Types of Funds
Charitable giving should be a joy, not a burden.
Our flexibility allows you many options. The type of fund you select to establish is your choice. The type that works best for you and your charitable goals ultimately boils down to how involved you wish to be in making grants/distributions from your fund.
There are 6 Basic Types of Funds
These funds, also called discretionary funds, provide the greatest flexibility to the Foundation in its goal of responding to changing needs & emerging opportunities. These funds are used to support our grantmaking and community impact programs.
Field of Interest Funds
Field of interest funds support areas of special concern to the donors. Donors can request the Foundation to award grants within defined spheres of interest such as the arts, education, the environment, disadvantaged youth, or health.
Donor Advised Funds
Donor advised funds are convenient, flexible giving tools for individuals, families, businesses, and others who want to actively participate in the grantmaking process.
A scholarship fund helps students pursue their higher education goals. Donors can establish scholarship criteria or leave it to the discretion of the Community Foundation.
Agency Funds are established by nonprofit organizations to provide perpetual income to them. The Foundation handles all administrative and investment responsibilities, freeing the organization to pursue its charitable mission.
This type of fund allows you to support a specific organization or organizations over time.
Start a Fund
Contact our knowledgable staff if you are interested in starting a charitable fund or have questions about donor services.