Types of Funds
Field of Interest Funds: Choosing A Cause
A field of interest fund allows you to identify a specific charitable area you would like to support, like youth, the arts, or the environment. You may add to an existing fund, like the Fund for Youth or the Shoreline Fund, or you may establish a named fund specifying the charitable area of your choice.
Unrestricted Funds: Meeting Ever-Changing Needs
When you establish an unrestricted fund, your gift addresses a broad range of local needs—including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being: arts and culture, economic development, education, environment, health and human services, recreation, youth, and more. The flexibility of your unrestricted gift enables your Community Foundation to respond to the community’s most pressing needs, today and tomorrow.
Donor Advised Funds: Taking Charitable Giving Personally
When you establish a donor advised fund you have the opportunity to recommend grants to charitable organizations (the governing board remains free to accept or reject donor suggestions). You (and your family) can work with our experienced grantmaking staff to suggest ongoing uses for your fund – targeting the issues you care about most. Grant awards are issued to non-profit organizations in the name of your fund. It’s a simple, powerful, local, and highly personal approach to giving.
Agency Funds: Endowing Your Nonprofit Organization
Establishing an agency endowment fund is a simple and efficient way to build income for your nonprofit organization. Your donors can be sure they are providing a source of lasting support. Your fund becomes part of the Community Foundation’s pool of endowed assets. Thus, the Community Foundation’s economies of scale provide your organization the benefits of a diverse investment portfolio that typically comes only with large funds.
Designated Funds: Supporting an Organization for the Long Term
Designated Funds are similar to Agency Funds in that you can name a specific charitable organization as recipient. You may add to an organization’s existing endowment or create one for them to provide a source of lasting support.
Scholarship Funds: Furthering Education
When you set up a scholarship fund, the Community Foundation’s scholarship program connects those dollars with deserving local students pursuing further education.