Ways To Give
Types of Funds
Unrestricted Funds allow for the greatest flexibility when donating charitable gifts. They allow the Board of Directors the opportunity to assess the greatest needs of the community and assist the community's individual programs.
Agency Funds are for any non-profit organization or agency who wishes to establish endowment funds with the Foundation for management and investment purposes. The Foundation regularly distributes the annual income back into the organizations and agencies for operating the programs of the agencies.
Field of Interest Funds allow donors to respond to certain program areas, such as youth, education, health, environment, arts and culture, etc. Grants made from these funds specify the field of interest, but not the charitable agency.
Designated Funds not only allows donors the opportunity to support their favorite charity, but also allows the support to continue in perpetuity. The donor merely selects the charity that they wish to support when they create the fund.
Donor Advised Funds give the donor the advantage of assisting in charity selection each year, but allows the donor exemption from federal restrictions placed on private foundations. The Foundation's Board of Directors, however, makes the final decision for the grants in accordance with Federal Tax Code regulations.
Scholarship Funds may be established in memory of a loved one or to honor family or friends so that deserving people can get the education they might not otherwise receive.
Non-Permanent Funds are typically established at the request of a donor to provide support from fund principal for charitable recipients recommended by the donor. The recommendations must be advisory only, and the community foundation is free to reject any recommendation.
Heritage Funds are offered by each county for donors to donate gifts in memory or honor of loved ones, family or friends. The Northern Indiana Community Foundation allows for substantial latitude in the design of individual programs to meet different needs.
Operating Endowment Gives donors the opportunity to support the community foundation's internal operations.
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