When your client becomes a Community Foundation donor, they have the flexibility to create and shape their own charitable fund to reflect their personal goals and desires. We offer many different fund categories and options, 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. 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 $250 or more to a 501(c)(3) public charity. They can recommend donations to the charities to which they already give, or we can provide information on organizations to assist them in choosing their grantees. 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 such as 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. Donors to an unrestricted fund allow our board of trustees to determine how to invest the fund most effectively to meet our communities’ most pressing needs. In exchange for your clients’ generosity, we charge no management fees to unrestricted fund donors.
- 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.