A private foundation alternative that allows you to receive an immediate tax deduction for your charitable contribution and then recommend grants to causes that inspire you.
Types of Funds
Donor Advised Funds
Scholarship Endowment Funds
Scholarships allow you to create a program that will provide financial support to deserving students, at any stage in their educational life, to pursue training or other educational opportunities.
Designated Endowment Funds
This fund allows you to establish a fund in a family name while designating specific nonprofits you would like to support every year, forever.
Agency Endowment Funds
This fund allows a nonprofit to establish a permanent pool of assets which will grow over time for permanent financial sustainability.
Field of Interest Funds
Endowed funds established to support broad areas of interest (ie: arts, education, healthcare) and under the discretion of the Community Foundation’s grantmaking expertise.
Unrestricted Endowment Funds
By creating a named unrestricted endowment fund, your gift empowers the Community Foundation to address our region’s most pressing needs and emerging opportunities while honoring a family name.
Charitable Gift Annuity
Allows a donor to receive regular income for the rest of their life while also receiving an immediate tax deduction for their charitable contribution and designating the residuum to support an Agency Endowment.
Alison Gerardot, Vice President of Philanthropic Services & Women’s Fund Coordinator
We are here to help you give back to a community that has given you so much!
If you have questions about our fund types or are wanting to start a fund, call Alison Gerardot at 260-969-3313 today!