[header] How to start a giving fund [title] Set up an account. [step] Taking the first step toward creating a giving fund is as simple as opening a bank account. You can stay with your own bank where you already do business and just open a separate account. 
If you believe you will be make regular donations or payments from this account, you may want to make a checking account for flexibility. Otherwise, you can set up a savings account just to hold the money.