Friday, October 24, 2014

Types of Funds

The Community Foundation will provide guidance, design of your fund, and will suggest how it can be managed; thus ensuring your success in providing support for important causes.

  • Named Fund/Memorial Fund - honors someone who has passed away
    • Family Fund; i.e., the "Smith Family Fund"
    • Individual Fund; i.e, the "Robert Smith Fund"
  • Agency Fund - for a specific nonprofit charitable agency
  • Affiliate Fund - a supporting foundation with a distinct identity and separate advisory board, decision making, and grant making
  • Honorary Fund - honors someone living
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