Types of Funds

There are a number of different types of funds in the Community Foundation to meet donors' charitable goals. Endowments provide opportunity to support causes and aspects of the community you wish to nurture and financially support forever. 


  • UNRESTRICTED FUNDS

    An unrestricted fund allows the Foundation the flexibility to decide where the earnings can be used most effectively each year to meet community needs as they change over time.  

  • designated funds

    Designated funds benefit specific eligible agencies or projects selected by the donor.

  • field of interest funds

    These funds allow donors to support a cause or area of charitable interest without naming a specific charity. The Foundation makes grants from the fund to appropriate programs that address the particular broad field of interest.

  • advised funds

    Advised funds offer donors the opportunity for ongoing involvement with the fund. Donors may suggest possible grant recipients to the Foundation each year. 

  • charitable organization funds

    Agencies and organizations may establish an endowment to support their charitable mission. In doing so, the nonprofit group builds their assets and receives a stream of revenue for their operations.


  • non-permanent funds

    These temporary or pass-through funds are established for charitable community projects or goals. The entire principal of the fund is eventually expended for the purpose intended.


  • growing funds

    Growing Funds help donors establish and grow charitable endowments through regular additions over time. Donors may begin a named fund with a minimum amount if the corpus is likely to reach the required endowment minimum within 3 years.


  • scholarship funds

    Scholarship funds are established to help students achieve their educational goals using eligibility requirements important to the donor. Discretionary scholarships receive no advice or recommendations from the donor for recipient selection. Advised scholarships allow the donor or designee to participate in an advisory role.