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Field of Interest Funds

Many donors choose to create a charitable fund at the Community Foundation that supports a specific area of concern. A Field of Interest Fund allows you to focus your impact on a specific philanthropic interest area, such as the arts, education or the environment.

 

Getting Started is Easy

The Community Foundation can establish a fund that achieves your unique charitable goals. With the assistance of our staff, your Field of Interest Fund can support evolving needs and a variety of nonprofits focused on your area of interest.

A Field of Interest Fund can be opened with a minimum gift of just $10,000. You can use cash, stock, real estate or other assets to create a named fund and qualify for an immediate charitable tax deduction. We will distribute grants from your fund to those organizations that make the greatest impact in the area(s) of your choice. Additional gifts may be made to your Field of Interest Fund at any time.

 

Reasons to Create a Field of Interest Fund

It’s Easy. Work with our experienced staff to create your unique fund and have access to valuable knowledge about area nonprofit organizations. We make supporting your philanthropic passions easy.

It’s Permanent. Unlike a one-time gift or memorial, our Field of Interest Funds are designed to continue into perpetuity, extending your contribution to the area of your choice long after the original gift is made.

It’s Flexible. The most pressing needs in an interest area today may not be the same two years or two decades from now. We monitor the progression of your interest area and choose organizations whose services are making the greatest impact.

It’s Personal. The fund is completely customized to you. It reflects the causes and organizations you care about, in Central New York and beyond. We’re here to offer individualized service and strategies to help you carry out your goals and suggest ways to increase your impact.

It’s Efficient. We handle the managerial tasks of your fund – from investment administration to grants management – all for a nominal administrative fee.

 

How Our Endowed Funds Work

We pool our more than 700 charitable funds for investment purposes and each receives its pro rata share of the investment return. We distribute 4.4% of the value of a fund each year to the field of interest specified by the donor. We average the fund balance over the most recent 20-quarter period and multiply it by 4.4% to calculate the annual spending amount. This approach protects the long-term value of the fund, promotes growth, and buffers against wild fluctuations in the amount available from the fund for grants on an annual basis.

 

 

Learn More:

Why Partner With Us
Types of Assets
Legacy Planning
Administrative Fees
Request a Meeting


Watch Video: What is the Central New York Community Foundation?



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(315) 422-9538.