Endowment Fund Options
Individuals, families or others may wish to create and establish their own permanent endowment funds. You may select the type of fund that best suits your charitable interests, name the fund, select a trustee bank, and determine how to fund it. A minimum of $10,000 is requited to establish a fund.
Build-A-Fund
The Foundation’s Build a Fund option enables you to develop a charitable fund over time. This opens the door to those who would like to give back to the community, but have felt philanthropy was out of reach. You can establish a fund by making your tax-deductible contributions over a four-year period.
Unrestricted
This type of fund provides the Board of Directors the most latitude and flexibility in responding to changing community needs in the broadest areas of charitable interests for the present and future.
Field-of-Interest
This type of fund addresses the particular areas of charitable interest or needs of the donor, but does not limit grants to a particular nonprofit organization.
Donor-Designated
This type of fund allows you to name one or more specific nonprofit charitable organizations to receive grants from the fund.
Donor-Advised
This type of fund allows you or your appointed Advisory Committee to make periodic recommendations for grant distributions from the fund.
Organization Endowment
This type of fund allows nonprofit organizations to establish a named permanent endowment fund for their own benefit within the Foundation, rather than establishing and managing a separate fund or foundation.
Scholarship
This type of fund provides opportunities for a donor to aid area students in furthering their educational opportunities and choices.