|
Types
of Funds Held at Community Foundations
Unrestricted Fund You
want your charitable gift to accomplish the most to improve the quality of
life in your community. You believe that as conditions change, a group of
citizens from your community will be best able to assess the current
charitable needs and to be creative and flexible in their grantmaking. Field-of-Interest
Fund You are interested
in a particular field (e.g., education, youth, environment) but you do not
want to restrict the grants to be made over the years to any specific
organization serving that field. Designated
Fund You have supported a
favorite charity or two and would like to continue that support in
perpetuity. You thus designate the specific charity that is to receive
grants. Donor-Advised
Fund You like the
advantage of a charitable fund for which you make suggestions on which
charities should be supported each year, but you want to avoid the federal
restrictions placed on private foundations. Scholarship
Fund You have your gift
used to set up scholarships in your name so that deserving people can get
the education they might not otherwise receive.
|