Creating Your Fund
Creating Your Fund
Individuals who wish to pursue a charitable passion, honor a loved one, or establish a family tradition of giving can design a fund to suit their needs. We offer a variety of fund options with a minimum gift of $10,000, except a scholarship fund which requires a minimum gift of $25,000. The minimum may be given all at once or over 3 years with an initial gift of $5,000 ($10,000 for a scholarship). The minimum may be given all at once or over 3 years with an initial gift of $5,000. Donors may select a name for the fund or set it up anonymously. Funds can be established during one's lifetime or using a planned gift such as a gift from your will. You can select from the following fund types:
Unrestricted (Discretionary) Fund - This is the most flexible and responsive type of fund for the community. You do not restrict the fund to a particular purpose, enabling us to use it for the most important and emergent needs of the community as they evolve.
Designated Fund - You designate one or more specific charities to receive ongoing support in the form of yearly grants from the fund. If one of the named charities ceases to operate or becomes impossible to fund, we redirect the grants to a similar purpose to ensure that your charitable intentions continue to be fulfilled.
Scholarship Fund - You create one or more scholarships and selects the award criteria and the school that will benefit.
Field of Interest - You identify a general area of interest (such as children or health) or a geographical area (city, town or region) and The Community Foundation makes grants from the fund through its Grants Committee that match the focus area.
Donor-Advised Fund - You create a fund from which you and/or others you designate recommend grants to favorite charities and suggests how much each shall receive and when.