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I want to set up a fund for the children of a friend who passed away

A very close and dear friend of mine passed away a few days ago at a very young age and left behind a wife and 2 very young children ages 3 and 1. I would like to set up an investment fund for his children in his memory which people can donate to and will accrue interest until they are ready for college. To increase the chances people will donate I want it to be possible to use paypal or google wallet. I know nothing about finance or laws or any of the things that I imagine come with setting this up. Can anyone advise? Thanks in advance
posted by postergeist on Nov 12, 2013 - 5 answers

Does This Technology Exist?

It's fund drive time, and I have been a contributor and a host promoting fund drives for public and community radio. But a common complaint I hear from people is public radio encourages them to do their part, meaning contribute. The promise is the sooner you do, the sooner the drive will end. [more inside]
posted by CollectiveMind on Oct 6, 2013 - 11 answers

Mutual Fund Newbie. Can I live off of my dividends?

Struggling to find work, young, recent grad. I have a mutual fund and need help breaking it down. Can I live off of it? Should I? What do I do with a mutual fund?? [more inside]
posted by anonymous on May 10, 2013 - 13 answers

No more gifts please!

Would it be acceptable if we ask people to deposit money into an account for our son's education instead of giving gifts? [more inside]
posted by no bueno on Nov 9, 2012 - 23 answers

What specific kind of financial investing would give the greatest return based on a $2,500,000 investment? Stocks, bonds, mutual fund, etc?

What specific kind of financial investing would give the greatest return based on a $2,500,000 investment? Stocks, bonds, mutual fund, etc? [more inside]
posted by lorebella on Jul 31, 2012 - 22 answers

Is it legal to withdraw online payments without notifying the consumer?

Is it legal for a company to withdraw online payments from my account without notifying me first? [more inside]
posted by anonymous on Mar 25, 2012 - 12 answers

Help me build long-term savings!

I have just been given a substantial raise and promotion. Yay! Now, I want to take most of that extra income and stash it away, for the time being, in some kind of savings vehicle. What kind of savings vehicle is right for me? [more inside]
posted by breakin' the law on Mar 20, 2012 - 12 answers

Daily (historical)mutual fund prices

Where can I find daily (historical) mutual fund prices?
posted by page123 on Jan 31, 2012 - 6 answers

What to buy for a 25-year portfolio other than securities and index funds which contain them if there is a large dip or crash next week?

What to buy for a 25-year portfolio other than securities and index funds which contain them if there is a large dip or crash next week? [more inside]
posted by anonymous on Aug 6, 2011 - 9 answers

Jumpstarting a lasting fund, without the pesky

I would like to create a non-profit fund / fundraising org earmarked towards jumpstarting community centers. I've heard that rather than trying to create a non-profit, it might be best to partner with an existing non-profit with similar interests, and see if they'd "host" the fund I want to create / help with the legal aspects, while allowing me to earmark and oversee the fund. I intend to do regular fundraising, and hope to create a lasting fund that attracts bequests. Does anyone know about the legalities involved here? Any advice as to how I might want to approach such a project?
posted by markkraft on Apr 9, 2011 - 7 answers

Macro hedge fund strategy

What sort of strategies do macro hedge funds employ? [more inside]
posted by Guernsey Halleck on Dec 20, 2010 - 4 answers

What to do with "fun-stuff-only" donation for college students?

If you were given $2000 to do something wacky and fun for 400 college students, what would you do? [more inside]
posted by elsewhen on Feb 9, 2010 - 22 answers

Funds, Banker or Broker - who takes better care of my nest egg

I got laid off, have a 401k (in Fidelity right now) with $100k+ and want to roll it over into an IRA. I would consiter a Roth IRA if I get lucky and find a job this year because of low income so far and spreading taxes over two years. I read here about the following IRA options: Just put it into a bank...limited options and fees Put it into a self-directed IRA account with Fidelity for instance. Find a broker who will help pick investments. [more inside]
posted by CodeMonkey on Jan 12, 2010 - 16 answers

They already took 30% once, I don't want them to do it again.

What's the best way to save money for the express purpose of later giving it to someone else? [more inside]
posted by Vorteks on Jan 5, 2010 - 11 answers

Organizing better to raise money?

I work as a fund raiser and need a better system of organization for following up on calls to and from alumni. We are using Banner, which is very clunky and heretofor I am unable to leave the system. I feel very reliant on the computer but as my portfolio grows smaller I want to find a more desk-oriented system that will allow me to peruse my portfolio and follow up on things faster. Any suggestions? [more inside]
posted by parmanparman on Jul 9, 2009 - 5 answers

What steps are needed to managing OPM

What are the steps towards managing other people's money? [more inside]
posted by erd0c on Apr 23, 2009 - 8 answers

How can I afford to build an "emergency fund" ?

