Types of Funds
The Fort Wayne Community Foundation offers several types of funds to meet the
needs of donors:
Community Grant Making Funds
Community grant making funds are the broadest option. A community grant making fund can target
dollars toward the community's most pressing needs as those needs change over
time. By making a gift or bequest to create a community grant making fund, you can create
a living legacy that will grow and change with the community. ( Return
to top )
Field of Interest Funds
Field of Interest Funds allow donors to address a cause or issue without the
restriction of naming a specific charity. You decide the purpose of the fund
(such as fine arts, programs for the handicapped, or services for children), and
the Foundation identifies projects that are effectively accomplishing that
purpose over time. ( Return to top )
Donor-Advised Funds
Donor-Advised Funds are the Foundation's most flexible funds. The
donor-advised fund allows you to create a philanthropic fund without naming
specific charities, and then you or someone you designate recommends grants for
charitable purposes. ( Return to top )
Agency Endowments
Agency Endowments are established by donors who wish to specify a particular
charitable agency or organization to receive the proceeds from their fund. The
agency benefits from the Foundation's professional endowment management, freeing
the agency's staff and board to concentrate on their program and mission. In
addition, in certain instances the Fort Wayne Community Foundation will provide
a 20% match for gifts made to agency endowments. Read more about Agency
Endowments here. ( Return to top
)
Scholarship Funds
Scholarship Funds can be used to help pay tuition or other expenses for K-12
students or returning adults attending any educational institution (colleges, private and
parochial schools or vocational schools). Scholarship funds can be of two types: With an advised
scholarship fund, an independent advisory committee works with the Foundation to
identify recipients. With a designated scholarship fund, the amount designated
for disbursement is automatically paid to a school of your choice. It is then
the school's responsibility to annually determine award recipients. ( Return
to top )
Designated Funds
Designated funds are established to ensure that support will be provided to
specific eligible nonprofit organizations, often organizations donors have been
involved with during their lifetimes. If any of the named organizations goes out
of business or changes the purpose of its activities, the Community Foundation
will ensure that the donors' charitable goals are continued. ( Return
to top )
See also:
Advantages of the Community Foundation
Ways to Give
Types of Funds
Establishing Scholarships
Charitable Gift Annuities
Frequently Asked Questions
<< You can also access the above links using the navigation to
the left.
|