I would like to know how to start a medical trust fund/foundation in memory of my daughter who died of cancer, to help other children and adults in Vanuatu and other third world countries who do not have access to adequate medical services and resources to provide proper diagnosis and treatment such as chemotherapy and radiotherapy.

And also, is there a difference between a trust and a foundation and which is proper for this situation

One can merely start a trust fund by going into any bank and setting one up.
Assuming you want it to be non profit, you will have to set up a non profit organization to own and operate the trust

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Originally Posted by wingii

I would like to know how to start a medical trust fund/foundation in memory of my daughter who died of cancer, to help other children and adults in Vanuatu and other third world countries who do not have access to adequate medical services and resources to provide proper diagnosis and treatment such as chemotherapy and radiotherapy.

And also, is there a difference between a trust and a foundation and which is proper for this situation

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Hey m nick thomas even I lost my dad due to cancer and m desperate to either open a trust or a foundation for these people share your knowledge lets associate ourself for this thing

Reply on my email d [email protected]

It sounds like you are talking about setting up a private Foundation - this would be a charitable organization with a board of directors that is charged with managing the funds you put into it or that it raises and making grants to appropriate institutions based on the Foundation's charter. As FrChuck says - you'll have to establish the Foundation as a charitable 501(c)(3) organization with the IRS with a charter and bylaws. To be meaningful you would fund this Foundation with a minimum of $5M or so.

For many individuals it makes more sense to work through one of the many existing donor-advised funds at institutions such as Fidelity or Vanguard. For a modest fee they typically allow you to fund your own account and then you direct them to make distributions from that accout to charitable organizations of your choosing.

Here's a good overview article you may find helpful:

Yes, you can start your own charitable foundation - USATODAY.com

I am looking for fund for my newly started Foundation for Education and Medical Purpose. The foundation name is in memory of St Anthony the strongest believer in christianity and the saint to for poors and the lost . Read about St anthony in the net.
Looking for Fund in India. As the fund activities we are starting up a school in the name of st anthony in Thane. Looking for charitable fund for ST.ANTHONY EDUCATION AND MEDICAL FOUNDATION . The activities are . Education schools, Widow Education, Old age Education, Medical Help for critical illnesses. (like cancer, aids, ). Orphanage, old age homes. In India.
Contact for funding. JOHN REGIS - +919029009355. Looking for generous people for funding.