Establishing a Charitable Fund
Great giving options. Choose the one that is right for you.
Any of these funds can be established in your name or in the name of your family, your organization or anyone you wish to honor. All grants made—today and in the future—are awarded to charities in the name of the fund. It’s a beautiful way to link your community investment with a special person or purpose, forever.
- UNRESTRICTED FUNDS – Your gift is highly flexible and available to meet the breadth of community needs—including future needs that may not yet be imagined. Your community foundation’s program experts evaluate all aspects of community wellbeing—arts and culture, economic development, education, environment, health and human services, neighborhood revitalization and more. Unrestricted gifts empower us to make strategic grants, where need and opportunity are greatest.
- FIELD OF INTEREST FUNDS – Focus your gift on an important area of community life, such as enriching education, safeguarding health, strengthening families, improving neighborhoods, cultivating arts or protecting the environment. You identify your personal interest when making your gift; our board awards grants to community organizations and programs that are making a difference in the area you select.
- DONOR ADVISED FUNDS – Enjoy ongoing involvement. When you establish a Donor Advised Fund, you work with our professional program staff to identify possible grants that may benefit a variety of causes and organizations important to you. Your recommendations are submitted to our local board for approval, and grants are distributed in the name of your fund.
- DESIGNATED FUNDS – Direct your charitable gift to benefit a specific nonprofit organization or purpose. Your gift can provide an ongoing funding stream for a senior center, museum or virtually any nonprofit charitable organization. Nonprofit organizations may also begin their own Agency Endowments through the community foundation, using our capabilities to accept complex gifts and to build a lasting endowment.
- SCHOLARSHIPS – Invest in your community’s future and show students you care, all with the guidance and personal services of your community foundation. You determine the criteria students must meet to receive the scholarship you establish. With your assistance, students achieve their academic and career-oriented goals—from preschool to postgraduate work.
- SUPPORTING ORGANIZATIONS – Use your gift to establish 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 and organizations you care about while enjoying the favorable tax treatment of a public charity. Leave investment management, startup costs, grant administration and reporting to the community foundation.