Pooled Special Needs Trust. This website is for informational and educational purposes only. It is not intended to constitute legal advice, nor is it a substitute for obtaining legal advice from a licensed attorney.