You can establish and name an endowment with its own unique purpose for a minimum contribution of $5,000. Creating an endowment ensures your legacy will live on forever.
There are many types of endowments you can establish:
Unrestricted Endowment
Field of Interest Endowment
Donor Advised Endowment
Designated Endowment
Scholarship Endowment
Organizational Endowment
Mixed Endowment
Other funds you can establish:
Non-Endowed Donor Advised Fund
Supporting Organization
The donor places no restrictions on the fund purpose, allowing the Community Foundation to award grants to meet emerging community needs.
The donor names a broad area of interest to support, like conservation, children, education, the arts, health and human services, and more.
The donor takes an active role in philanthropy by making grant recommendations to the Community Foundation.
The donor names one or more nonprofit organization(s) to receive perpetual support.
The donor establishes criteria to provide financial assistance to students for educational expenses.
A nonprofit organization establishes this type of endowment to carry out its mission, provides a permanent funding source for the future.
These funds support a wide range of donors’ charitable interests, some of which are specific and others that may be broadly defined.
This fund is a flexible and convenient option for donors who want to be actively involved in philanthropy, but may not have time to do the background work that goes into making informed charitable decisions. Donors make grant recommendations to the Foundation’s board of directors, while the Foundation takes care of the paperwork and check-writing. Because this fund is not a permanent endowment, the donor may recommend the Foundation distribute the entire fund.
This is a special type of charitable organization that, based upon its relationship to the Community Foundation, is itself classified as a public charity. A supporting organization provides the flexibility desired by donors to meet their objectives without the regulations, requirements and overhead expenses associated with a private family foundation.
