The Community Foundation is here to help you accomplish all your charitable giving goals. Our knowledgeable staff can help guide you through the various funding options. Whether you would like to set up a fund now or learn about planned giving for the future, we can help tailor your fund needs.
If you would like to set up a fund, one of our most popular options is a Donor Advised Fund (DAF). We offer two types of Donor Advised Funds, endowed or non-endowed. Please read below to discover what fund fits your philanthropic goals.
An endowment is a permanent fund of which the interest in available for grants to nonprofit organizations while the principal (initial amount used to open the fund) remains intact. The amount available for grant distribution is based on our spending policy. As the principal balance can never be spent, the endowment earning power is protected against inflation, and the principal amount gifted will never deplete. This way, the fund will continue to give for your charitable desired in perpetuity.
Non-Endowed fund have no permanent principal balance and are immediately available for grant distribution. However, the fund balance is finite in existence. Unless additional funding is provided, the balance available will run out over time.