Unrestricted Fund
An unrestricted fund gives The Foundation flexible, permanent resources in order to respond to the pressing and changing needs of the community. These funds are overseen by our Board of Directors, who set priorities for their use and determine how grants will be distributed to support the charitable needs of our community.
Field of Interest Fund
Field of interest funds support broad areas such as the arts, the environment or health. They can even be focused on a more narrow interest such as children with cancer. Donors can participate in the grant-making process or utilize the staff’s knowledge in identifying worthy grantees.
Designated Fund
Distributions from a designated fund are earmarked for a specific agency as determined by the donor at the time the fund is created. If a designated agency ceases operation, it falls to The Foundation to reapply the funds to a similar purpose in the community.
Agency Endowment Fund
Agency endowment funds allow nonprofit organizations, or an individual donor, to create a permanent and predictable source of funding dedicated to the organization. The agency can add to the fund over time as well as encourage individuals, organizations and businesses to make donations.
Donor-Advised Fund
A donor-advised fund allows the donor to make recommendations for specific charitable projects or organizations they want to support. However, the recommendations are subject to the approval of The Foundation’s Board of Directors.
Scholarship Fund
Scholarship funds can be structured to benefit students at any education level, or, eligibility may be available only to students attending a specific institution or studying a single subject. As with funds, a scholarship fund may be established to honor a loved one.
Acorn Fund
Acorn funds allow individuals, families and organizations to build an endowment over time. Donors are allowed five years to reach the minimum required to establish a permanent endowment.
Community Partnerships
Community partnerships represent specific agreements where The Foundation received and administers funds that benefit the area. This type of partnership is only entered into after careful consideration.
Non-endowed Funds
Each of the above funds can be designated as either an endowment, which does not allow for the distribution of the principal funds; or as a non-endowment, which allows the principal to be invaded.
Please contact us at our office to assist in planning a fund or with any questions about the above types of funds.