Funds & Donors
TYPES OF FUNDS
There are a number of different types of funds in the Community Foundation to meet donors' charitable goals. Endowments provide opportunity to support causes and aspects of the community you wish to nurture and financially support forever.
Read on for a brief description of each type of fund. Click on each heading to view a list of current funds and their purposes. Click on the Stories tab below to read about some of our donors.
An unrestricted fund allows the Foundation the flexibility to decide where the earnings can be used most effectively each year to meet community needs as they change over time.
Designated funds benefit specific eligible agencies or projects selected by the donor.
These funds allow donors to support a cause or area of charitable interest without naming a specific charity. The Foundation makes grants from the fund to appropriate programs that address the particular broad field of interest.
Advised funds offer donors the opportunity for ongoing involvement with the fund. Donors may suggest possible grant recipients to the Foundation each year.
Agencies and organizations may establish an endowment to support their charitable mission. In doing so, the nonprofit group builds their assets and receives a stream of revenue for their operations.
Scholarship funds are established to help students achieve their educational goals using eligibility requirements important to the donor. Discretionary scholarships receive no advice or recommendations from the donor for recipient selection. Advised scholarships allow the donor or designee to participate in an advisory role.
These temporary or pass-through funds are established for charitable community projects or goals. The entire principal of the fund is eventually expended for the purpose intended.
Growing Funds help donors establish and grow charitable endowments through regular additions over time. Donors may begin a named fund with a minimum amount if the corpus is likely to reach the required endowment minimum within 3 years.
Just click to make a gift to any Community Foundation fund! You may select a specific fund from our entire listing or simply choose General Community Support. Debit and credit cards are accepted, or make a transfer from a bank account if you wish. Create your own account and track your giving history!