Types of Funds

Donor Advised, Designated, Field-of-Interest Fund, Scholarship Fund, Unrestricted Fund, Supporting Organization Fund, Pass-Through Funds, Agency Endowment

When you become a Community Foundation donor, your clients have the flexibility to create and shape their own charitable fund to reflect their personal goals and desires. Review our various fund categories and consider our various options. We offer many different types, each customized to help your client make the most of his/her giving.

Donor Advised Fund

A donor advised fund is our most flexible fund. With this type of fund, your clients consolidate all of their charitable giving into one invested vehicle. Once the fund is established, clients can recommend grants at any time for $500 or more to a 501(c)(3) public charity. They can use their fund to recommend donations to the charities to which they already give, and/or we will provide information on organizations or areas of interest to assist them in choosing their grant recipients. This type of fund is useful for donors who want to be personally involved in their giving.

Designated Fund

With a designated fund, your clients can name one or more specific organizations or agencies to benefit from the fund. Their gift is invested for long-term growth and provides perpetual support to the organization(s) that they choose. Moreover, their designation will be honored through the years unless the designated organization ceases to operate or ceases to deliver the services that they'd like to support. If this occurs, our Community Investment team stands ready to help them identify other organizations whose work interests them.

Field-of-Interest Fund

A field-of-interest fund gives your clients the opportunity to target their contribution to one or more fields of interest that they care most about including education, youth, health, the arts . . . etc. These funds are broad in scope, yet targeted so as to meet the needs of the region. Our experienced and knowledgeable staff will use their expertise to identify, evaluate, and award grants to the most qualified and deserving organizations and programs in your clients' areas of interest.

Scholarship Fund

A scholarship fund lets your clients help deserving students further their education. They can designate any level of education from preschool to postgraduate work, as well as any field of study and eligibility requirements.

Unrestricted Funds

Unrestricted funds are essential to building a flexible and responsive community endowment that can respond to changing and emerging needs. They enable The Community Foundation and our regional affiliate foundations to make grants to a variety of community programs and services. Rather than designating how the money will be spent, donors to an unrestricted fund allow our board of trustees to determine how to invest the fund most effectively to meet the our communities' most pressing needs. In exchange for your clients' generosity, we charge no management fees to unrestricted fund donors.

Supporting Organization Fund

With a supporting organization fund, families or corporations can choose to affiliate with The Community Foundation as a supporting organization, which retains its own identity and offers donors full participation in the organization’s grant-making, investment decisions, and operation. The supporting organization gets the benefits of our professional and administrative services as well as benefits from our favorable tax status as a public charity.

Pass-Through Funds

Rather than a permanent endowment fund where assets are pooled and invested, pass-through funds act more like a charitable checking account.  You or many individuals can make lump sum contributions to your pass-through fund and do not need to reach any specific level of funding to make an immediate impact. All of the money in the fund may be drawn down by the beneficiary in accordance with the terms of the fund.

Agency Endowment

Finally, an agency endowment can be established with The Community Foundation by a nonprofit organization. Contributions from many different donors are collected and invested with us and the earnings from the principal are granted to support the programs or operations of the nonprofit organization. The agency endowment is provided at no cost to nonprofit organizations, freeing them from the administrative and investment burden of their assets; however, a fee of 0.5% of the fund balance is charged annually to cover the administrative costs associated with the fund.