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| Types of Funds Donor Advised | Scholarship | Organizational Endowment | Unrestricted | Designated |
Donor Advised Funds Donor Advised funds offer a high level of involvement and flexibility while freeing the donor from the administrative time and expense associated with creating and running a private foundation. The donor has the privilege of recommending grants to charitable organizations that match their interests. The Community Foundation staff continually shares information on local non profit organizations and community projects the donor might find of interest. Advised funds allow the donor to involve children and family members and name unlimited successor advisors. The Community Foundation prides itself on recording the original donor’s interests and the philanthropic intent of the fund. We want to ensure a legacy is built for each family and their advised fund. |
Scholarship Funds Scholarship funds allow our donors to invest in the future by helping deserving students pursue higher education. Students benefit from the financial assistance as well as the academic recognition of being a scholarship recipient. The Community Foundation will work with each donor to establish selection criteria, scholarship guidelines, an application process, procedures for awarding the scholarship(s), and appoint selection committee members. If requested by the donor, scholarships are also listed on our website and students can review selection criteria and download an application. Go to Scholarship Funds>> |
Organizational Endowment Funds: A unique opportunity for community foundations is working with other non-profit organizations and helping them to build their endowment. The Community Foundation offers many benefits to these organizations, including high quality and diversified investment management, planned giving support, publicity and workshops focused on fundraising to those organizations that choose to create their endowment fund at CFCG. Read more about Organizational Endowment Funds >> |
Unrestricted Funds Unrestricted funds allow the Community Foundation Board of Directors the discretion to make grants to address the most urgent needs and opportunities of the community. Unrestricted funds are long term funds which are intended to be available to benefit the community forever. Find out more. >> |
Designated Funds Designated funds are established when a donor wishes to concentrate their philanthropic interest on a few, specific organizations. They designate the charities that will receive grants annually from the fund, in perpetuity. In the event a named organization ceases to exist, then the Community Foundation’s Board reallocates the funds in accordance with your original intent and wishes.. |
