Five Types of Charitable Funds
A Donor Advised Fund is an easy and cost-effective way to support your favorite nonprofits anywhere in the country, at any time you choose. Gifts to your fund qualify for an immediate tax deduction, regardless of when you decide to recommend grants. Community Foundation staff will confirm that your recommended charities meet IRS requirements and then issue grant checks to the organizations. The donor retains an advisory capacity in recommending grants from the fund which is individually named and identified with reference to the donor, donors or donor family members.
A Scholarship Fund lets you help students realize their educational dreams, or you can support the schools and universities of your choice. You determine the criteria for selection of scholarship recipients, and we administer the entire process of making the awards.
A Designated Fund is an ideal choice when you want to support one of more favorite nonprofits in perpetuity. Once you designate a charity, we automatically issue the grant check each year. When you endow your designated fund, your giving will provide a lasting legacy to sustain the nonprofits you select. Should any of your designated nonprofits cease to exist or change its mission, the Community Foundation will ensure that the funds are redirected to a similar organization that meets your charitable intent.
Field of interest
A Field of Interest Fund allows donors to specify an interest area, either broadly or narrowly defined. The Foundation has discretion to make grants within the donor's interest area. Funds can be endowed, or principal may also be available for grants depending on donor intent.
An Unrestricted Fund is an ideal choice when you want to give where the need is the greatest at any point in time. Grants from these funds help communities and residents throughout Washington County overcome obstacles, seize opportunities and thrive. You can establish and name an endowed unrestricted fund during your lifetime or create one through an estate plan. The Community Foundation has complete discretion in grant making.
DONATE TO AN EXISTING FUND
Instead of - or in addition to - establishing their own fund, some donors like to pool their charitable donations with other like-minded people to make a more significant impact. They do this by contributing to one or more of the charitable funds we manage. We can help guide you in selecting an existing fund at the Community Foundation that matches your philanthropic passions and goals.
Often times, donors support the Foundation's discretionary grantmaking with a general unrestricted gift. You can also support the Foundation's operations with a gift to the Friends of the Foundation Fund, an operating endowment fund for the Marietta Community Foundation.