A community foundation’s endowment is made up of smaller endowments called “funds,” each of which is established by a separate agreement and is accounted for separately. These funds are designed to carry out the philanthropic intentions of the founding contributors.

The corpus of a fund is pooled with other funds for investment purposes. Disbursements from the fund in the form of grants, scholarships, or payments to designated agencies are made from investment earnings only; the fund principal generally remains intact.

Types of Funds

Funds are administered according to the donor’s wishes and community needs. Donors may choose among several ways to use their charitable gifts:

Endowment (permanent) funds:

• Advised Funds
• Designated Funds
• Field of Interest Funds
• Scholarship Funds
• Unrestricted Funds
• Deferred Funds

Other Funds:

• Non-Permanent Funds
• Growing Funds
  

Contributions

Any person may contribute to any existing fund. Or a donor may create their own named fund with a gift of $5,000 ($10,000 for advised scholarship funds).

Click here for a printable donation form.

For lists of funds, click a link below.