How does one "put aside" x months of expenses for emergencies? Not pay expenses for x months? [more inside]
posted by swiffa on Nov 19, 2008 - 14 answers

Old Prices for John Hancock Income Security Trust

OldFinancialInformationFilter: Figuring out cost basis for John Hancock Income Securities Trust (JHS) under its previous CUSIP. [more inside]
posted by i love cheese on Oct 4, 2008 - 1 answer

Where can I keep some money for 200 years?

I have a project I'd like to start that I will never be able to finish. I want to create a fund of money to be used by my local library, the principle of which can never be touched. They will only be able to use a small percentage of the interest. Before they can start doing that, though, I want the fund to remain untouched for 150+ years to allow it to increase in size. The goal is to let this fund grow so large that the library can become autonomous on just the interest. [more inside]
posted by GernBlandston on Jul 22, 2008 - 6 answers

How can I set up a college fund for my possibly terminally ill friend's children?

I have a friend with a possibly terminal illness. I'm trying to figure out a way to set up a college fund, to which any of her friends/family could contribute, for her two young children. So far I've looked into ESAs (might not work due to the $2k annual limit) and 529s, but I've had trouble finding information specific to this type of situation -- which I have to imagine is not all that uncommon. What options should I be investigating? Should I talk to a financial advisor?
posted by mingshan on Mar 13, 2008 - 16 answers

Which type of ETF to go for

I have $2000AUD to spend on Exchage-Traded Funds and I can't decide what to go for. [more inside]
posted by Jimmeh on Feb 1, 2008 - 2 answers

Starting a Foundation or Fund

How do I start a fund or foundation? [more inside]
posted by divabat on Jun 20, 2007 - 9 answers

HedgeFundFilter and Tass-database

Which hedge funds in or near NYC invest in life sciences and biotech? [more inside]
posted by yoyo_nyc on Apr 11, 2007 - 0 answers

Create a memorial fund

How do you set up a memorial fund? A friend's father died suddenly and she'd like to set up a fund for his grandchildren's education and allow people to make contributions in lieu of flowers or whatever. Googling just gets me lots of links to other people's memorial funds, so I'm hoping some of you have been through this and can provide specific advice, steps to follow, liability issues, etc. Thanks!
posted by judith on Feb 2, 2007 - 8 answers

They're too quiet about their good deeds

Help me promote an environmentally conscious, socially responsible small business. [more inside]
posted by krisjohn on Feb 1, 2007 - 4 answers

Please pay for your coffee!

How do I encourage more people to pay into the work coffee fund without actively guarding the coffee pot? [more inside]
posted by JigSawMan on Jan 29, 2007 - 44 answers

Investing for Dummies

Does it matter where you buy a mutual fund? [more inside]
posted by jazzkat11 on Dec 10, 2006 - 10 answers

Where should I contribute?

So, not that it matters, but, were I to make a paltry political contribution, what would be the most strategic fund for a donation? [more inside]
posted by cytherea on Oct 19, 2006 - 16 answers

Are college funds necessary?

Are college funds necessary? [more inside]
posted by patrickje on Jun 30, 2006 - 48 answers

How do you set up a Legal Defense Fund?

How do you set up a Legal Defense Fund? I have a very good friend who is a legal bind and will very possibly be charged with three felonies as a result of a barroom brawl. [more inside]
posted by thebarron on May 9, 2006 - 9 answers

I’m looking for help establishing a college fund for the children of a murder victim.

I’m looking for help establishing a college fund for the children of a murder victim. [more inside]
posted by Doug on Oct 25, 2005 - 4 answers

TIAA-CREF vs Fidelity investments?

Currently I have at my work the option to choose between funds, TIAA-CREF and Fidelity investments. Since it is a non-profit organization they put in 6.5% of my salary plus anything else I want to contribute (it's a 403b). I have tried to do some research to see which company is better in the long run but can't find any information on TIAA-CREF besides that it used to be exclusively for teachers and federal employees. Does anyone know which investor I should get? I am looking for the greatest gain in the long run.
posted by nserrano on Oct 13, 2005 - 7 answers

How to turn an idea into a business?

I have an idea for a product/service. I've drawn out a rough business model and shown it to a few people who all think its a great idea but I'm having a few problems getting things rolling... more inside about funding the project, pitching it to major 'players' in certain industries, investors, etc [more inside]
posted by hummercash on Sep 6, 2005 - 6 answers

How to design an indoor golfing

What is the most affordable way to design an office miniature golf course? What reasonable obstacles or challenges would you build? [more inside]
posted by brent on Apr 21, 2005 - 4 answers

How do I fund spending a year in Europe?

I'd like to spend a year in Europe. How can I fund it? [more inside]. [more inside]
posted by gd779 on Dec 30, 2003 - 10 answers

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