Types of Endowed Funds
To Which You Can Contribute
UNDESIGNATED OR UNRESTRICTED FUND
You want your charitable gift to accomplish the most to improve the quality of life in your community You believe that as conditions change, a group of citizens from your community will be best able to assess the current charitable needs and to be creative and flexible in their grantmaking.
FIELD-OF-INTEREST FUND
You are interested in a particular field (e.g., education, youth, environment), but you do not want to restrict the grants to be made over the years to any specific organization serving that field.
DESIGNATED FUND
You have supported a. favorite charity or two and would like to continue that support in perpetuity. You thus designate the specific charity that is to receive grants.
DONOR-ADVISED FUND
You like the advantage of a charitable fund for which you make suggestions on which charities should be supported each year, but you want to avoid the federal restrictions placed on private foundations.
Many community foundations further expand on these types of funds with such variations as:
SCHOLARSHIP FUND
You have your gift used to set up scholarships in your name so that deserving young people can get the education they might not other-wise receive.
OPERATING ENDOWMENT
You are interested in supporting the community foundation so it will be available for all citizens. Your gift provides the foundation with annual operating funds.
ORGANIZATIONAL ENDOWMENT
A charitable organization takes advantage of the community foundation characteristics of permanence, of pooling funds for better investment return, and of reduced administrative costs. The organization thus places its endowment within the community foundation and each year receives income from the fund.
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