We can help you create a legacy of giving that meets your goals today and for generations to come.
Donor Advised Fund – A personal approach to giving. You recommend grants for charitable causes that have special meaning for you, your family or your business.
Designated Fund – A targeted approach to giving. You choose one or more charitable organizations to receive ongoing support.
Agency Fund – A sustaining approach to giving. Established by a charitable organization as an enduring source of its own support and stability.
Field of Interest Fund – A focused approach to giving. You support a broad charitable cause but allow the Community Foundation to select nonprofit projects or programs that meet your giving goals as grant recipients.
Bright Idea Fund – A flexible approach to giving. You give the Community Foundation Board and committees the means and the freedom to make grants that address ever-changing community needs.
Scholarship Fund – A generational approach to giving. You work with the Community Foundation to establish criteria for selecting deserving students, whether it be ability, need, pursuit of a particular field of study or others. You may choose to be involved in awarding the scholarship.
A minimum of $10,000 ($15,000 for scholarships) is required to begin grantmaking. However, a Future Fund can be started with a minimum of $1,000.
You decide the time frame for your giving. Many donors choose to create a permanent endowment to support their favorite causes in perpetuity with a gift of $10,000 or more ($15,000 for scholarship funds). An endowed fund may distribute up to 5% of its asset value each year (up to 4.5% beginning July 1, 2018). The balance remains invested for future years. If a permanent endowment does not suit your charitable goals, you may establish a non-endowed fund. Grants may be awarded from the fund in any amount, and at any time. If all fund assets are distributed, the fund will be closed. No minimum gift amount or balance applies to non-endowed funds.
As investment returns vary, so will the distribution amount, as shown below:
Illustration only. While investment performance cannot be guaranteed, the Foundation strives to preserve the purchasing power of endowed funds over the long term.
Generally, organizations eligible to receive grants from the Community Foundation for the Fox Valley Region are those determined by the IRS to be public charities. This encompasses most charitable, scientific, social service, educational and religious organizations described in Section 501(c)(3) of the U.S. tax code, as well as government agencies. We encourage you to contact the Community Foundation if you have any question about an organization’s charitable status.
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