Giving Options and Fund Types
The many types of funds available to you through the Community Foundation enable you to give in your own way, on your own timetable.
No matter what type of fund you choose, you can know you're making an impact in your community.
You may donate to an existing fund or establish your own named fund with a donation of $10,000 or more, depending on the type of fund.
- Named, undesignated funds enable you and the Foundation to respond to our community’s needs. Funds such as the Community Foundation’s Leadership Fund provide you with the option to make a meaningful investment in your community.
- Field-of-interest funds allow you to concentrate your giving on a particular issue or geographic area — such as ending hunger, protecting the environment, or supporting the arts. You direct your giving to the nonprofits addressing your concerns.
- Donor-advised funds eliminate the need for a private foundation. You focus on giving to nonprofits of your choosing; we take care of the paperwork.
- Designated funds support your charitable organizations of choice.
- Agency endowment funds are set up by nonprofits to grow their assets and, in so doing, provide permanent sources of revenue for those organizations.
- Named-scholarship funds can benefit individuals attending specific institutions or those with particular backgrounds or interests. You may also set guidelines for candidate selection and scholarship awards.
Leave your legacy
Planned giving integrates charitable giving with your overall financial and estate planning, potentially reducing your estate taxes while supporting your community.
- Bequests: Make a charitable gift from your estate with a simple bequest, as noted in your will or trust.
- Retirement assets: By making the Community Foundation the beneficiary of the most-taxed asset, your retirement account, you can leave more favorably-taxed property to your heirs.
- Charitable lead trust: Place cash or property into a trust that pays a fixed amount to the Community Foundation for a specified number of years. Once this period ends, the assets held by the trust are transferred to the beneficiaries you name.
- Charitable remainder trusts: These gifts allow you to receive income for the rest of your life, knowing that whatever remains will benefit your community.
- Charitable gift annuities: Receive an income for life, while making an immediate, significant gift.
- Life insurance: Simply make the Community Foundation the beneficiary of your policy. You give a significant gift to charity and receive tax benefits during your lifetime.
Also, when you establish a bequest or other planned gift, you become part of the select group of community-minded individuals that make up the Community Foundation's Legacy Society.
Have questions about giving? Contact our President & CEO, Dennis W. Fliehman.