types of funds

Community Foundation of Pulaski County accepts permanent, non-permanent and growing funds. Permanent funds are invested, and only the income is made available for grantmaking. The principal is not spent, but retained for growth.

Non-permanent funds generally provide grant support from fund assets as well as income.

permanent endowment funds

A permanent endowment fund can be established at the Community Foundation with a gift of $10,000 or more. Scholarship funds require a minimum of $20,000.  

  • unrestricted funds

    Unrestricted Funds provide the Foundation with 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 are established by a donor or organization to benefit one or more specific charities.

  • 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 receives a stream of revenue to fulfill its purpose.

  • 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.

non-endowed funds

Each of the types of permanent funds listed above may also be created in non-permanent form. These are typically short-term funds and shall be held in an account with no earnings, gains or losses credited. 

  • non-permanent (pass-through) funds

    These temporary or pass-through funds are established for charitable community projects or goals and are typically short-term funds that shall be held in an account with no earnings, gains or losses credited. The entire principal of the fund is eventually expended for the purpose intended. The minimum required is $250.

  • growing funds

    Growing Funds help donors grow and establish charitable endowments through regular additions. Donors may begin a named fund with a minimum of $4,000 for endowments or $8,000 for scholarships if the corpus is likely to reach the required fund minimum within 3 years.