Designated Funds

 

Helping local organizations sustain and grow.

Establishing a Designated Fund allows you to support the good work of a specific nonprofit organization - a senior center, museum, your church, or virtually any nonprofit charitable organization. Because it's given through your community foundation, your gift provides the organization you select not only funding, but planned giving and investment management services and the power of endowment.

 

Endowing your nonprofit organization.

Nonprofit organizations can also establish a Designated Fund or agency endowment at the community foundation. It's a simple and efficient way to build an endowment - and help create sustainability - for your nonprofit organization. The community foundation's experienced staff can also help your organization develop planned giving programs and assist with investment management and administrative details.

 

A source of strength and stability

Three times a week, Wendell Pittman delivers meals to homebound senior citizens as a volunteer for Meals for Seniors. While the organization has benefited from volunteerism and community recognition for over a decade, it depended largely on small donations and lacked a more predictable funding source. "Our organization needed more reliable funding, but we had trouble accepting large or complex gifts," says Mary Lynch, Meals for Seniors' executive director. After talking with Mary and with his financial advisor, Wendell decided to begin a Designated Fund with his local community foundation. He donated a piece of rental property that was becoming a bother in his retirement. The community foundation immediately sold the property and established the Meals for Seniors Fund. Thanks to this fund, other donors can contribute assets of a variety of types and sizes. "We're thrilled to be working with our community foundation," says Mary. "Meals for Seniors would not have been able to do this on its own."