Agency Endowment fund
Non-Profit organizations create permanent endowment funds that provide annual income to the organizations.
A designated fund allows you to name a particular charity or charities, or field of interest to benefit from your fund in perpetuity. The Foundation provides oversight to ensure that the gift is used exactly as you intended. Finally, you have the assurance that, should the designated charity ceases to exist, the Foundation’s Board of Directors will preserve your intent by redirecting the fund toward the closes similar use.
Donor Advised Fund
Donors who want to be actively involved with their philanthropy may make grant recommendations to the Board of Directors which retains final responsibility for all distributions.
A scholarship fund can be created to accomplish specific education objectives. It can be designated for any level of education, from preschool to postgraduate work. Donors may designate a particular field of study , select eligibility requirements and define a fund’s advisory committee.
An unrestricted fund is your broadest option. These general funds allow the Foundation the flexibility to address the community’s changing needs through strategic grant making each year. Rather than designating how the money will be spent, you allow the Foundation to determine the most effective ways to meet our communities most compelling opportunities and most pressing needs.