Unrestricted Funds are not restricted by the donor for any one purpose; instead, they are used to support the changing needs of our communities. This is the most flexible type of fund.
Donor Advised Funds allow recommendations of distributions to qualified organizations.
Donor Designated Funds permit the support of specific charitable organizations. The fund remains relevant over time and is responsive to changing circumstances.
Field of Interest Funds focus on issues of concern such as health services, the environment, economic development, human services, education, children and youth, family, and the arts.
Scholarship Funds recognize achievement and provide fi nancial support to students who wish to further their education. Donors may specify selection criteria. Some funds may be tailored to specify a variety of criteria such as attendance at a specific college, technical school, or university.
|
Agency Funds support specific nonprofit organizations, and the income earned promotes the ongoing purposes of those organizations.An agency endowment is a way to build a nest egg and attract future endowment gifts.
Administrative Funds are for donors who wish to assist in the work of the Foundation by helping to defray expenses. Income is used to further the charitable purposes of the Foundation by supporting its administrative expenses. The long-term goal of the Community Foundation is to be completely supported by its administrative endowment.
New Funds are funds that were created in the fiscal 2005/2006 year between July 1, 2005 and June 30, 2006. They are a variety of the above types of funds. Funds created after June 30, 2006 will be listed in the 2007 Annual Report which will be published at the end of the year.
|