Designated Funds
Helping
sustain and grow local organizations.
Establishing a Designated Fund
allows you to support the good work of a specific nonprofit
organization. Because it’s given through your community
foundation, your gift provides the organization you select not
only funding, but planned giving and investment management
services and the power of endowment.
A Designated Fund
provides you a wonderful way to give back to one or more
specific organizations that have touched your life. Your gift
provides more than just funding—your favorite organization will
benefit from your community foundation’s investment stewardship
and ability to manage endowment funds. Because your community
foundation handles the details, the nonprofit organization’s
staff is freed up to focus on its mission. And, the community
foundation can facilitate even the most complex forms of giving,
such as planned gifts or gifts of appreciated stock or real
estate.
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 charitable intent.
How it works:
-
You identify an
organization that you wish to benefit.
-
You make a gift
to your community foundation—you can give cash, appreciated
stocks, real estate, or other assets.
-
We set up a
special fund in your name or in the name of the nonprofit
organization you choose.
-
You receive tax
benefits in the year your gift is made.
-
Our board issues
grants to the designated nonprofit organization.
-
We handle all
the administrative details, including managing specific
qualifications that you may establish for grant
disbursements.
-
You receive
updates on the impact the fund is making.
-
Your gift can be
placed into an endowment that is invested over time.
Earnings from your fund are used to make grants addressing
community needs. Your gift—and all future earnings from your
gift—is a permanent source of community capital, helping to
do good work forever.
