Types of funds

The Community Foundation offers a variety of funds to meet your needs. Our team is ready to help when the time is right for you!

Donor-advised Fund

A donor-advised fund enables you to establish a specific account for charitable giving. You make tax-deductible contributions of cash or other assets to the fund, and then you are able to recommend grants to favorite charities. 

Unrestricted Fund

The Community Foundation has its finger on the pulse of the community’s most pressing issues. An unrestricted fund gives you the opportunity to support community needs that can’t be identified until the future. One of the biggest benefits of a Community Foundation is its perpetual structure that allows you and your family to offer support to nonprofits that evolves over time as priorities in the region shift. 

Field of Interest Fund

Donors who want to target giving to specific areas of community need (such as education, health, environment, or the arts) can establish a field of interest fund to establish parameters for grant making under the ongoing guidance and expertise of the Community Foundation’s staff.  

Designated Fund

A designated fund allows a donor to direct giving to a specific agency or purpose. Over time, the Community Foundation's staff manages the distributions from the fund according to the terms established by the donor.

Agency Fund

An agency fund is similar to a designated fund, except in the case of an agency fund, the source of the initial contribution is the beneficiary nonprofit organization itself, not a donor or donors as is the case with a designated fund.

Nonprofit organizations frequently establish agency funds at the Community Foundation to set aside reserves or rainy day funds. The team at the Community Foundation is adept at navigating the specific accounting standards that are unique to this type of arrangement.

Scholarship Fund

Donors can set up funds to support students’ educational pursuits based on the parameters and application requirements they select with help from the experts at the Community Foundation.