Types of Funds
You can create a fund that supports a particular need or area of interest, or one that is multipurpose and flexible. Whichever option you choose, the fund you create will make an impact on community needs.
Establishing a donor-advised fund allows you to make a gift to the Community Foundation, then remain actively involved in suggesting uses for your gift. You can work with our professional staff to suggest ongoing uses for the fund, targeting the issues you care about most. Grant awards are issued to charities in the name of the fund (or anonymously if you prefer). It’s a simple, powerful, and highly personal approach to giving.
Creating a donor-advised fund allows you to receive an immediate tax deduction for your gift to the Community Foundation, as well as time to make grant recommendations. This allows time for you and your family to learn about organizations you wish to support on your own schedule.
Establishing a designated fund allows you to support the good work of a specific nonprofit organization, such as a senior center, museum, or any other nonprofit charitable organization. Because it’s given through the Community Foundation, your gift provides the organization you select not only funding, but also planned giving and investment management services and the power of endowment.
Nonprofit organizations can also establish an agency endowment at the Community Foundation. It’s a simple and efficient way to build an endowment—and help create sustainability—for your nonprofit organization. The Community Foundation’s experienced staff can also help your organization develop planned giving programs and assist with investment management and administrative details.
Endowed nonprofit partners also benefit from the resources and trainings offered by the Community Foundation's McCarthy Center for Nonprofit Learning and are included in the Foundation's online Giving Center, which helps donors discover new nonprofits to support.
Field of Interest Funds
By establishing a field of interest fund, you can target your gift to address needs in an important area of community life. You identify your personal interest area when making your gift; our board awards grants to community organizations and programs that are making a difference in the area you select. Your gift stays flexible enough to meet community needs in your interest area, even as those needs change over time.
In creating a Scholarship, you invest in your community’s future and show students you care. The Community Foundation provides the expertise to help you meet your personal goals and awards scholarships to deserving students. Your gift can help students — from preschool to postgraduate — achieve their lifetime dreams.
A supporting organization is an excellent alternative to a private foundation with only a fraction of the administrative responsibilities. You select some of the board members, maintain personal involvement, and support the causes you care about most while enjoying the favorable tax treatment of a public charity. Leave investment management, start-up costs, grant administration and reporting to your community foundation.
Memorial Endowment Funds
When a loved one passes away, many family and friends wish to create a lasting legacy in honor of his or her life. Establishing a memorial fund at the Community Foundation gives you time to consider how to best represent your loved one's passions and interests. Learn more about memorial funds.
Are you interested in starting a fund at the Community Foundation? Give us a call at 563.588.2700.