Establishing a Designated Fund allows you to support the good work of a specific nonprofit organization — a senior center, museum, or virtually any nonprofit charitable organization. Because it's given through your community foundation, your gift provides the organization not only funding, but also the power of endowment. Your gift provides more than just funding — your favorite organization will benefit from your community foundation's investment stewardship and help with administrative details.
You can add to the fund at any time. If the organization you select ceases to exist or changes in mission, the fund can be redirected so that it continues to address your original charitable intent.
Endowing your nonprofit organization
Nonprofit organizations can also establish a Designated Fund or non-profit endowment at the community foundation. It's a simple and efficient way to build an endowment — and help create sustainability — for your nonprofit organization. We handle investment management and the administrative responsibilities related to endowment so that your organization's staff and volunteer hours are concentrated on fulfilling your mission.
Your donors can be sure that the endowment fund's principal will not be spent and can grow over time, providing a source of lasting support. And the community foundation's economies of scale provide your organization the benefits of a diverse investment portfolio and low investment fees that typically come only with very large funds.
Your organization's regular donors can leave a bequest through the community foundation to benefit your organization forever and create a personal legacy. The community foundation can facilitate even the most complex planned gifts or gifts of appreciated stock or real estate.
Scholarship funds may be established by individual donors, organizations and incorporations. The funds are established by an agreement with the foundation and must adhere to all foundation policies and IRS regulations.
"I have found that among its other benefits, giving liberates the soal of the giver."