Types of Funds

Create a difference

Starting your own fund within the GiveWell Community Foundation is probably easier than you think. The Community Foundation’s professional staff can create a personalized fund agreement based on your financial needs and charitable goals and to structure your fund in a way that meets your intent.

 

Donor-Advised Fund

Donor-advised funds permit donors to participate in the funding process by suggesting grants to nonprofit organizations. This type of fund provides convenience and flexibility by allowing donors to support various charitable organizations over time through one initial donation. For some, this is an attractive alternative to a private foundation.

Designated Fund

This fund supports one or more nonprofit organizations the donor selects. Donors may establish a designated fund, ensuring continuous gifts to their favorite charitable organization and perpetuating their charitable goals. A fund can be designated right away or become designated after the fund advisor is no longer able or willing to make recommendations.

Unrestricted Fund

This fund offers the greatest flexibility in responding to the community’s changing needs and allows the Community Foundation to address issues as they emerge. By creating unrestricted funds, donors create a legacy that will grow and respond to the ever-changing needs of the community.

Field of Interest Fund

This fund allows donors to support broad areas of interest, such as education, the arts, the environment, or youth services. Through competitive grants to organizations working in the fund’s defined area of interest, donors can make an impact in a lasting, meaningful way.

Agency Endowment Fund

This fund is created by a nonprofit (or third party) to protect charitable dollars for the future of their work and mission. Through this type of fund, nonprofits build endowment guaranteed to receive prudent stewardship, while providing a lasting source of income.

Memorial Fund

Sets up a fund to forever honor a family member or friend. The fund may be designated to a field of interest(s) or specific charitable organization(s) which would have pleased that person. The fund will be held in a money market account.