Types of Funds
Purpose Funds accept gifts from donors who want the Board of Directors to use their discretion
to make charitable grants to nonprofits that meet the changing needs of our community.
Field of Interest Funds require the Board of Directors to make charitable grants to nonprofit agencies within a broad area defined by the donor. Examples of broad grant making areas include: youth, medical needs, and environment.
Donor Advised Funds give donors the privilege of recommending grants to the Board for organizations and causes that they wish to support with their philanthropy.
Designated Funds use income to support one or more specific organizations which the donor has named in a fund agreement, trust, or will.
Scholarship Funds establish a selection committee to review applications and recommend awards to help with college or continuing education.
Agency Endowment income is disbursed to the establishing nonprofit agency.
Future Funds offer donors who would like to have a fund at the Foundation, but prefer to begin with less than $25,000, the option to establish an account which will grow to a permanent fund over a period of time.
Supporting Organizations offer donors many advantages of a private foundation with favorable tax treatment and with less administrative cost.