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Types of Endowment Funds
A donor may make a gift of ANY size to the foundation
for the community's benefit. You may wish to specify
certain organizations to receive your gift or
certain areas of interest, such as education,
youth, or the arts. Or you may let the Foundation
decide - this enables a response to needs as they
arise and change.
Any of the types of funds listed below may be
established as a permanent named fund to commemorate
a family, a person, or an organization. All of
our endowment funds are invested together, but
separated for bookkeeping purposes. The earned
income from the investments is used for grantmaking.
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Undesignated Fund
Donor lets the Foundation identify community
needs and choose how the income will be
used.
Learn more about the benefits
of Unrestricted
Funds.
Donor Advised Fund
Donor retains the right to recommend grants
within or outside our community.
Learn what a Donor
Advised Fund can mean to your family.
Scholarships
Donor establishes fund to assist student(s)
in obtaining an education.
Field of Interest
Donor limits the Foundation to choices within
a specific charitable area (e.g. youth education,
arts, etc.).
Designated Fund
Donor names a specific charitable organization
or project as recipients.
Agency Endowments
Charitable organization gives its endowment
to the Foundation to manage, with the organization
receiving annual earnings.
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