Donor Fund Types
The Community Foundation offers a variety of fund types that can be established by individual donors or business owners.
Donor Advised Funds are ideal for individuals who want to be personally involved in suggesting grant awards made possible by their gifts. If you have a range of community interests, you may find that it's an ideal vehicle for fulfilling your charitable wishes. Donors work with the Community Foundation by recommending grants to favorite charities.
A Corporate Advised Fund functions the same as a Donor Advised Fund. The difference between each type is that the fund advisor of a Corporate Advised Fund is the CEO or President of the corporation or can be an individual appointed by the CEO or President.
When establishing a Designated Fund, the donor names one or more charitable organizations to receive distributions from the fund in perpetuity. A designated fund can be created for a scholarship that is sent directly to one or more colleges or universities. *Designated Scholarships are not subject to the $500 scholarship fee.
Field of Interest
By establishing a Field of Interest Fund, you can target your gift to address needs for a particular area of the community that is important to you. You select your personal interest area when establishing your fund agreement, our board awards grants to nonprofit organizations who serve your designated area of interest. The designated areas of a Field of Interest Fund are a permanent part of the fund agreement and do not change. Your gift stays flexible enough to meet community needs in your interest area, even as those needs change over time.
In creating a Scholarship Fund, you invest in our community's future by supporting the educational future of students. The Community Foundation provides the expertise to help you meet your goals of awarding scholarships to deserving students.
*Scholarship awarding cycles administered by the Community Foundation are subject to an scholarship fee, click here for more information.
Unrestricted funds are established to support the current needs of the community in various areas such as arts and culture, economic development, education, the environment, health and human services, neighborhood revitalization and more. Unrestricted funds allow the Community Foundation to make grants for the greatest areas of need in our community.