The Community Foundation offers several different types of fund options to meet the varying philanthropic and financial goals of our donors. Below are brief explanations of the types of funds we offer.
Community funds are supported through your unrestricted gifts and allow the Community Foundation to respond to the ever-changing needs of the Midlands. Income is distributed after a competitive review process to nonprofits that have innovative programs and initiate effective change and progress within the community.
Field-of-Interest funds support a specific focus area of your choice, such as arts, education, human services or youth. By identifying and distributing grants concurrent with your area of concern, a field of interest fund ensures your interests are funded, but does not limit the funding to one particular organization.
Agency endowment funds provide a simple way for your nonprofit organization to establish a permanent endowment, providing a source of lasting support. You can choose to receive the income earned annually from your fund or let it go into the principle and continue to grow.
Designated funds allow you to identify specific nonprofit organizations to receive grants. You may choose one or several organizations to support with your fund. Income from the fund is paid to the designated organization(s) to be used to support operations and programs.
Donor-Advised funds provide both immediate impact and sustainable benefit while giving you the flexibility to give to many varying organizations and programs. At the core is a permanent ‘endowed’ fund which makes a portion available for distribution to charitable causes each year and will grow over time. Alongside the permanent fund can be a nonpermanent ‘escrow’ fund which allows for distribution of the entire balance in amounts as small as $100.
Scholarship funds allow you to help provide educational opportunities for future community leaders. These funds are typically set up to honor loved ones or someone who has helped you succeed in life. You may designate the criteria for the scholarship and assist in the selection process by serving on the scholarship selection committee if you so choose.
Confirmed in Compliance with NationalConfirmed in Compliance with National