Types of Funds

Unrestricted Fund (also called a general fund)

These are funds that the Foundation can use freely, without conditions.

group3Donor Advised Funds

This is an opportunity for you and your family to leave a lasting legacy to Missoula. A donor advised fund is a fund by which a donor, or designated advisor, may recommend grants to Missoula non-profit organizations that YOU are passionate about.

Donor advised funds offer the advantages of a private foundation, yet have lower management costs and greater tax benefits. Donor advised funds are especially useful for donors who want to take a charitable deduction one year and make distributions from income or principal in future years. Donors are able to participate actively in the giving process by recommending organizations to receive gifts. The Missoula Community Foundation assists donor advisors by maintaining fund records, researching potential fund recipients, ensuring that distributions are made to qualified tax-exempt organizations, and connecting donors with potential fund recipients.

Click here for information about establishing your own fund.

Field of Interest Funds

Field of interest funds support a broad array of interests such as the arts, education, and health. The donor specifies his or her interest at the time the fund is created. The Missoula Community Foundation then makes grants from these funds to the most appropriate organizations. An example of a Missoula Community Foundation field of interest fund is: Youth Philanthropy.

Designated Funds

Designated funds ensure long-term support for one or more specific non-profit organizations, identified by the donor at the time the fund is established. The named organizations receive an annual contribution from the designated fund.

Memorial Funds

Memorial funds operate like donor advised funds, yet are named in a loved one’s memory. As with all funds, gifts can be made to the fund by anyone at any time.

group2Organization Endowed Funds

Non-profit organizations may place their endowed funds at the Missoula Community Foundation, thus assuring donors that funds earmarked for the future will be invested wisely and used appropriately. The Foundation manages the fund as part of its investments and then distributes annual payments to the organization.

Scholarship Funds

The Missoula Community Foundation scholarship program brings together students in need and individuals who care about education to enable more students to reach their educational goals. Scholarship funds may be established to benefit a specific school or field of study.

Special Project Funds

A special project fund is established for a limited purpose or a special, one-time project.  These are generally not permanent funds.