The Community Foundation manages several types of funds to meet the needs of donors, non-profits and the community. Based upon fundholder preference, each fund is structured as a Spend Down, Endowment or Investors Circle Fund.
Contact Karen Coleman, 739-1026 for more information.
Types
The Community Foundation's Competitive Grant Funds
Take comfort in the knowledge that your contribution will make a significant impact in our community through the expertise and due diligence of our Grants Committee, a diverse group of community volunteers. Our grant awards are based on the magnitude of community need and an organization’s ability to impact that need. If you wish, your gift may be designated to specifically support work in Arts & Culture, Health & Human Services, Education, Conservation & Environment or Civic involvement.
Donor Advised Funds
Combine convenience, flexibility and value with the expertise of our professional staff to make your charitable work effective, efficient and meaningful through a Donor Advised Fund. You receive an immediate tax benefit when you contribute to your fund, but you may subsequently recommend grants to qualified non-profits when you wish. You can easily realize and share your philanthropic vision with ongoing advisory involvement and the ability to name successor advisors to your fund.
Designated Funds
Benefit one or more specific organizations or charitable projects by establishing a Designated Fund to address either immediate or long-term needs.
Agency Funds
Simplify your non-profit organization’s asset management with an Agency Fund, leveraging our investment oversight, portfolio size and experience in fund administration. Agency Funds can provide your organization with a permanent source of operating income or professionally managed “rainy day” funds.
Affinity Funds
Non-related donors who share a common vision or goal can establish an Affinity Fund to collectively recommend grants, supporting a wide array of causes.
Award Funds
Recognize and inspire excellence by developing criteria to award merit based grants to organizations or individuals from an Award Fund.
Scholarship Funds
Help local youth pursue educational opportunities by establishing a Scholarship Fund, tailored to meet you interests, or contributing to an existing fund. Fundholders may recommend scholarship guidelines and recipients to the Community Foundation Scholarship Committee.
Fund Structures
Any of the structures below may be used with any of the fund types above. Fundholders with fund assets in excess of $1 million may recommend an alternative investment advisor or manager for their funds.
Spend Down
With a Spend Down Fund, gift principal is fully available for granting. Income earned on these funds accrues to the benefit of the Community Foundation's operating fund. No administrative fee is assessed, and there is no restriction on the number of grant requests.
Endowment
Endowment Funds allow you to provide stable, perennial financial support to the organizations, needs and causes most important to you. Endowments operate much like a private foundation, yielding a set percentage for granting each year, but without the need for you to manage the legal reporting requirements or staffing needs. You may recommend current and future grant recipients or enrich the lives of your children by passing your giving legacy to them. Investment income accrues to the fund, and a quarterly administrative fee based on a percentage of assets supports the Community Foundation's operations.
Investors Circle
Investors Circle Funds offer you as a donor or a non-profit the ability to participate in the investment returns of the Foundation’s portfolio. These funds may function similarly to a Spend Down Fund or an Endowment Fund, depending on the needs of the fundholder, but are not endowed. Investment income accrues to the fund, and a quarterly administrative fee based on a percentage of assets supports the Community Foundation's operations.
Please see our Fund Administration and Fees page for more information about the above Fund Structures
