Types of Funds
The Community Foundation offers you a variety of fund types to tailor your giving for maximum impact. You can focus on specific organizations, issues or regions.
Unrestricted Funds – Think Broadly
Unrestricted Funds are just that – you entrust the Community Foundation to distribute grants from the fund that will meet the ever-changing needs in our community. These funds can be named as you wish, giving you the opportunity to choose the most flexible option while still securing your charitable legacy. The funds are distributed to local nonprofits through our Community Grantmaking process after our staff perform due diligence on all requests.
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Field-of-Interest Funds – Address Issues
A Field-of-Interest Fund allows you to focus your contribution towards an area of interest that is meaningful to you, whether that is the elderly, children, education, health, or any other need. We will make grants to the most effective organizations within the chosen field.
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Designated Funds – Ongoing Support
Perhaps you have developed a passion for specific programs or organizations. Designated Funds ensure ongoing, reliable support for the organizations you care about, in perpetuity.
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Agency Fund – Ensure Permanent Income
Agency Funds allow charities to set aside funds to provide a consistent income, take the pressure off annual fundraising and hedge against unforeseen hurdles. Charities can enjoy the peace of mind that comes with participating in a diverse, professionally managed investment pool. We work closely with you to achieve your organization’s needs today and in the future.
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Scholarship Funds – Empower a Dream
A Scholarship Fund helps students pursue their educational dreams. You may choose to award a scholarship to students attending your alma mater, studying a subject you care about, or both.
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Donor-Advised Funds – Stay Involved
The number one option for donors who value flexibility and choice, donor-advised funds offer a hands-on approach to philanthropy. This fund is ideal for those wanting to give to multiple organizations and programs throughout the year. We can work with you to identify charitable organizations that address issues of importance to you and you can recommend grants to the charities that you wish to support. Imagine the convenience of having all of your giving managed through one account.
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Giving to the Community Fund
If establishing your own fund isn’t right for you, you can choose to contribute to the collective giving effort of the Community Fund, joining forces with other donors to achieve the greatest possible impact. Our Community Grantmaking program, funded in large part by the Community Fund, invests in effective nonprofit organizations in Onondaga and Madison Counties. By making a contribution to the Community Fund, you can rest assured that your dollars will support a diverse group of local nonprofits that are working to positively impact our region.
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