Tuesday, September 02, 2014

Starting a Fund

A simple interview with a Community Foundation staff member is all it takes to get started.  A minimum of $5,000 is requested to establish a Fund, however smaller contributions may be made and accumulated.  Once the minimum amount is reached your priorities are addressed and a Fund Agreement will be drawn up to incorporate every detail of your plan.  Each Fund has its specific purpose and as its revenue stream becomes available grants are awarded according to your intentions.

Typical Fund Purposes

  Your fund's purpose is any cause you think is important. The application of revenues can be as varied as personal interests:   

  • Unrestricted Endowment - general Foundation operations, community betterment
  • Medical - research, facilities, general healthcare, child immunization
  • Educational - scholarships for any field or endeavor
  • Bricks and Mortar - buildings, maintenance, general operations
  • Special Interest - community projects, charity support   Human Services - senior issues, child issues, handicap issues
  • Animal, Environmental - animal care and adoption, land use and protection
  • General Interest - any category of need as determined by you
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