Types of Funds

Types of Funds

Donors often find that it is much easier to establish a fund with the Community Foundation than to form their own foundation. We provide a mix of accounting and investment services, help connect you to local nonprofits and community needs, and free you to focus on making the biggest impact with your limited funds. Different people and families think about giving differently so the Community Foundation has several ways for making a gift or establishing a fund so you can find the giving process that best suits your efforts.

A donor-advised fund allows you to actively participate in the granting process by periodically recommending how to use a gift. CFCM verifies that the donor’s recommendations are to a qualified public charity and processes all of the necessary paperwork related to the gifts. Grant awards are issued to charities in the name of the fund. Contributions to the fund qualify for income tax deduction for the year they are made by the donor.

Benefits to Donors

  • Low-cost alternative to private foundation
  • Flexible
  • Activity involves donors and successors in grating process
  • Teaches younger generations about philanthropy
  • Builds relationship with CFCM

Benefits to Recipients

  • Provides support for select nonprofits
  • Actively involves interested donors with specific nonprofits

The donor instructs the Community foundation to use the available grant dollars in a particular program area, such as education, health, youth, the environment and so forth, rather than restricting the money to one organization. Field of interest funds are flexible enough to meet changing community needs in specific interest areas.

Benefits to Donors

  • Matches grant making with donor interest
  • Recognizes donors for their interest
  • Allows flexibility to provide grants for new organizations and programs in the future

Benefits to Recipients

  • Provides more resources for a particular field
  • funds a variety of organizations and helps facilitate collaboration among them
  • focuses community attention

The donor instructs the Community Foundation to pay available grant dollars to one or more specific named charitable organizations, usually in perpetuity. Donations are then sent in the donor’s name each year. The foundation monitors how donations are used to be sure a need always exists.

Benefits to Donors

  • Allow guidance during and after lifetime
  • Gives donors an identity with nonprofits

Benefits to Recipients

  • Provides ongoing support, financial security, and non-competitive funds
  • connects donors and nonprofits forever

Scholarship funds allow donors to invest in the community’s future and help deserving students—from pre-school to post-graduate—achieve their lifetime dreams. These funds provide support for individuals pursuing a training or educational opportunity. As part of the fund, donors can specify certain eligibility criteria.

Benefits to Donors

  • Allows donors to recognize outstanding students
  • Can establish a memorial to loved ones
  • Sets example for younger generations

Benefits to Recipients

  • Provides needed funds for education
  • recognizes recipients and institution
  • exposes recipient to philanthropy

The donor allows the Community foundation board of trustees the discretion to use available grant dollars for a broad range of community issues. This provides the foundation the opportunity to respond to changing and unexpected community needs that often cannot be anticipated at the time the gift is made.

Benefits to Donors

  • Supports a wide spectrum of the community in perpetuity
  • Casts donors as charitable visionaries who help transform the community
  • Allows support to change as communities change

Benefits to Recipients

  • Addresses issues that may not be supported by restricted funds
  • provides for changing community needs
  • enables strategic grantmaking initiatives
  • Funds innovate ideas
  • offers maximum flexibility

Start Making a Difference Today

Leave Your Legacy.

DONATE TO A FUND

Start Your Fund Today!

Leave Your Legacy.

DONATE TO A FUND