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Opportunity Fund - Responding to perhaps the most urgent needs of the community, this fund allows a gift to be directed where it will do the most good, based on ever-changing community needs. Local non-profit organizations submit grant applications to be considered and reviewed by Foundation staff and a grants committee consisting of community volunteers. The grants committee makes grant recommendations to the Foundation's board of directors for approval. Field of Interest Fund - These funds (like the Needy Children's Fund) allow you to address a cause or issue of particular importance without having to name specific charities. You name the purpose of the fund and the Foundation identifies the projects that can most effectively accomplish that goal at any given time.
Donor Advised Fund - You
create a
fund without naming any specific charitable institutions, but retain the right to
recommend grants to charitable agencies of your choice over time. The fund can Designated Fund - You name a particular charity or charities to benefit from the fund. The designated charity benefits from the Foundation's pooled investment management capabilities and you have the assurance of knowing that if the organization ceases to exist, the Foundation's board of directors will preserve your intent by redirecting the fund to the closest similar use. Scholarship funds and nonprofit organization funds fall under the designated fund category.
Future Fund - You may start a Future Fund with an initial contribution of $1,000 and make contributions thereafter until the Fund grows over time to the minimum named fund level of $10,000. Little Women's Future Fund - You start a future fund
in the name of a girl or young woman. When the fund grows to a
minimum of $10,000, the honoree recommends grants to charities, with the
assistance of an adult until age 18. Half of the amount available for
grantmaking goes to the Women's Fund. Young Philanthropist Fund - You
start a future
fund in the name of a young person. When the fund grows to a
minimum of $10,000, the honoree recommends grants to charities, with the
assistance of an adult until age 18. Half of the amount available for
grantmaking goes to the Community Foundation Opportunity Fund or any Field
of Interest fund. Supporting Organization - A separate entity from the Community Foundation. It makes its own decisions, has its own board of trustees, and has its own 501c(3) tax-exempt status from the Internal Revenue Service. A supporting organization receives significant tax, administrative and reporting benefits as a result of its relationship to the Community Foundation, a public charity. Advantages also include the Community Foundation's expertise regarding asset management and grant making, as well as its community contacts and knowledge, permanence, and support staff and resources. Supporting
organizations within the
Thanks to a Mielke Family |
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