Unrestricted Funds – Supports any charitable purpose. The Bequest Committee will make general-purpose grant spending recommendations to the board from these funds. These funds typically fulfill semi-annual grant requests from area organizations.

Designated Funds – Supports a specified public charity as established by the donor (for example: museum, church, hospital, library, youth organization).

Field of Interest Funds – Supports a specified charitable purpose as established by the donor, but not restrictive to a specific charitable organization.

Unrestricted Scholarship Funds – Provides general educational scholarships to individuals with no restrictions.

Designated Scholarship Funds – Provides educational scholarship to individuals with criteria on who should receive funds (for example: students graduating from named high school, enrolled in a specified major, and/or attending a specified university).

Charitable Organization Funds – Established by a charitable organization to provide support for the agency’s exempt purposes (for example: youth organization, service club, non-profit endowment).

Multi-Purpose Funds – Often a combination of the various permanent funds (for example: Percentage of income directed as a Designated Fund and percentage of income directed towards Scholarship Funds).

Donor Advised Funds – Created by a donor to provide support for charitable activities recommended by the donor (for example: direct charitable contribution towards youth camp, library, arts organization, church).

Community Project Funds – Established by a group of individuals who determine a solution to a community need. Often the group does not have a 501(c)3 status and uses The Foundation as an umbrella for donors to make charitable gifts towards the project. Funds can be established for a one-time project or for a new community program (for example: community fireworks, building projects, safety programs).