Types of Charitable Funds
Great giving options. Choose the one that’s right for you.Donor Advised Funds – a personal approach to giving
Establishing a Donor Advised Fund with the Community Foundation allows you to make a gift to the Community Foundation, then remain actively involved in suggesting uses for your gift. You can work with the community foundation’s professional program staff to suggest ongoing uses for the fund — targeting the issues you care about most. Grant awards are issued to charities in the name of the fund (or anonymously if you prefer). It’s a simple, powerful, and highly personal approach to giving.
Unrestricted Funds – meeting ever-changing community needs
When you establish an Unrestricted Fund, your gift can address a broad range of local needs — including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being: child and youth development; education; health, mental health and aging; military personnel & their families; poverty relief and homelessness and transitional housing; arts and culture; the environment; and more. The flexibility of your unrestricted gift enables your community foundation’s program experts to respond to our community’s most pressing needs, today and tomorrow.
Field of Interest Funds – connecting personal values to high-impact opportunities
By establishing a Field of Interest Fund, you can target your gift to address needs in an important area of community life. Arts. AIDS. Aging. At-risk youth. You identify your personal interest area when making your gift; our board awards grants to community organizations and programs that are making a difference in the area you select. Your gift stays flexible enough to meet community needs in your interest area — even as they change over time.
Scholarships – investing in deserving students
In creating a Scholarship, you invest in your community’s future and show students you care. NVCF provides the expertise to help you meet your personal goals and awards Scholarships to deserving students. Your gift can help students — from preschool to postgraduate — achieve their lifetime dreams.
Designated Funds – helping local organizations sustain and grow
Establishing a Designated Fund with the Community Foundation allows you to support the good work of a specific nonprofit organization — a senior center, museum, or virtually any nonprofit charitable organization. Because it’s given through your community foundation, your gift provides the organization you select not only funding, but planned giving, investment management services, and the power of endowment.
Agency Endowments – endowing your nonprofit organization
Nonprofit organizations can also establish a Designated Fund or Agency Endowment at the community foundation. It’s a simple and efficient way to build an endowment — and help create sustainability — for your nonprofit organization. The community foundation’s experienced board and staff can also assist with investment management and administrative details.