Find the right fund structure for your philanthropic goals
Our Community Foundation offers several types of funds to help you achieve your charitable dreams.
An Unrestricted Community Fund allows Our Community Foundation to make grants to a variety of community programs and services that address community needs. If you care deeply about Daviess County, this is a great way to give back to the community. These funds are flexible community resources that can respond to changing and emerging needs.
A Donor Advised Fund makes it possible for you to consolidate your charitable giving into one vehicle. Once the fund is established, you may recommend grants at any time to any 501(c)(3) public charity. When you establish a Donor Advised Fund, you retain the ability to recommend which organizations are to receive grants from it.
A Designated Fund allows you to name one or more charitable organizations to benefit from the fund.
A Field of Interest Fund gives you the opportunity to target your contribution to one or more fields of interest that you care about most such as education, youth, health, the arts, etc. These funds are broad in scope yet targeted to meet the needs of the community.
Best for: Donors passionate about a cause area over a specific organization
An Agency Fund is a fund established with Our Community Foundation by a nonprofit organization. The Agency Fund allows the organization to take advantage of the Community Foundation’s investment management and frees the organization from related administrative work.
Best for: Nonprofits seeking professional investment management for their reserves
Operating Funds help make charitable giving education available to our community and support the Community Foundation’s continuing operations.
Best for: Donors who want to support Our Community Foundation’s day-to-day work.
A Scholarship Fund enables you to help deserving students. You can designate any level of education, a field of study, and eligibility requirements within parameters established by the IRS. All scholarship awards to individuals are made on an objective, nondiscriminatory basis from a pool of persons chosen based on criteria reasonably related to the purposes of the fund from which the grant is made.
Best for: Donors who want to invest in education and student success
Not sure which fund type is right for you? We'll walk you through the options and help you make the best decision for your goals, your family, and your community.
Next Step: Contact us to start the conversation
Contact us and we’ll help you determine the best fund type for your goals.
