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The Community Foundation offers a variety of fund options to help your clients meet their philanthropic goals. From donor-advised funds (which allow your clients to engage in active grantmaking) to unrestricted funds (which rely on the foundation’s knowledge of the community for grantmaking decisions), our funds allow your clients to choose their level of participation.
Donor-advised funds are charitable funds for donors seeking active involvement in grantmaking. Donors – and their children, if desired – advise or recommend grants from their fund to support nonprofit organizations. Donors can work with foundation staff to create a lasting, impactful philanthropic legacy.
Supporting organizations are separate legal entities that are affiliated with the Community Foundation. Established with their own boards of trustees, grantmaking identities, and governance structures, supporting organizations enjoy public charity status and the professional services of the foundation, including staff and administrative support.
Donors can support changing community needs by providing unrestricted support. Donors may create a named endowed fund whereby the foundation's board of directors will use the funds to address pressing community needs.
Donors who select these funds are able to benefit specific programs in the arts, education, or another broad area. By naming a program area and not a specific organization, flexibility exists to meet the ever-changing needs of the community.
Scholarship funds support those who want to pursue education, whether they're high school graduates pursuing a college degree or nontraditional students who are returning to the work force. Donors work with foundation staff to devise selection criteria. Donors may, if desired, also participate on scholarship selection committees with foundation staff and foundation-appointed community volunteers to identify recipients.
Oftentimes, donors wish to support a specific nonprofit organization. Once established, grants are made annually to the organization(s). Foundation staff monitor the organization to honor your client's philanthropic intentions. With a designated fund at the Community Foundation, your clients receive professional management and grant monitoring.
Organizations can establish endowment funds at the foundation. Created to provide financial support to the nonprofit organization in perpetuity and be a conduit for planned gifts. |
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